The new WealthComplete Premier product enhances overall model performance while helping clients to address fair banking limitations by avoiding use of protected-class demographic attributes (e.g., age, marital status, presence of children).
WealthComplete Premier also does not use income in the model. Firms can use WealthComplete Premier to help satisfy internal compliance requirements, help prepare for regulatory reviews and address disparate impact inquiries, and help meet Community Reinvestment Act (CRA) guidelines.