RIA in a Box, a leading provider of compliance, operations and registration software and services solutions for the wealth management industry, announced the release of an open API for its MyRIACompliance tool. The development was announced at Technology Tools for Today (T3) Advisor Conference in San Diego.
RIA in a Box’s open API will allow for technology providers and RIA firms to connect into the MyRIACompliance platform to ensure that compliance requirements are addressed quickly. One use-case includes integrating third-party data sources from portfolio management systems with the MyRIACompliance software to allow firms to seamlessly track registrations and notice filings in real-time. RIA in a Box already integrates with several portfolio management systems and the addition of the open API will allow other vendors to plug into the system which helps firms to ensure consistent and accurate registration and Form ADV filings.
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The other use-case for the new open API allows for integrations with additional CRM solutions providers to view and complete tailored regulatory compliance tasks all within the CRM’s task and calendar system. This type of integration allows for increased engagement with clients, streamlined operations, and automated completion of regulatory compliance requirements. It also removes the need for an RIA firm to manage multiple calendars or log into multiple software systems and automatically stores all compliance activities completed within the CRM in the firm’s MyRIACompliance digital compliance log.
Additionally, through the open API architecture that is now available, it is possible for RIA in a Box to add new use cases for the API as technology providers and RIA firms seek various ways to connect directly into MyRIACompliance, either by accessing their data to display into other dashboards, or by pushing relevant data from other technology systems into MyRIACompliance.
“It was important for us to develop the open API for MyRIACompliance because we understand that we are a critical compliance technology and data hub for thousands of firms around the country,” said GJ King, president at RIA in a Box. “By unveiling this API, we invite other leading technology providers in the industry and even RIA firms themselves to push data into our system to save compliance officers time and create deeper integrations within the tech stack.”
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