Quadron Data Solutions Upgrades DataPro™ to Provide Client-Centric Books and Records Management
ORLANDO, Fla., Jan. 25, 2012 /PRNewswire/ -- Quadron Data Solutions, provider of data management solutions and an affiliate of Fetter Logic Inc., announced today upgrades to DataPro™, the unified data warehouse supporting Quadron Data Solution's Q-Suite™ of products. The upgraded version gives advisors and broker-dealers the ability to wrap multiple custodial accounts under a single "master account," centralize their books and records management capabilities, as well as facilitate a consolidated view across the entire portfolio. Suitability data can be maintained at the client level to facilitate FINRA Rule 2111 (Suitability) and FINRA Rule 2090 (Know Your Customer), and client records are automatically updated in multiple accounts across the entire system each time a change is made.
The new version also includes restructured books and records data that combines separate investment accounts such as individual, joint, and qualified accounts into one linked, holistic client profile that filters by account. The data integrates with business intelligence tools, such as AdvisorQ™, to enable users to create aggregated client views that showcase assets and activities by client (rather than by investment account) and can be subdivided by criteria such as: qualified versus non-qualified, registration-type, and custodian for the ability to have a client-centric books and records management system.
David Fetter, CEO of Quadron Data Solutions said, "A client-centric view of books and records data transforms the ability of the advisor and broker-dealer to provide suitable, customer-focused advisory and execution services for their clients. We understand that data management is more important than ever for firms striving to keep up with a more complex list of functional requirements. We made these upgrades to give our users a holistic view of their clients' portfolios, habits, and risk tolerances along with greater efficiency across the front, middle and back office.
The DataPro upgrades enhance the data warehouse's proven data model which allows firms to create meaningful intelligence by unifying and applying disparate data sources. DataPro currently processes 30 million records per day and performs a wide range of checks on data before allowing it into the database to preserve data integrity. It is specifically designed to normalize financial services data and integrate with business intelligence tools across the front, middle and back office, enabling better decision making and sales ability.
Fetter Logic
Founded in 1997, Fetter Logic, Inc. provides services directly to its clients and to clients of its affiliates, Quadron Data Solutions and TransAd Partners. Fetter Logic provides the knowledge and experience needed to efficiently and effectively meet the growing demands on representatives, operations, compliance and the "C" suite in the retail wealth management industry including independent, bank and insurance company owned broker-dealers. Fetter Logic provides solutions for the front, middle and back office and has a data centric approach and works with clients to turn data into intelligence. More information can be found at: www.fetterlogic.com.
Quadron Data Solutions
Quadron Data Solutions, an affiliate of Fetter Logic, provides technology-enabled solutions for independent, bank and insurance broker-dealers. The company's core platform includes DataPro, a proprietary data warehouse, and the Q-Suite, a set of comprehensive solutions that provide financial professionals with integrated applications for all of their data management and client reporting needs. The Q-Suite is comprised of: AccountQ, AdvisorQ, ReportQ, ComplianceQ, and EarningsQ. By leveraging data, technology and expertise, Quadron Data Solutions has created innovative and seamlessly integrated business processes and reporting solutions. For more information on Quadron, DataPro and the Q-Suite, please visit www.quadrondata.com.
SOURCE Quadron Data Solutions
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