PeerCompare Make compliant investment recommendations.
Generate a peer group of reasonably available alternatives that compares cost, risk and return, then deliver and document a best interest recommendation in one workflow.
Why financial professionals prefer PeerCompare
Survey results from a major broker-dealer.
80%
felt confident meeting their Reg BI Care Obligation with PeerCompare.
95%
want a permanent digital record of every client recommendation.
80%
prefer the simplicity of PeerCompare over competing products.
95%
see value in digitally documenting the analysis of alternatives.
Be confident every recommendation is in the client’s best interest.
An intuitive app that fits into the financial professional’s existing workflow.
Peer Groups
Compare and recommend with ease
PeerCompare builds a peer group from similar products on your shelf and shows how your recommendation stacks up.
- Mutual Funds, Segregated Funds, ETFs, CITs, CEFs, UITs, REITs, North American Equities, Fixed Income, Liquid Alternatives and Annuities
- Compare against peers by Category, Risk and Time Horizon
- Proprietary peer ratings score every security on cost, risk and return
Regulatory Coverage
One application for every stakeholder and regulation
Help firms and financial professionals make best interest recommendations to retail investors.
- Compare costs and reasonably available alternatives (Reg BI; SEC Staff Bulletin 4/23)
- Recommend the least expensive mutual fund share class (SEC Announcement 5/18)
- KYP and a reasonable range of alternatives (Client Focused Reforms)
Disclosure and Supervision
Track disclosure and facilitate supervision
Perform a best interest analysis, then disclose and record the transaction for supervision and audit.
- Share recommendations digitally with ComplianceExpress
- Record when each disclosure is sent, received and viewed
Why Technology
A million data points a day
Meeting best interest requirements without technology is virtually impossible. Take a typical day under Reg BI:
5
investment recommendations
35,000
products on an open shelf
6+
data fields per alternative: fees, risk, performance, time horizon, share class and fund series
That’s over 1,000,000 data points to process, every day.
“PeerCompare is an intuitive tool for our advisor team to assess reasonably available alternatives and document their recommendations. The solution is easy to use and complements the advisor’s workflow.”
Natasa Morfesis
Vice President, Dealer Compliance at Worldsource Wealth Management
“InvestorCOM PeerCompare takes the guesswork out of making compliant product recommendations.”
Risa Gomez
First Vice President of Retirement Plan Services at Davenport & Company LLC
“Meeting Reg BI compliance with a remote workforce of advisors is only possible by using a technology like this. We are impressed by InvestorCOM’s comprehensive solution.”
William Best
COO of Regal Holdings
“InvestorCOM’s compliance platform is well-suited to help broker-dealers meet many facets of their best interest obligations.”
Will Trout
Director Wealth Management, Javelin Strategy
“PeerCompare is great for people that have been in the business for a long time and have favorites that may no longer be ‘best in class’. This tool gives some good ideas on better products.”
Clint G., Financial Professional
Major Broker-Dealer
Top Data Challenge Facing Advisors
Meeting the Care Obligation may require advisors to consider one million data points per day.
The Future of Compliant Investment Recommendations
How can BDs demonstrate they are acting in the best interest of retail clients when making investment recommendations?
Reg BI’s Care Obligation and Reasonable Alternatives
Dealers should pay attention to consideration of Reasonably Available Alternatives when making a recommendation.