Web-based application helps asset managers to meet Adviser Act requirement. Compliance software maker HedgeOp Compliance has released ComplianceTrak Adviser to help small and mid-size asset managers meet increasingly stringent regulatory requirements using the same underlying technology and approach used by HedgeOp's larger ComplianceTrak platform intended for use by hedge-fund manager.

Centerpiece

"A critical aspect of any investment advisers business is the ability to comply with Investment Adviser Act requirements, which continue to evolve as mandated by current market conditions," says HedgeOp's CEO Bill Mulligan. "With ComplianceTrak Adviser, traditional RIAs can now leverage a multitude of tools and robust compliance functionality to fulfill their compliance infrastructure and demonstrate a culture of compliance to investors and regulators."

New York-based HedgeOp's ComplianceTrak Adviser provide immediate access to an interactive compliance calendar, code of ethics tracking and reporting capabilities to help compliance officers simultaneously monitor and report on compliance responsibilities.

Built with Microsoft's .NET technology framework and integrated with popular desktop applications like outlook Outlook, Excel and PDF, ComplianceTrak Adviser is meant to serve as the centerpiece of a manager's compliance infrastructure. -FWR

Purchase reproduction rights to this article.