One of our clients came to us with a problem; how to meet property transmit rules for managed money and mutual funds. Our solution: a workflow module for tracking, monitoring and reporting on the location and status of customer funds.

We started the conversation by identifying how the system would be utilized. This gave us information used to devise our initial design. We employed our existing workflow architecture to create a solution that allows an advisor to input their received assets, allows operations and compliance users to view and track the assets and transmit them to their desired destination.

Throughout the project we were faced with rapidly shifting client needs, which were being driven by FINRA and audit guidelines. Due to the nature of the expanded requirements, and the risk of not being in compliance, our rapid development methodology and practices were a perfect fit for solving this problem, both accurately and within the confines of a strict timeline. Several revisions were developed that evolved and simplified the process within ever-changing regulatory exigencies. User roles, access constraints, audit reports, real-time tracking, reporting of assets in transit, reserve calculations, historic reporting, operations processing and compliance review options were all taken into account.

In the end, we provided an auditable, scalable and compliant asset tracking and reporting module that works for both the broker-dealer and regulatory groups.

This is one of many examples demonstrating Terrapin’s ability to swiftly and efficiently help our clients adapt to the ever-changing regulatory demands of the industry. To learn more about how Terrapin can help your firm mitigate risk and be successful at compliance, email us at or give us a call at 612-244-2300.

Terrapin Technologies provides data management solutions and a strategic partnership approach to integrate all areas of a broker-dealer’s operations including accounting, CRM, commissions, compensation, compliance, and sales reporting. When Terrapin introduced Pandia in 1995, it became one of the first solution providers to offer a secure web-based application designed specifically for broker-dealers. Pandia is an integrated and scalable suite of tools and services that gives broker-dealers the knowledge and flexibility they need to run an efficient and growing business. Terrapin Technologies is a privately held company located in Minneapolis, Minnesota.

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