Manage Clients, Compliance and Risks without Disruption

Even as we speak, the world order is changing with the new realities of Corona Virus. Ability for staff to work from where ever they are, is critical to continuing operations to service clients and monitor risks.

La Meer’s GRACE (Governance, Risk and Compliance for the Enterprise) platform is built by financial market experts for financial market regulations in Banks, Broker-dealers, Wealth Advisory, Alternate Investments and Asset Management Firms to enable clients and staff work in compliance.

The GRACE cloud platform can be deployed on AWS, private/ hybrid certified cloud or in-house to get you started on day one and avoid disruption and is available in US, UK, Europe and Canada

Enable and Empower Your Staff and Clients to Manage from Whereever They Are

Our suite GRACE solutions comprehensively address

Client Management – Regulation Best Interest (Reg BI), MiFID II, Client Focused Reforms
Integrated Governance, Risk & Compliance (GRC)
Business Continuity Assessments, GDPR, CCPA, PIPEDA and Vendor Risk
Integrated Risk Management, GRC
Compliance Management
Anti-Money Laundering (AML)
Trade Monitoring
Senior Management Certification Regime
Operational Due Diligence
Broker-dealer Branch and Registered Representative Monitoring

Modular by Approach, Integrated by Design

You can pick and choose the modules you need on the GRACE Platform and pay as you grow, allowing you to create an extensible custom product suite with right features for immediate needs and additional functionality to be easily switched-on through configuration as your business needs change.

System is ready to use from day one and comes with pre-built industry integrations and easy connectivity to your internal systems.

Easy to use functionality, workflows, calendars, alerts, powerful dashboards and low training needs, GRACE can help you implement your operational processes and scale as you go.

It reduces your large upfront costs and gives you the advantage of immediate return on investment.

Frequently Asked Questions on Regulation Best Interest

The staff of the Division of Trading and Markets have prepared the following responses to questions about Regulation Best Interest and expect to update from time to time our responses…

03May 20

SEC’s Office of Compliance and Examinations Risk Alert on Exams related to Form CRS dated April 7th 2020

The Office of Compliance Inspections and Examinations (“OCIE”) isissuing this Risk Alert to provide SEC-registered broker-dealers andinvestment advisers (“firms”) with information about the scope and contentof initial examinations after the…

GRACE Enterprise GRC

GRACE Enterprise GRC offers the organization an integrated approach to manage risk, as a business as usual process across Departments, Locations, Business Lines, IT, Vendors and Compliance. Integrate Risk Assessments, Policies and Procedures, Audits, Internal controls monitoring, Loss event management, KRI Management, Incident Management all rolling up to the single source of truth for operational,compliance, legal, reputation and other risks. A standardized approach to classification helps understand the highest risks to the organization

GRACE for Regulation Best Interest (Reg BI)

GRACE for Reg BI (Regulation Best Interest) helps comprehensively address SEC/FINRA expectations of providing clear disclosures,offering correct products in the client’s best interest for their risk profiles and comprehensive oversight. A powerful integrated solution for Product Governance, Client Management, Client Communication, Suitability review, Policies and Procedures, Oversight, Training and Attestation, trade monitoring and portfolio review, organizations can implement and prove compliance efficiently and effectively.

GRACE for Compliance Monitoring

GRACE helps the organization address compliance as per SEC, FINRA, FCA regulatory expectations in a simple but effective way. Policies,Procedures,online attestations can set the tone at the top. Online Calendars and assignments keep track of compliance obligations. Reminders ensure everyone stays on top. Documents, supporting data, Notes, Issues loaded against compliance items, Review and escalation of violations ensure all items are tracked as soon as they occur. The integrated compliance dashboard provides analytics and drill downs.

GRACE for Anti-Money Laundering Monitoring

Monitoring financial crime monitoring is fundamental for prevention of money laundering and international terrorism. GRACE AML automates client monitoring against worldwide sanctions to generate risk profiles. It meets Customer Due Diligence Rule expectation of monitoring beneficial ownership in sanctioned entities, adverse media and identify and report suspicious transaction patterns.

GRACE for Trade Monitoring

GRACE Trade monitoring automates the process of trade aggregation from various data sources and allows automatic red-flagging to identify violating trades based on business rules and mark up the issues in them. The aggregated trade data can show pattern of insider trading monitoring and client best execution discrepancies. It helps identify conflicts in personal trades, bad allocation for clients etc.

GRACE for Data Privacy/IT Risk Management

GDPR, California Consumer Privacy Act (CCPA), PIPEDA, and other worldwide Privacy Laws mandate stringent security over client information whether being managed internally or by vendors. GRACE can help you set up the internal processes needed for policies and procedures, do risk assessments, manage IT inventory and vendors, monitor client consent and manage breaches based on NIST, ITIL, ISO frameworks.

GRACE for Vendor / Third Party Risk Management

GRACE Vendor risk helps manage information on all third party / vendors, their locations, SLAs and conduct due diligence on their processes. Periodic / continuous monitoring of vendor’s data business continuity, security management and compliance processes and identify risk trends for early corrective action

GRACE for Broker-dealer's Branch / Registered Representative Monitoring

GRACE helps build and manage oversight of branches and registered representatives to their adherence to regulations, identify conflicts of interest, and any risks to their clients. It helps monitor Outside Activities of Representatives from Public information sources. Findings from examinations can identify risks across these to take early corrective action.

GRACE for Operational Due Diligence

Institutional investors like Pensions, Endowments, Fund of Hedge Funds and Private Wealth Management organizations can use GRACE to conduct Operational due diligence on Alternate Investment firms to identify operational issues before they invest,and monitor them post investment in an organized way. Early identification allows protection of their investments before their portfolio is impacted badly .

GRACE Online Training Management

GRACE Online Training Management system helps the organization set up customized and standard training on the web and helps manage training programs to ensure that all the staff are fully aware of the latest procedures, regulatory expectation, marketing aspects etc, to prevent compliance violations.

GRACE for Senior Management & Certification Regime

GRACE for SM&CR (Senior Management & Certification Regime) helps manage the process of recording Senior Managers obligations and monitoring and certifying them for adherence Management as expected by Financial Conduct Authority in UK.

GRACE for Regulatory Filings (Coming)

We are working on building out the functionality for ADV filings as expected SEC. Watch out for More Details

Helps you Meet Regulatory Expectations Comprehensively

Comprehensive functionality for all specific requirements as defined by regulators SEC, FINRA,OCC, OCIE, CFPB, Fiduciary Rule,MiFID II, GDPR from their yearly examination priorities and ongoing data monitoring expectations

Allows you to Choose Modules and Add as you Grow without Integration costs

Pick and choose the modules you want to implement and only pay for it. Add other modules and implement when you are ready to grow to an Enterprise wide system with comprehensive ready to go functionality at low costs.

Collaborate with the Eco-system and Grow at Your Pace

Deploy the modules you want, add users,departments,business lines, locations, vendors, clients and outsourced providers at your pace

Comes Pre-built with Industry Data connectors

Connectors already built with Industry sources for AML, personal trades and outside business activity information from public sources

Offers Specialized Functional Actionable Dashboards

Specialized dashboards with Charts,Analytics and drill downs for each user group for their day to day functions, C-level dashboards for integrated view of risk, compliance, issues, mitigation, client, advisor etc.

Comes with Pre-built Forms and Workflows

Provides you with the pre-built forms and templates for reporting, attestation, and other functions. Automated workflows, alerts, audit trails help monitor and manage with ease.

Customization at Low Costs

Easy to customize and add functionality, integrate, add charting, reports, queries and help end users meet their data monitoring and reporting needs from in-house data with lot less cost and make implementations much more effective and meaningful

Can be Deployed right away on Cloud or In-house

Implement modules within few hours on GDPR compliant cloud or your in-house infrastructure. To add modules it is just a switch turned on. Allows your users have additional modules in matter of minutes to expand functional offering

Offers Automated Data Loads and Red-flagging by Business Rules

Automated data load and red-flagging based on business rules reducing hours of manual work to identify issues allowing the compliance team to zero in quickly on risks

Easily Integrates with your in-house data sources

Data from source systems can be integrated with ease using API where available, batch data load and other operations to seamlessly integrate into the system.

Easy to Use - Low training needs

Web based / tablet, mobile enabled, Anytime, Anywhere, GRACE systems are easy to use for end-users, works similarly with new modules with least amount of training requirements and deployment challenges

Is Very Affordable with Flexible Payment Options

Pay for only the modules you use. Add users and modules as you go to enhance the user base within the organization and with clients into a unified system seamlessly