New York, NY (PRWEB) October 7, 2009
NorthStar Systems International, a leading provider of wealth management software solutions, today announced the release of a Whitepaper focused on Wealth Management Fiduciary Compliance. The White Paper, and the accompanying comprehensive case study, provides an outline for business unit managers on which processes are necessary to provide fiduciary-quality care for clients. The paper can be found at http://northstar.com/clientcare.html.
There is much discussion currently among different trade groups and classes of advisors with respect to the proposed "harmonization" of rules for all types of advisors serving the investing public. While much of the conversation focuses on methods of compensation and which types of advisors are true fiduciaries, the clients' best interests are getting lost in the debate. NorthStar believes that a well conceived investment process, with controls and compliance incorporated throughout, offers the best solution for clients of broker dealers, RIAs and trust companies, irrespective of the legislative outcome.
"Given the debate in Washington, and the broken trust in the industry, all wealth management firms must now focus on complying to a Fiduciary Quality Client Care standard," said Juergen Dittgen, Senior Vice President, Product Development and author of the White Paper. "And the only way to truly achieve that is through sound and compliant workflow processes."
About NorthStar Systems International
NorthStar is a leading provider of wealth management software that enables firms to dramatically improve productivity and drive profitability. Industry leaders use NorthStar to automate and streamline their wealth management workflows with NorthStar Desktop, NorthStar Client Acquisition Solution, NorthStar Client Reporting Solution, NorthStar Compliance Solution, and NorthStar Product Catalog Solution. For more information about NorthStar, its premier clients and award-winning software, visit http://www.northstar.com .