(P. McKay Marschalk Jr., CFA, vice president, director, reporting and distribution product management at FactSet, took time out of his busy schedule to answer questions about current data demands, outsourcing vs. internal control, third-party databases and questionnaires, and FactSet’s embrace of a generative A.I. commentary solution. The through-line for all of these concerns is maintaining… Read More >>
Confluence Helps Firm Comply with SEC Marketing Rule
Annex Wealth Management reports that it has signed on to use the Revolution Composites solution from Confluence Technologies for composite calculations, to scale its composite reporting just in time to meet regulatory requirements such as the SEC Marketing Rule, officials say. Revolution Composites is “a cloud-based product delivered through our web-based Revolution portal” that processes… Read More >>
Dismantling Data Silos Boosts Regulatory Compliance
(As performance and client reporting teams — and other internal groups — gear up to comply with the SEC Marketing Rule, Form ADV, and Reg BI, they will welcome the end of data silos, says Rab Govil, CEO and founder of Naehas, a provider of customer engagement and compliance automation solutions. Govil, who has been… Read More >>
Meet Your PMCR Chairperson: Ambika D’Souza
(Ambika D’Souza, CIPM, CSPO, is serving as the chairperson for Financial Technology Forum’s Performance Measurement & Client Reporting conference and is an advisory board member for the FTF event on Feb. 29. D’Souza agreed to do a Q&A about her more than 25 years of performance and analytics experience. She was formerly a vice president… Read More >>
Hearsay Updates System as SEC Readies New Rules
Financial services firms have about six weeks to comply with a new SEC rule that regards testimonials as advertisements, and many perceive the changes they will need to make as daunting. Hearsay Systems, a social media compliance, and digital client engagement provider, reports that it has updated its compliance capabilities to help firms come up… Read More >>
ESG Boosts Client Engagement via Social Media: Q&A
(A survey conducted by digital client engagement vendor Hearsay Systems, which focuses on financial services markets, has revealed that “principles-based messaging” is achieving the highest engagement rates for financial services firms, particularly financial advisors and agents. Such messaging refers to Environmental, Social, and Governance (ESG) criteria, and efforts to involve more women and more diversity… Read More >>
Janus Henderson Moves to Cloud-Based Data Platform
Active asset manager Janus Henderson has begun an implementation of a global, cloud-based, investment data management platform that will eventually yield a consolidated, unified data store. The new cloud-based platform from BNY Mellon, a custodian bank and service provider, is intended help clients centralize and better manage complex investment assets, officials say. A cloud-based solution… Read More >>
Why Client Reporting No Longer Burdens Firms: Q&A
(The client reporting space has come a long way since the days when it was viewed as only a back-office, administrative function, says Stuart Keeler who is managing director of SimCorp’s Coric offering. Over the years, the potential of optimal client reporting has been historically underestimated, Keeler adds. At SimCorp, Keeler oversees the growth of… Read More >>
Nasdaq to Buy eVestment for $705 Million
eVestment to Join Nasdaq’s Global Information Services Group The Nasdaq Stock Market is moving to acquire vendor eVestment, a content and analytics provider, in a bid by the exchanges company to “deliver attractive shareholder returns” via a company whose client base includes asset managers, investment consultants and asset owners, officials report. Nasdaq will pay $705… Read More >>
Some Firms Still Favor Manual Client Reporting: Survey
SS&C Survey Focuses on Client Reporting Investor clients are demanding more data from financial services firms but many firms are still relying on manual processes to pull together reports, according to a report sponsored by SS&C Technologies, a financial services software and services vendor. The survey results uncovered that while 100 percent of respondents say… Read More >>
