On Tuesday, Wells Fargo clients gained access to a new service designed to monitor their investments for risk exposure limits and compliance with investment and regulatory guidelines.
Wells Fargo’s Investment Guideline Monitoring Service can help track client assets, ensure compliance with rules at all governmental levels and provide a comprehensive audit trail, the bank says.
“Companies and public entities are subject to increased scrutiny in all aspects of their organizations with the implementation of the Sarbanes-Oxley Act and the establishment of the Public Company Accounting Oversight Board,” says Beth Baumann, director of trust and custody products for Wells Fargo Institutional Trust Services. “Wells Fargo’s own commitment to corporate governance means that we understand the value robust compliance tools provide to an organization, and our expertise in this area ensures the new Investment Guideline Monitoring program will be highly effective for our clients.”