One of the most frequent issues we see for Broker-Dealers going through a regulatory review is the lack of a product committee operating in line with expectations.
What is it: Like the foundation of a house, it is a governing body who manages your product shelf (approvals, removals, and active products).
Why do you need one: Regulators expect it; it formalizes required documentation and manages risk by gaining insights and approvals from different functions in an organization. The good ones can even help grow the top line.
It doesn't have to be onerous, but it does have to be right: governance, attendees, documentation, quorum, managing conflicts, etc. To see our Product Committee In a Box, please click below (free Webinar, Check List, and Starter Charter).
Everything you need to get started. Take a look then give us a call or email, we are here to help.
One of our clients described what we do this way: DDW does the legwork so we can focus on the headwork.
We never thought of it that way, but that succinctly describes what we do. Here’s what we think that means.
DDW will deliver the three pieces of our DDW Due Diligence Process:
And if you subscribe to our Product Shelf Optimization service, we will also share with you where a specific product fits or doesn’t fit with your current product shelf.
Our Product Shelf Optimization service can help you shrink the number of products you offer without adversely affecting your products sales volume. Often we can also upgrade the quality of your product shelf and better serve all of the needs of your customer base.