Wealth management firms rely on a wide range of third-party vendors — from custodians and fintech platforms to marketing partners, compliance consultants, and AI-powered tools. These relationships are essential for delivering services efficiently, but they also introduce risk.
Effective vendor management goes beyond operational efficiency. It’s about protecting sensitive client data, maintaining trust, controlling costs, and ensuring business continuity — all while meeting regulatory expectations and upholding fiduciary responsibilities. Use this checklist as a guide.
Download this checklist to learn:
- Actionable steps for your third-party risk management program
- Key components to TPRM governance documents
- Steps for the TPRM lifecycle
- And much more!
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