ACA unveils enhanced managed services offering


ACA Group has bolstered its managed services offering in response to the ongoing global economic downturn, increased budget pressure and recruitment challenges.

According to ACA, companies can now benefit from a customised blend of outsourced task management with the option of leveraging ACA ComplianceAlpha regulatory technology for increased efficiencies.

ACA said these solutions assist financial services firms, globally, helping them to cut costs, reduce turnaround times, and free up resources for value-adding activities.

This announcement, ACA claims comes at a time when the SEC is set to enforce its marketing rules – intended to prevent investment advisers from misleading clients.

A key function of ACA’s Managed Services offering is analysis and review of marketing and financial promotions. This feature is complemented by electronic communication reviews, AML due diligence (onboarding KYC/CIP and deal-related support) and screening services, code of ethics and personal account dealing and administration, expert network chaperoning, and wider regulatory reporting requirements – which are also included in ACA’s Managed Services portfolio.

ACA global advisory leader Carlo di Florio said, “The escalating pace of regulatory change, compliance talent cost pressures, budget constraints, and threat of recession is creating capacity, recruitment and retention challenges for many firms. Yet the pressure from increased global regulatory requirements is only growing. This challenge leaves firms in danger of creating risky exposure gaps in their compliance program.

“In this climate, risk and compliance leaders are being asked to do more with less.  Managed services allows them to offload time-intensive day-to-day tasks to a trusted partner for enhanced efficiencies, allowing them to focus their limited resources on other, value-enhancing activities. These services can be scaled to meet the needs of clients and internal governance processes, reduce key person risk, and mitigate burnout and lower the risk of turnover. As regulatory change continues, new compliance challenges will undoubtedly emerge, which is why firms need a managed service partner that is 100% adaptive to changes in the regulatory landscape.”

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