HedgeOp Teams With Yodlee To Streamline Compliance Workflow

Sep 23 2010 | 4:38pm ET

HedgeOp Compliance, which specializes in compliance software and consulting services for investment advisers and hedge fund managers, has upgraded its ELF Platform (Employee Level Filing) with electronic linkages to over 2,800 different brokerage institutions.

The firm is using new technology created by Yodlee, which is a leading provider of online personal financial management and revenue‐generating payments solutions and services.

The ELF v.2.0 "Code of Ethics Platform" contains a streamlined compliance workflow designed by the compliance professionals at HedgeOp and a new user interface created to increase user functionality while simplifying the process for employees through automation. The version 2.0 release of the ELF Platform is part of HedgeOp’s larger ComplianceTrak application, but will now be available on a stand‐alone basis.

Integration with ELF is the first time that Yodlee technology is being utilized in the personal trading compliance space. More than 200 leading financial institutions and portals today offer Yodlee powered PFM and payments solutions used by over 25 million consumers worldwide for secure and proactive online money management.

“ELF version 2.0 will change the way that advisers look at personal trading compliance,” said William Mulligan, managing partner and CEO of HedgeOp Compliance. “The seamless connections to over 2,800 brokers offers the most connectivity in the industry and enables employees to quickly and securely link their brokerage accounts for seamless compliance reporting, eliminating a 3‐4 week lag in data from traditional broker feeds and management of paper statements.”

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