Dynamic Wealth Advisors, an advisory and practice development firm based in Scottsdale, Ariz., servicing independently owned advisory practices, has adopted a platform to help its member firms comply with the new Department of Labor regulations and other regulations, Dynamic Wealth Advisors announced Monday.
The platform, BasisCode Compliance LLC, based in Atlanta, provides software to improve compliance management for Dynamic Wealth Advisors RIAs and the 35 independent RIAs for whom it provides back office services.
The BasisCode compliance software platform will be integrated with Dynamic Wealth Advisors’ Wealth360 platform, enabling the firm to document the review of personal securities transactions and report on global advisory transactions and portfolios. The software allows Dynamic Wealth Advisors to track, report and monitor all compliance-related activities, the firm said.