Today our client, Subserveo, Inc. (“Subserveo”), a Vancouver, B.C.-based provider of automated compliance and surveillance solutions to broker-dealers and investment advisors throughout the U.S. and Canada, was acquired by DST Systems, Inc. (NYSE:DST – News). Terms of the transaction were not disclosed.
Subserveo, which provides broker-dealers with access to an affordable, rules-based automated compliance solution, will be operated as part of the recently launched DST Brokerage Solutions, further underscoring DST’s commitment to the brokerage marketplace and its vision to address broker-dealers’ unique challenges through an expanded platform of products and solutions.
Subserveo will go to market as DST Subserveo in Canada and will be marketed as the compliance solution within DST Brokerage Solutions in the United States. Shannon Byrne Susko, president of Subserveo, will lead DST Subserveo and will report to Mike Abbaei, DST Brokerage Solutions president.
“With Subserveo, compliance officers and branch managers at broker-dealers can conduct automated oversight of daily trading activity and customer suitability, making compliance initiatives more efficient and cost effective,” said Abbaei. “In addition, broker-dealers benefit from the compliance expertise of the Subserveo team. We are thrilled to have Shannon and her team join the DST Brokerage Solutions organization.”
Through DST Brokerage Solutions, broker-dealers can take advantage of a full array of solutions tailored to meet their unique needs, including:
- Automated Compliance Solution
- Business Strategy, Technology and Operations Consulting
- Brokerage Subaccounting
- Broker-Advisor Portal
- Business Process Management and Workflow
- Portfolio Aggregation, Management and Reporting for Advisors
- Print and Electronic Customer Communications and Output
- Enterprise Social Networking Platform
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