Regulation S-P. What it could mean for you?
Absent any modifying agreements between a firm and a rep, in most states, clients’ personal information is the property of the firm and the firm is responsible for protecting it. But how much do you really know about your client? In many firms, reps hold client data in flimsy databases that lack broader access and protection against theft, fire or computer crash! E*Assist’s web-based CRM allows all client data to be held in a protected, hosted and backed up environment that allows both rep and management to view client records and overall books of business. Reg S-P could be yet another reason to consider automating your company’s data from back-office through to client records.
