The Investment Center Selects Lumesis’ DIVER Advisor Platform
In anticipation of clarified Time of Trade Disclosure Rules for municipal bonds, TIC deploys DIVER Advisor to provide its network of Investment Advisors an innovative compliance platform.
November 13, 2013 06:00 AM Eastern Time
BEDMINSTER, N.J. & STAMFORD, Conn.–(EON: Enhanced Online News)–To enhance its offering of value-add services around the increasingly complex municipal bond market, The Investment Center, Inc. (“TIC”) selected Lumesis’ DIVER Advisor cloud-based software for its network of Financial Advisors. TIC will benefit from DIVER Advisor’s delivery of comprehensive data and real-time client account monitoring tools for rating changes, MSRB filings and market trade activity.
Since opening its doors in 1986, TIC has made municipal bond inventory available to assist Financial Advisors construct and diversify customer portfolios. Understanding the potential new MSRB rules around time of trade disclosure, TIC has taken a progressive step in adding Advisor to its platform.
DIVER Advisor will complement TIC’s services and provide its Financial Advisors with:
- Real-Time Access to comprehensive, dynamically generated municipal bond reports for delivery to clients and
- Tools to Monitor, oversee, and support regulatory requirements for time of trade disclosure to retail clients for municipal bonds
Doug Wright, Chief Compliance Officer at TIC said, “With revised regulatory requirements coming into effect and a growing need for transparency in the municipal bond market, we were looking for a highly efficient platform that offers our diverse user group value-added data and information and supports their need to meet important disclosure obligations. We aim to surpass the current industry standard practice for Advisors to “check the box” to acknowledge disclosure. With DIVER Advisor’s cutting edge technology , we are implementing a comprehensive platform that can email bond reports to clients, customize monitoring solutions, provide protection to our advisors, and ensure that our retail clients are served in a compliant manner and, more importantly, up to The Investment Center’s high standards.”
Gregg Bienstock, Chief Executive Officer at Lumesis, said, “The Investment Center has taken the lead to ensure its retail clients are provided full transparency around traded municipal bonds. We look forward partnering with TIC to help them meet and, in some cases, exceed today’s time of trade disclosure requirements and those to come while serving their team with value-added account specific monitoring.”
About The Investment Center, Inc.
Founded in 1986, The Investment Center is a privately held Bedminster, NJ based financial services firm with over 6 billion in assets under management. The Investment Center was founded with a vision of providing independent financial advisors with cutting-edge technology, innovative products and superior service. Our goal has always been to partner with those financial advisors who represent the best in the industry and now, with nearly 300 financial advisors and 150 branches throughout the United States, The Investment Center is fast becoming recognized as one of the premier broker/dealers for successful independent financial advisors. For more information about The Investment Center, Inc. please visit www.investmentctr.com.
About Lumesis, Inc.
Lumesis is a Software-as-a-Service (SaaS), cloud-based financial technology company dedicated to delivering simple to use powerful technology for the Fixed Income Municipal Marketplace. Lumesis has three products in its DIVER solution offering—DIVER Advisor, DIVER Analytics, and DIVER Data Services—which offer software solutions and comprehensive data on more than 54,000 issuers within the municipal fixed income market. DIVER Advisor is a comprehensive information delivery and compliance solution serving Financial Advisor networks. It is designed to improve customer satisfaction, while protecting the firm through a robust compliance infrastructure. Financial Advisors gain insights to activity around client positions through real-time notification on dashboards and easily access internal research and recommendations from Credit Analysts. DIVER Analytics is a suite of powerful analytical and visualization tools that provides access to hundreds of datasets and serves Credit Analysts, Portfolio Managers and Risk Managers. DIVER Data Services matches user data and information needs with comprehensive data, analytical and delivery expertise. To learn more about Lumesis, please visit www.lumesis.com or follow us on Twitter @Lumesis