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Introduction
In the ever-evolving world of financial services, staying compliant with regulatory requirements is a daunting task. Enter Blake Bjordahl, a seasoned veteran with 38 years of industry experience, who is transforming the landscape of compliance technology. As the owner of RIA Compliance Technology, Bjordahl has developed a suite of innovative solutions designed to simplify and automate compliance processes for financial advisors and compliance professionals. This article delves into how RIA Compliance Technology is modernizing compliance management, making it more efficient and user-friendly.
The Genesis of RIA Compliance Technology
Blake Bjordahl’s journey into compliance technology began from a personal need. “About ten years ago, I started doing compliance again and realized the existing solutions were inadequate,” Bjordahl recalls. This realization led to the creation of RIA Compliance Technology, headquartered in Arizona. Initially a portal to assist his clients, the company has since evolved into a comprehensive compliance technology firm. Their offerings include a simple compliance portal, mail archive, website text messaging, social media management, and a personal trade monitor known as Simple Trade Monitors. These tools collectively form a robust suite designed to streamline compliance processes.
Simplifying Compliance with Automation and Organization
At the heart of RIA Compliance Technology’s offerings is the philosophy of simplifying compliance through automation and organization. “Most advisors or compliance professionals don’t have a plan or a routine,” Bjordahl explains. The company’s solutions address this gap by providing structured, organized tools that automate routine tasks and document everything in one place. This approach not only saves time but also ensures that nothing falls through the cracks. By automating the hard stuff and organizing the rest, RIA Compliance Technology empowers compliance teams to focus on what truly matters.
Features of RIA Compliance Technology’s Suite
The comprehensive suite offered by RIA Compliance Technology is designed to meet the diverse needs of financial services firms. Key features include calendaring and task tracking for compliance tasks, collection and review of compliance information, and centralized documentation. The platform also supports email and trade reviews, ensuring that all aspects of compliance are covered. “What we’ve built is a complete compliance technology suite,” Bjordahl notes, emphasizing its applicability to a wide range of financial services firms.
Benefits for Independent Advisors and Financial Firms
Independent advisors and financial firms stand to gain significantly from using RIA Compliance Technology’s platform. The unified suite allows compliance teams to collect, review, and store all necessary data in a centralized location. This centralization not only facilitates easy extraction of data for regulatory inspections but also ensures that firms are always prepared. “We build our technology and reporting to satisfy regulatory needs,” Bjordahl explains, highlighting the platform’s ability to deliver data in a succinct, professional manner. This readiness can set a positive tone for regulatory inspections, showcasing the firm as organized and professional.
Final Thoughts
In a world where regulatory compliance is both essential and complex, RIA Compliance Technology stands out as a beacon of innovation. Under Blake Bjordahl’s leadership, the company has developed solutions that not only simplify compliance but also empower financial advisors and compliance professionals to operate more efficiently. By automating routine tasks and organizing data, RIA Compliance Technology ensures that firms are always ready for regulatory scrutiny. As the financial services industry continues to evolve, embracing such cutting-edge compliance technology is not just an option but a necessity. To learn more about how RIA Compliance Technology can transform your compliance processes, visit their website.
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