The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Top Broker-Dealers Choose DPC Data’s MuniPoints To Streamline Compliance While Improving Client Service

DPC Data, a provider of municipal bond disclosure data, research and data services, today announced that six top-tier and large regional broker-dealers and wealth management firms have adopted MuniPoints for rapid bond research and disclosure to investors. In an average week, tens of thousands of MuniPoints summaries are being accessed by dealers and risk managers to rapidly identify deal terms, determine risk profiles, and communicate disclosure information to clients prior to sales. Currently, over 40,000 individual reps have access to MuniPoints through their real-time offering systems.

MuniPoints is the fastest way to obtain key bond facts. Available online or easily integrated into proprietary workflow and client communications, MuniPoints are concise, easy-to-read deal summaries containing “just the facts” in bullet-point text, excerpted directly from the official statements with no analytical content. When e-mailed by dealers to clients with embedded links to all related disclosure documents, they make a clear statement that the dealer cares enough to make point-of-sale research easy and fast for clients.

“It is clear now after the MSRB’s July interpretive Notice 2009-42 and increasing enforcement efforts by Finra, broker-dealers need a better way to meet their disclosure obligations to investors and establish clear internal procedures to support compliance,” said Peter Schmitt, CEO of DPC Data. “MuniPoints, especially when combined with built-in access to relevant disclosure documents, addresses these challenges in a simple and convenient way. It cuts cost and time for the broker-dealer, and it makes the rep look very smart when provided to clients as a pre-sale disclosure package.”

New users of MuniPoints include four of the top ten dealers in municipal bonds, as well as two large regional dealers and wealth management firms with operations from coast to coast.

“MuniPoints is a perfect win-win for the broker-dealer community,” notes Michael Ruvo, president of DPC Data. “We’re seeing extraordinary interest from both traditional and online brokers. One of the large national broker-dealers has reported back to us that MuniPoints significantly reduced time required to select suitable investments for clients and virtually eliminated the effort involved in preparing a pre-sale disclosure package for the client.”

Related content

WEBINAR

Recorded Webinar: Fighting fraud and financial crime with RegTech

Financial fraud and crime continue to escalate causing significant damage to companies, countries and the global economy despite enormous efforts by firms and organisations in the financial services sector to identify and expel bad actors. As these bad actors use increasingly sophisticated techniques to break into financial institutions and extract both money and data, so...

BLOG

IHS Markit Releases Automated Onboarding Platform for Fund Managers and Administrators

IHS Markit has released Investor Onboarding, a fully hosted, digital onboarding platform enabling firms to automate, integrate and centralise onboarding and compliance obligations, while simplifying and accelerating the onboarding experience for investors. The platform allows users to input data once, creating a golden source that populates multiple forms, including subscription agreements and tax forms. Data...

EVENT

A-Team Innovation Summit

The Innovation Summit will showcase the latest cutting edge and state of the art technology and data driven innovations taking place in capital markets and will explore progress in shifting to digital and agile operating models, to enable transformative change, faster speed to market and a competitive edge.

GUIDE

Regulatory Data Handbook 2021/2022 – Ninth Edition

Welcome to the ninth edition of A-Team Group’s Regulatory Data Handbook, a publication dedicated to helping you gain a full understanding of regulations related to your organisation from the details of requirements to best practice implementation. This edition of the handbook includes a focus on regulations being rolled out to bring order and standardisation to...