Regulatory Best Interest

An F100 finance company partnered with ZENDA to transform its regulatory best interest platforms and significantly reduce compliance risk for advisors. The result was a streamlined, efficient process that enhanced compliance documentation and supported business growth opportunities for advisors in the field.

$5MM

SEC compliance fine risk reduction

ZERO

Effective advisor down time

100K

Operations optimized yearly

Solution

Through a series of alignment sessions with product owners and developers, ZENDA assessed technological feasibility and configured a transformative mobile, 1-click solution for new account openings. The solution integrated four different documentation tools into a single platform with unified product ownership, ensuring seamless data transfer while maintaining SEC compliance. A robust notification system also enabled advisors to efficiently approve new account applications without being limited to a single location.

Result

Through implementation of the 1-click solution, ZENDA optimized 100,000 yearly operations, reducing exposure to risk of up to $5MM in SEC compliance fines. Enhancing efficiency in advisors’ workflows eliminated downtime, allowing for capitalization on new business opportunities, protecting brand equity, and strengthening the bottom line.