Independent wealth management firm Echelon Wealth Partners Inc (“Echelon”) has materially enhanced its regulatory capacity and efficiency to the benefit of its clients and advisors by integrating the innovative VCSOpen+ compliance platform from VigilantCS.
VCSOpen+ empowers organizations to better administer and manage core staff compliance requirements. Available via a cloud-based application, it offers one central staff-facing portal for efficiency and is updated automatically. A cost-effective solution with a flexible design, it can accommodate various regulatory regimes and jurisdictions. That makes VCSOpen an excellent fit for Echelon, servicing 60 advisor teams in their offices across Canada with IIROC and insurance businesses.
VCSOpen+ integrates eight different compliance capabilities/features: corporate registry, location registry, staff registration management, continuing education tracking, gift and entertainment log, co-op marketing log, complaint and incident log and a compliance calendar to enable firms to meet their staff regulatory obligations. VCSOpen+ is easily integrated and essential staff compliance resources. VCS Pro, is now in the late-stage/pre-launch development phase.
“VCSOpen+ met our need for a cost-effective, fully digital solution for our staff compliance management needs,” says Echelon Wealth Partners’ Chief Compliance Officer Louis Cavalaris. “As a growing firm with a presence in 10 Canadian centres, we can’t manage as effectively using paper-based alternatives; we need a smart solution that can keep up with and properly support our requirements,” says Cavalaris.
“By opting for VCSOpen+, Echelon Wealth Partners has shown its willingness to invest in compliant staff conduct and has achieved added internal efficiencies,” says VigilantCS CEO and Co-founder Robert Kirwin. “With VCSOpen+, Echelon is effectively managing its compliance costs, decreasing the risk of failing to meet it compliance obligations, and is improving its advisors’ compliance experience.”
About Echelon Wealth Partners
Echelon Wealth Partners Inc. is a Canadian independent wealth management and capital markets firm known for its client-centred approach and innovative, entrepreneurial spirit. The company has approximately 60 advisor and portfolio manager teams with more than $6 billion in assets under administration and management. Echelon offers a wide range of financial services for individuals, households, institutions and corporate clients from its offices in Toronto, Oakville, Ottawa, London, Montreal, Saskatoon, Calgary, Edmonton, Vancouver and Victoria. Echelon Wealth Partners is a member firm of the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF). echelonpartners.com.