Ziegler Wealth Management (symbol: ZGCO), a full service regional broker-dealer based in Chicago, is using SunGard's Protegent Surveillance for company-wide compliance, surveillance and regulatory processing.
A comprehensive compliance and surveillance solution for financial services institutions, Protegent Surveillance provides trade and account-based compliance reviews that give firms an enterprise-wide view of compliance performance and helps enhance firms' ability to quickly assess risk. Ziegler Wealth Management rolled out Protegent Surveillance to approximately 100 of its financial advisors, regional sales supervisors and branch managers in an application service provider (ASP) environment within an eight-week timeframe.
Developing, acquiring and maintaining the appropriate tools for compliance and regulatory oversight can be difficult for many small- to medium-sized broker-dealers to achieve in a cost-effective and efficient manner. As a full service firm with a multi-product business model and complicated branch network, Ziegler Wealth Management required a flexible range of trade blotters, rules and alerting capabilities to accommodate its hierarchical structure, without significant modification. Protegent Surveillance provided this, and helps Ziegler Wealth Management to control internal and regulatory risk by proactively pinpointing questionable transactions and positions, improving field supervision processes, and keeping pace with regulatory changes.
Mike McLaughlin, chief administrative officer at Ziegler Wealth Management, said, "We needed a tool that could accommodate our hierarchical structure and grow with us as our needs change. SunGard's Protegent Surveillance is a comprehensive solution that can be used effectively by branch managers, supervisors and advisors, and provides a holistic view of activity and risk across our Wealth Management division. Protegent helps keep us up to date on the latest rules and regulations and automatically incorporates them into the software."
"Today's smaller firms need to have access to proven compliance and supervisory tools to help them assess risk quickly, increase productivity, and keep up up with the regulatory landscape," said Steve Sabin, chief operating officer of SunGard's Protegent business unit. "As an ASP-based solution, Protegent helps both large and small firms obtain the compliance tools and reliability they need without the long implementation timelines and resource overhead."
SunGard provides a diverse set of compliance and risk mitigation solutions that encompass risk management, surveillance, supervision, regulatory and ethics monitoring. Leveraging SunGard's Common Services Architecture, compliance components can be rapidly deployed alongside or embedded within line-of-business systems and orchestrated to provide an enterprise-wide view. SunGard also provides regulatory and compliance consulting services that are designed to help senior executives at financial institutions assess the quality and substance of their risk and compliance programs.