First Clearing on Tuesday launched a set of services to help firm owners mitigate various business risks before they encountered challenges.
The new offerings are based on the “four pillars” of risk management, including educational support, consulting, events and technology.
“We’re doing a lot of exciting things around education and consulting,” Al Caiazzo, chief risk and quality officer for First Clearing, told ThinkAdvisor on Wednesday. “Many clearing firms provide tech tools, but our affiliation [with Wells Fargo Advisors] has uniquely positioned us in intelligence sharing.”
Caiazzo (left) said First Clearing’s efforts “address the immediate and real risk of cybercrime and information security. That’s front-page news for the whole world. The more information sharing we can do, the more quickly we can come to grips with that as an industry and as a country.”
To educate firm owners on risk management, First Clearing’s new offerings incorporate programs from Wells Fargo Advisors like the College of Risk and events like the annual Compliance Roundtable, which features speakers from self-regulatory organizations, the federal government and the private sector. The College of Risk “was started two years ago to educate managers at all levels on enterprise risk management,” Caiazzo said.