Compliance within the financial industry can be a complicated task. Most systems will not be integrated.

In this guide, we'll look at what Hadrius can offer financial institutions. 

What is Hadrius?

Hadrius is a compliance platform for SEC and FINRA regulated financial institutions. It helps firms manage their various compliance requirements by providing a centralised system. This includes marketing review, communications monitoring, staff oversight, account surveillance and testing.

This platform integrates various compliance functions. It will combine trade data, disclosures and communications to provide investigators with a clear picture of any issues.

Compliance teams can access everything they need to review their policies and trade data. They can also view supporting documents. The AI identifies patterns and makes results easy to find. However, decisions will still be made by compliance professionals.

Features of Hadrius

Hadrius offers a range of compliance functionality.

AI Marketing Review

Firms will need to ensure that marketing materials are compliant with regulations. This platform provides a centralised marketing review. Teams can upload their content and identify potential issues.

You’ll be able to track changes and approvals. This allows teams to understand why certain content was approved.

Communications Monitoring & Archiving

Sometimes compliance issues can come from a simple communication. This system monitors and archives business communications from all supported platforms.

Staff Oversight & Personal Trading

Sometimes employees will trade using personal accounts. This can cause potential conflict of interest. This platform provides a centralised staff oversight.

Account Surveillance

AI account surveillance helps to identify unusual patterns of trading. This helps to identify any potential policy breaches.

Features include:

• Trade ingestion & normalisation from integrated systems.
• Monitoring against restricted lists and trading policies.
• Identifying suspicious patterns & anomalies between accounts.
• Prioritising alerts based on risk.
• Providing context to investigations.
• Tracking alerts & investigations.
• Final compliance decisions.

Automated Testing

This tool helps to provide a testing function. Risk tracking and compliance policies are brought together. Teams can manage their testing, identify issues and organise annual reviews.

Branch Examination

Hadrius also helps to manage branch examinations. You can organise your branch examinations, staff details, keep organisational charts and questionnaires. You can also track remediation.

Use Cases of Hadrius

Hadrius offers a lot more when looking at real world scenarios.

SEC Preparation

Helps to organise documentation for examinations.

Conflict of Interest

Monitors personal trading against restricted lists. Also checks for any blackouts and policies.

Marketing Review

Teams can upload their marketing materials. This helps to identify potential issues.

Multi-Channel Communications Monitoring

Helps to monitor and archive communications.

Multi-Tenant for Compliance Consultants

Many compliance consultants will have multiple clients to manage. This tool provides a multi-tenant environment.

Benefits of Using Hadrius

Multiple Compliance Functions

Combines marketing reviews and staff monitoring.

Evidence Based

Tracks alerts, supporting evidence, investigations, and final decisions.

AI Identifies Potential Issues

Uses AI to identify and organise potential issues.

No Data Retention AI

As financial firms will have sensitive staff and client information, data protection is a key factor.

Suitable for Multiple Financial Organisations

Not just for one type of financial organisation. Can be used for multiple organisations with different compliance needs.

What We Don’t Like About Hadrius

Too Much for Smaller Firms

As this tool combines multiple compliance functions, it can be seen to be quite detailed.

No Published Pricing

No pricing options are published. You will need to contact the sales team.

For Regulated Financial Organisations

It is specifically for SEC- and FINRA regulated financial organisations.

AI Doesn’t Make the Final Decision

Whilst AI can identify suspicious patterns and prioritise potential compliance issues.

Hadrius Pricing Plans

No set pricing options are currently published on the official website.

FAQs

Who should use Hadrius?

Hadrius has been designed for SEC & FINRA regulated financial organisations. This will include Registered Investment Advisers, Broker Dealers, Private Funds and Compliance Consultants.

Does Hadrius use AI?

Yes. Hadrius uses AI to monitor communications, review marketing, monitor trading, prioritise potential risks and organise supporting evidence. Important compliance decisions will be made by humans.

Can Hadrius monitor staff trading?

Yes. Using account surveillance and people oversight, you can monitor staff trading against restricted lists, blackouts and internal trading policies.

Can Hadrius be used for audits?

This tool helps organisations prepare for audits. It will have searchable documentation, testing, investigation history and audit trails.

Is there a free version?

No. There isn’t any public information about a free subscription.

Is it suitable for Small Financial Firms?

It can be suitable for smaller financial firms with complex compliance needs.

Conclusion

Hadrius can help financial firms to get away from having multiple non-integrated compliance systems. Multiple oversight functions are brought together. It combines marketing review, communications monitoring, staff oversight and account surveillance. It also includes testing.

Another great feature is that it links alerts to supporting evidence. This means teams can easily investigate issues without having to search multiple systems.

However, it could be too much for smaller firms. The pricing isn’t available on the website. You’ll need to contact the sales team to understand how much it would cost.

Overall, this is worth considering for RIAs and Broker Dealers. It can also be a good option for Private Funds and Compliance Consultants who may benefit from a centralised system.