SunGard Strengthens Ziegler's Regulatory Landscape With Protegent

Ziegler Wealth Management, a full service broker dealer based in Chicago, is using SunGard's Protegent Surveillance for compliance, surveillance and regulatory processing. A comprehensive compliance and surveillance tool for financial services institutions, Protegent Surveillance provides trade and account based compliance

By None

Ziegler Wealth Management, a full service broker-dealer based in Chicago, is using SunGard’s Protegent Surveillance for compliance, surveillance and regulatory processing.

A comprehensive compliance and surveillance tool 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.

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 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.

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, says Mike McLaughlin, chief administrative officer at Ziegler Wealth Management.

“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 with the regulatory landscape,” says Steve Sabin, chief operating officer of Protegent business unit, SunGard.

“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.”

L.D.

«