Suitability is a checkbox, not a system
Reg BI treats suitability as a process. Today it lives in PDF disclosures and tribal advisor knowledge. Examiners aren't impressed.
Solution · Broker-dealers
An advisor platform that takes Reg BI seriously.
For broker-dealers operating under SEC and FINRA. Modir handles suitability as a first-class concern, routes to FIX, captures best execution, and produces the audit evidence the next exam demands.
Your problems today
What we hear from broker-dealer COOs.
FIX integration is fragile
Sequence numbers reset, sessions drop, ExecutionReports get lost. You need the boring infrastructure you don't want to build.
Form CRS / Reg BI evidence
Producing the evidence pack for an exam is a project. The same data exists across five systems; reconciling is painful.
How Modir solves them
Three answers, designed together.
Suitability is policy
OPA suitability package; risk tier × instrument risk; concentration limits; senior-advisor override with reason capture. Defensible to FINRA.
QuickFIX/J 2.3 in production
Spring Boot gateway; persistent sequence numbers; failover; embedded simulator for staging. Stop maintaining your own.
Exam-ready evidence
Hash-chained audit; signed exports; suitability narrative; best-execution log. The exam pack is a single command, not a project.
Eleven-state order machine
From new to filled, every state is observable, audited, and recoverable. Pre-trade OPA gates approval; post-trade ExecutionReports reconcile.
Reg BI / Form CRS in the document pipeline
Carbone templates produce locale-aware Reg BI and Form CRS disclosures; DocuSeal e-signs them; the audit chain anchors the artifact.
Best-execution log
Every order's routing, prices, venues, fills are logged with timestamps. The exam pack assembles the narrative on demand.
Pilot scope
Eight weeks. One desk live.
Discovery
Custodian, clearing firm, FIX counterparty, suitability rules.
Provision
FIX session config; OPA suitability package customized for your risk taxonomy.
Migrate
One desk; ten advisors; their books and order history backfilled.
Go live
First live trades; second-week best-execution report; first exam pack on demand.
An exam pack used to take eleven days to assemble. Now it's a single Modir command. The auditor literally asked us how we did it.
Broker-dealer COO — Illustrative
Customer story
How Atlantic Wealth made Reg BI auditable.
United States · Broker-dealer · RIAIllustrative
Atlantic Wealth
Reg-BI-ready advisor platform; pre-trade OPA, FIX gateway, and a hash-chained audit trail produced exam packs on demand.
Broker-dealer workshop
Walk an order through pre-trade to fill, in front of you.
Bring a sample blotter; we will route it through pre-trade OPA, the FIX simulator, and back as ExecutionReports.