AdvisorVault Introduces their 17a-4 Managed 365 Service. A
unique option specifically for small FINRA firms needing to meet
compliance on the Microsoft Cloud.
NEW
YORK, Sept. 8, 2024 /PRNewswire/ -- The
AdvisorVault's 17a-4 Managed 365 Service includes full
migration to Microsoft 365, a FINRA approved cybersecurity add on
with a plug-in archiving data off the Microsoft cloud meeting the
long-term electronic records retention & supervisory demands of
rule 17a-4 with the D3P service and attestation letters - bundled
in one product.
"FINRA firms have been approaching us lately, even ones already on
Microsoft 365 worried about 17a-4 compliance," said Allan Lonz, President of AdvisorVault. "I
mean, some were using generic cloud service providers, others were
on Google Workspace, but they weren't meeting rule 17a-4:
they surely had gaps; data wasn't backed up; records on the
cloud definitely weren't being retained for 17a-4, worst thing
though, employees weren't cybersecure on the cloud, not by FINRA
standards, in reality they were risking audit failure any day,"
Lonz added.
AdvisorVault's 17a-4 Managed 365 Service: Getting FINRA
Firms Compliant on the Microsoft Cloud
Although the cloud is the best option for small FINRA firms,
(Microsoft 365 ideally with all its features) by default its
not 17a-4 compliant & it has lots of gaps out-of-the-box.
Also, problem is few providers know how to make the cloud
17a-4 compliant - Microsoft themselves won't support compliance
& Google lacks the tools needed to meet 17a-4.
AdvisorVault's 17a-4 Managed 365 Service is the answer for
small FINRA firms needing compliance on the Microsoft cloud.
Essentially, firms benefit using AdvisorVault by getting a
Managed 365 Cloud provider who is ALSO a designated FINRA 17a-4
D3P able to meet today's demands by setting up a fully
compliant Microsoft Cloud for firms. In addition, the service
includes all key services for one flat monthly fee with everything
needed to keep FINRA happy with a move to the cloud.
- Migrate to Microsoft 365: We take ownership of a
firm's 365 tenant to fully move in-house data consolidate records
on 365; move users' files off personal PCs to OneDrive; migrate
data stored on servers to company SharePoint sites; message
compliance; email accounts migrated to Exchange Online;
private/group chats on Teams configured - ready for 17a-4
archiving.
- Cybersecurity: Apply FINRA level best-practice
cybersecurity policies on Microsoft 365; detect, respond &
recover from cyber incidents; notifications sent to compliance
officers & IT staff; detection of sign-in from unusual
locations, unknown devices, suspicious mailbox activities, account
creation/deletion, public sharing of company data with audit
logging enabled on the cloud
- Cloud Archiving Plug-in: Archive records off the cloud
to a secondary 17a-4 compliant system; includes emails, OneDrive
& SharePoint data, Teams chats archived with granular
protection to restore individual emails, files, contacts, calendar
items and Teams chats; with a supervisory interface for searching,
flagging, keyword detection; download sample sets of data to PST
and zip file format for regulators during audits.
- The FINRA D3P: Provide firms the two 17a-4 third
party storage notification letters; preserving firms records in a
non-rewriteable format for 7 yrs; verify automatically the quality
of the archiving and index process; respond to requests by FINRA
(or SEC) for access to firms records within 48 hrs. if requested
independently of the firm.
About AdvisorVault
AdvisorVault is a FINRA D3P with a turn-key approach including the
archiving, retention, and supervision of electronic records–
in-house or in the cloud. Including the FINRA third-party service
with all the required documentation. For one flat monthly fee it's
the only fully 17a-4 compliant option providing complete peace of
mind.
To learn more how AdvisorVault can help your firm get 17a-4
compliant on Microsoft 365 contact us today:
Allan Lonz - President
1-866-732-1407
alonz@advisorvault.com
www.advisorvault.com
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https://www.prlog.org/13037381
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SOURCE AdvisorVault