Edward Jones Connects Global Compliance Processes with Complinet Policy Manager

February 25, 2008


Edward Jones Connects Global Compliance Processes with Complinet Policy Manager

The Brokerage Firm Rolls out Complinet across US, UK and Canadian Offices -

LONDON & NEW YORK--(BUSINESS WIRE)--Complinet, the leading provider of dynamic and connected risk and compliance solutions to the global financial services industry, has announced that financial-services firm Edward Jones has selected Complinet Policy Manager for use by its compliance functions in the United States, Canada and the United Kingdom.

Designed specifically for the compliance professionals and compliance departments that want an alternative to dated paper-based approaches of managing policy manuals, Complinet Policy Manager is a web-based solution which tracks external rule changes across the globe and dynamically links them to internal policies.

It was selected by Edward Jones as a solution that would allow synchronization of its operations’ compliance manuals in different parts of the world. Complinet Policy Manager will provide Edward Jones’ global compliance team access to consistent information and will increase the speed of policy adoption and minimize duplicated effort.

Complinet Policy Manager tracks rules and regulations across the globe and actively maintains a 'live' relationship between these external regulatory changes and the organizations’ internal corporate policies that they affect. The business is assured that its policies are updated as, or even before, the changes come into force in the markets and geographies in which it operates.

With built-in workflow, Complinet Policy Manager ensures that any changes are effectively communicated within the organization, with updates sent to all relevant individuals including compliance professionals and legal teams.

Pam Cavness, principal responsible for compliance at Edward Jones said: “We chose Complinet for its expertise in resolving global regulatory compliance challenges, and the proven track record it has with some of the world’s largest and most-respected financial services firms. The days of the dust-laden policy manuals have gone, and compliance professionals need to deploy workflow-based technologies such as Policy Manager to track and connect the vast number of external regulations with their internal policies.”

Paul Johns, chief marketing officer at Complinet said: “Over the past year, the financial sector has been subjected to extensive regulatory developments and preparing for compliance over the year ahead should be a priority for businesses. Edward Jones is a very reputable brokerage firm that is extremely conscientious in its approach to customer service. This best practice is also reflected in the company’s streamlining of its global regulatory compliance mechanisms. We welcome Edward Jones as a new customer and we are very pleased to be able to assist the company with its global compliance objectives.”

About Edward Jones

Edward Jones provides financial services for individual investors in the United States and, through its affiliates, in Canada and the United Kingdom. Every aspect of the firm’s business, from the types of investment options offered to the location of branch offices, is designed to cater to individual investors in the communities in which they live and work.

The firm’s 10,000-plus financial advisors work directly with more than 7 million clients to understand their personal goals – from college savings to retirement – and create long-term strategies for their investments which emphasize a well-balanced portfolio and a buy-and hold strategy. Edward Jones embraces the importance of building long-term, face-to-face relationships with clients, helping them to understand and make sense of the investment options available today. Edward Jones is headquartered in St. Louis, Mo. The firm's interactive Web site is located at www.edwardjones.com and its recruiting Web site is www.careers.edwardjones.com.

About Complinet

Complinet is the leading provider of dynamic and connected risk and compliance solutions to the global financial services industry.

The company’s solutions minimize exposure to risk by providing the information and technology to track and connect live external events, such as regulatory or sanction changes, with internal policy management and screening activities.

Complinet was founded in 1997 and employs more than 200 people in its offices in New York, London and Dubai. Every day, industry professionals in more than 1,200 firms across 81 countries rely on Complinet to provide information, analysis and solutions that help them keep pace with changing regulations.

In August 2007, Financial News named Complinet as one of the 21 technology companies most likely to shape the future of the financial services industry.



Contacts
North America
Prompt Communications LLC
Lisa Facinelli or Maryellen Cronin, +1 617-576-5763
lfacinelli@prompt-communications.com
or
UK
Prompt Communications Ltd
Sally Forge or Tarryn Morley, +44 208 996 1650
sforge@prompt-communications.com