FolioDynamix Wealth Management Technology Helps Firms with Upstream and Downstream Compliance Challenges

FDx SingleSight solution is designed to automate core processes, provide greater transparency across accounts and improve regulatory reporting and governance

NEW YORK--(BUSINESS WIRE)-- FolioDynamix, a leading provider of web-based wealth management technology, content and services for managing the full investment and wealth advisory lifecycle, today announced that its FDx SingleSight™ platform is helping firms meet the demands of new and existing compliance mandates, manage both upstream and downstream compliance and improve operational governance.

Robust risk management controls have become a top priority among wealth management business leaders as the industry becomes more closely regulated. To be successful, wealth management firms must focus on implementing compliance controls that allow for enterprise-wide transparency, process automation of core wealth management processes, and real time reporting and audit trail generation. The recently published CapGemini 2012 World Wealth Report calls out this challenge, stating that firms are facing increased risk as a result of “the post-crisis backlash against the financial services industry, rising competition, greater regulatory scrutiny [and] heightened market volatility.”

FolioDynamix is helping wealth management firms take a proactive approach to managing these external forces with its FDx SingleSight wealth management technology platform, the most recent version of which was released last month. The web-based platform supports the complete wealth management lifecycle for fee-based advisory services, thus helping wealth management firms gain greater control and visibility across all of their core business operations with a single platform. The solution helps companies manage both upstream compliance – giving firms the tools to they need to define and automatically enforce advisor guidelines and behaviors – and downstream compliance through robust monitoring and audit reporting capabilities.

Upstream compliance capabilities inherent in the FolioDynamix wealth management technology platform include:

  • The ability to provide advisors and the home-office with a single view across all authorized accounts
  • Automation and repeatability of consistent business process workflows
  • Automatic enforcement of consistent standards and actions across advisors
  • Ability to define guardrails around product selection
  • Restriction capabilities on all security types
  • Account or model-level trading
  • Handling of non-discretionary accounts

Downstream compliance capabilities inherent in the FolioDynamix wealth management technology platform include:

  • Reduction of paper-based and manual activities to allow for more comprehensive online audit trail capture
  • Account management dashboards and alerts that enable advisors to better monitor account activity
  • Integrated reporting and governance tools that support comprehensive audit trail reporting, full historical reporting, and ad hoc reporting by user, group, firm or platform function for any timeframe
  • Ability to run a complete model history based on program or sleeve level

“Often wealth management firms struggle to manage compliance mandates and changing industry regulations in a timely, effective manner while still allowing advisors a degree of flexibility to do their jobs well,” said Joseph Mrak, president and CEO of FolioDynamix. “The FolioDynamix SingleSight wealth management technology platform gives firms the ability to define and automate standards across core processes, enforce desired advisor behaviors and gain greater control over and visibility into daily operations, while also giving advisors the tools they need to take a more proactive role in account management and governance. The result is lower operational costs, improved upstream and downstream compliance, more proactive risk management and greater agility to respond to changing regulations.”

For more information on how FolioDynamix is helping wealth management firms address compliance challenges, visit

About FolioDynamix

Bringing innovation, insight and agility to the wealth management and investment advisor communities, FolioDynamix offers the most comprehensive web-based technology platform for managing the full wealth advisory lifecycle – including proposal and onboarding, research, model management, portfolio accounting, trade order management, operations, reporting, and performance analytics – across all account types. Unlike other wealth management technology platforms, FDx SingleSight is completely developed, hosted and supported by FolioDynamix – eliminating silos and empowering advisors with a single platform to manage all customer accounts. The platform provides broker dealers, banks, custodians and service providers with leading-edge technology to attract and retain top advisors, accelerate client acquisition and gain end-to-end visibility into all assets under management for improved efficiency, better compliance, and enhanced client service. Visit

Vickie Nutter, +1-916-288-6404

Source: FolioDynamix