Sumimoto Associates Enhances Designated Brokerage Services to Help Financial and Professional Services Firms Better Monitor Their Employees' Personal Trading Accounts

Released on: August 29, 2012, 9:52 am
Author: Japan financial
Industry: Financial, International Trade, Internet & Online

August 29, 2012, 9:52 am -- /EPR NETWORK/ -- Expanded service team and leading technology delivers outstanding trading experience for employees and improved reporting for compliance and risk officers.

Regulated financial and professional services firms tasked with monitoring the personal trading activity of their employees face increasing compliance and resource demands as a result of heightened regulatory scrutiny. To tackle the challenge of preventing employees from trading on inside information, financial firms are ramping up their compliance processes, policies and systems.

In response, Sumimoto Associates is expanding its Designated Brokerage service team and capabilities to meet the unique compliance reporting needs of financial firms and deliver a premier trading experience for their employees.

“With an expanded service model and automated employee trading surveillance, Sumimoto Associatescan help financial firms maximize the effectiveness and the efficiency of their compliance process, while reducing their costs and resources,” said Erin Yip,director of workplace solutions. Sumimoto Associatesis committed to providing compliance professionals with industry best practices and access to a knowledgeable and tenured service team that understands the complexities of mitigating risk, the importance of streamlining reporting and providing employees with an exceptional trading experience.”

Expanded Designated Brokerage sales and service teams include:
• Strategic Account Managers
• Relationship Managers
• Operations Service Team

Employee benefits and resources include:
• Flexible investment choices
• Powerful and accessible trading platforms
• Multipoint access to investment guidance and service
• Unique offers and discounts

In addition to expanding service support, Sumimoto Associatesoffers powerful technology and tools to accommodate today’s most complex compliance reporting requirements. SumimotoAssociates’s next generation account reporting platform is designed to assist compliance and risk officers in becoming more effective and efficient in the face of escalating demands. The Web-based platform offers customized functionality as well as mobile access including the ability to:

• Access accounts with ease.
• Set up alerts to simplify monitoring.
• Build custom data pulls.
• Customize download features.
• Leverage SumimotoAssociates’s standard file sets.
• Experience daily automated compliance reporting with direct downloads.
• Take advantage of special tools for accounting or auditing firms.

About Sumimoto Associates Securities Services
Innovation is the key as to how Sumimoto Associates expands. Without innovation we would be stagnant, with it we are able to lead the industry with new ideas. It is important that we react to trends and market shifts so we can change and lead. The global investment environment is getting larger and more involved every year, innovation makes sure that we can adapt to the changing times. It allows us to react swiftly and to gain a head start on our competitors.We use the latest technology and financial tools there are available. By meticulously understanding the markets with the use of applied technology we can form a strong base for wealth accumulation.