The Product Profiler™ maps product types to the client’s needs and uses a scoring methodology to help determine which mix of investment vehicles or products is best suited for an individual client’s needs.
The RightBRIDGE Annuity Wizard helps financial professionals determine which annuities available on their product shelf are best suited to meet their clients’ needs, objectives and preferences.
The RightBRIDGE® Investment Wizard™ uses the RightBRIDGE® engine to determine the relevance of specific managed investment products for a client’s goals and objectives.
The RightBRIDGE® Life Insurance Wizard™ combines sales intelligence and the RightBRIDGE® AI engine to determine the amount, mix, and type of insurance for a client’s needs and objectives.
The RightBRIDGE® compliance dashboard and case explorer provide home office users with a tool to monitor activity and behavior of users of the RightBRIDGE® applications.
The RightBRIDGE® Suggestion Engine™ is a needs-based AI engine that identifies all relevant client needs and opportunities.
Validate transactions to ensure consistancy with pre-transaction requirements and post-transaction suitability.
Over fifty broker-dealers use RightBRIDGE systems pre-transaction to score, risk rate, and document the actions taken by their financial professionals. Regulations such as Reg BI, DOL rules, and Prohibited Transaction Exemptions such as 2020-02, as well as other state regulations shift much of the compliance and suitability requirements to the pre-transaction process. RightBRIDGE essentially acts as a pre-transaction monitoring system.
Having a consistent pre and post transaction compliance process allows firms to validate pre-transaction requirements once a transaction is completed. RightBRIDGE customers experience significantly fewer flags and issues post-transaction due to the monitoring that takes place before the transaction. However, further monitoring of transactions is required after they are made. This has created a need in the marketplace to synchronize the work RightBRIDGE performs pre-transaction with the reporting and monitoring that occurs post-transaction.
The regulators have made it clear that Reasonably Available Alternatives need to be documented at the account type level, and at the product level. RightBRIDGE provides the tools you need to do both.
The SEC’s Regulation Best Interest (Reg BI) requires financial professionals to not only act in their client’s best interest, but must also “show their work” and show why they are making their recommendation.
Many of the rules and requirements attached to PTE 2020-02 are addressed through functionality already included in RightBRIDGE®. RightBRIDGE® has also added additional functionality to assist financial professionals in navigating PTE 2020-02
