AdvisorAssist, a regulatory compliance and business risk management consulting firm, announced the rollout of its updated compliance intelligence engine, AdvisorCloud 360.

AdvisorCloud 360 is the evolution of AdvisorAssist’s proprietary compliance engine, AdvisorCloud, which supports over 500 advisory firms and over 3,000 supervised persons in meeting their annual compliance obligations. AdvisorCloud 360 allows advisors to have direct access to AdvisorAssist’s internal compliance engine for compliance management and testing.

One of the main enhancements in AdvisorCloud 360 is “CRAFT,” a Compliance task, Risk Assessment and Forensic Testing program. AdvisorAssist designed CRAFT to give chief compliance officers the ability to create and manage the internal review, analysis, forensic testing, reporting, and remediation action items required under the Investment Advisers Act of 1940 and comparable State Regulations.