Bates Group Announces the Bates Investor Risk Assessment to Protect Broker-Dealers and Registered Investment Advisors and Their Most Vulnerable Investors

September 12, 2018

LAKE OSWEGO, Ore.--(BUSINESS WIRE)--Sep 12, 2018--Bates Group LLC, the nation’s leading consulting firm for the financial services industry, introduced Bates Investor Risk Assessment (BIRA), a unique program to help broker-dealers and registered investment advisors (RIAs) protect their firm and most vulnerable clients — seniors, retirees, minors, and those with diminished capacity — while continuing to meet regulatory expectations.

“Protecting vulnerable investors is a priority for all firms and regulators. Our exclusive new risk assessment program employs a systematic analytical approach to address the growing risks for these individuals,” said Robert Lavigne, Managing Director of Bates Group’s Compliance Solutions.

Through the BIRA program, Bates Group assists broker-dealers and RIAs to proactively identify high-risk accounts so that firms can promptly take preventive measures. The BIRA program focuses on the use of specialized analytics to identify key risk indicators, some of which may lie buried in firm data, and highlight individual at-risk investors, or high-risk areas, for review. Recommendations, including customized models to integrate multiple data types, and addressing issues of governance, escalation protocols, process flows and reporting, may also be developed to help keep firms and their clients from potential exposure and harm.

BIRA helps guard vulnerable investors from potential bad actors and helps protect broker-dealers and RIAs from inefficient use of resources, legal exposure, reputational harm, regulatory penalties, and financial loss.

Bates Group is a national leader in providing vulnerable and senior investor expertise, expert testimony, and analytical techniques to help financial services firms manage risk, minimize regulatory scrutiny, and prevent fraud and reputational harm. For more information, visit https://www.batesgroup.com/service/bates-investor-risk-assessment or call 1 (888) 960-2809.

About Bates Group:

Bates Group ( https://www.batesgroup.com ) has been a trusted partner to our financial services clients and their counsel for over 30 years, delivering superior quality and results on a cost-effective basis. Voted a Best Securities Litigation Consulting Firm by readers of the New York Law Journal and a 2017 NYLJ Hall of Fame service provider, Bates provides end-to-end solutions throughout the lifecycle of your legal, regulatory, and compliance matters. With a roster of over 135 financial industry experts, Bates offers services in litigation consultation and testimony, regulatory and internal investigations, AML and financial crimes, compliance solutions, and damages consulting.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180912005198/en/

CONTACT: For Bates Group LLC

Don Goncalves, 781-793-9380




SOURCE: Bates Group LLC

Copyright Business Wire 2018.

PUB: 09/12/2018 09:30 AM/DISC: 09/12/2018 09:30 AM


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