Davenport & Company LLC Implements Oyster Solutions, Innovative Trade Supervision Software

Firm implements Oyster Solutions GRC software to stay ahead of increasing surveillance, compliance demands

Davenport & Company LLC, a leading financial firm offering a range of wealth management an financial advisory services for individuals, corporations, institutions, and municipalities, has implemented Oyster Solutions’ trade surveillance and monitoring tool.

Oyster Solutions Governance Risk and Compliance software provide firms like Davenport with scalable technology to conduct trade supervision, surveillance, testing and oversight while accommodating expanding operations and increased regulatory demand.

“At Davenport, we understand that compliance is not just a box to check—it’s a cornerstone of our business philosophy,” said Brian O’Neal, Head of Central Supervision at Davenport. “Our collaboration with Oyster Solutions reflects our dedication to upholding transparency, trust, and regulatory excellence in everything we do. The capabilities that Oyster has provided to us is only matched by their attention to detail and willingness to support us.”

Oyster Solutions Monitor Module

The Oyster Solutions Monitor Module:

• Ingests Pershing’s standard data files and other data files
• Delivers highly tuned trade, account and client-based alerts
• Reduces residual risks
• Operationalizes and aligns surveillance, supervision and compliance

“When you implement Oyster Solutions software, you’ll no longer be flooded with false positive alerts or burdened with legacy systems that don’t meet your trade supervision and surveillance needs,” said Buddy Doyle, CEO of Oyster Consulting. “Oyster Solutions now integrates Pershing data files. We work with you to understand the alert parameters and while driving results during a rapid implementation. Oyster Solutions provides you with alternatives to less responsive providers.”

Oyster Solutions – Additional Features

Other features of Oyster Solutions’ GRC software include:

• Easy visibility, tracking and scheduling of your entire compliance calendar, policies and procedures
• Risk identification, assessment and prioritization
• Centralized, compliant documentation and reporting
• Mutual fund suitability/pricing calculator
• FINRA CAT, CAIS, MSRB, TRACE and AEP reporting

“We are delighted to partner with Davenport in their mission to implement their compliance standards, providing them with valued added service while they embrace innovation,” said Doyle. “We are committed to empowerin financial institutions with robust technology solutions that streamline regulatory compliance processes and foster a culture of integrity.”

Modern Compliance and Trade Supervision Software

Oyster Solutions is a modern, comprehensive governance, risk and compliance platform for the financial services industry. Oyster Solutions integrates data, automates tasks across your organization and gives your users a simple streamlined experience. Our software empowers broker-dealers and investment advisors to navigate complex regulatory landscapes with confidence and efficiency.