Member Spotlight - portfolio aid

 
​Meet Sam Webster President of Portfolio Aid


Tell us a little about your organization and why you got into this space?
 
Founded in Toronto in 2001, PortfolioAid provides investment dealers with market leading RegTech, encompassing trade surveillance, KYC suitability monitoring, business intelligence, and inquiry case management.
 
PortfolioAid empowers compliance officers, field supervisors, and investment advisory teams to work efficiently with one another to ensure supervision controls are adhered to. PortfolioAid believes investment advisors will demonstrate positive compliance practices if given access to the right regulatory technology and insight on how to do so. 

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Who are your clients and what types of regulatory challenges are they facing?
 
PortfolioAid’s principle clients are Canadian investment dealers. PortfolioAid helps them find the regulatory needles in the haystack so they can effectively monitor and right-size their compliance staffing in the midst of persistent regulatory change. PortfolioAid also deploys technology for securities regulators so that they can adopt a uniform methodology for compliance audits.
 
What type of emerging technology do you think will have the greatest impact on your business/industry?
 
The power of cloud computing, married with machine learning and artificial intelligence, will have the greatest impact on our business. It is no longer feasible to manage evolving regulatory responsibilities with human capital alone, therefore advanced technology solutions will be relied upon to improve compliance efficiencies and mitigate financial, regulatory, and reputational risk.  
 
Why did you join the CRTA? How do you think the CRTA will help your business (industry)?
 
When a technology vendor is first to market it can be both positive, as there is no direct competition, and negative, as it rests entirely upon that vendor to educate the market on the validity of its solution. PortfolioAid joined the CRTA because of its like interest in educating the market and its ability to amplify the messaging from technology vendors, like PortfolioAid, who are trying to help their clients improve productivity, gain efficiencies, and ultimately be positioned to grow their businesses effectively.