Wolters Kluwer Financial Services has expanded its consulting services for US securities and insurance firms to help them better address the growing challenges of enterprise risk management.
A Wolters Kluwer Financial Services survey of nearly 185 professionals working at broker-dealers, investment advisors, hedge funds and other types of securities firms, showed more than 80% of the respondents are concerned about managing risk within their organizations.
The company said the expanded offering builds upon its risk-focused consulting services in the banking market and also complements the company’s ARC Logics enterprise risk management tool for financial organizations.
Wolters Kluwer Financial Services vice president and general manager of enterprise risk compliance Todd Cooper said with their strong industry experience, their consultants can tailor risk assessments to a company’s strategic initiatives, while also taking into consideration what is currently happening within the regulatory environment.
"With proper risk analysis and reporting capabilities, financial firms are better positioned to make effective decisions and meet the overall goals of the business," Cooper added.