The quality of investment fund management reports can play a critical role in the attraction and retention of clients. Investors expect to have access to clear and concise information regarding the fund’s investment goal along with the risk level, costs and objectives in addition to the performance metrics and details of holdings.
Depending on the company the investor is likely to be provided with specific information regarding the amount in dollars of fees that they owe in their semi-annual or annual shareholder report. For mutual funds, the information might include a breakdown on the total fees incurred by each shareholder, as well as an explanation of the method of distributing these fees according to the performance of the fund.
However, presenting this information as part of the overall performance report can prove challenging for many companies. Most investors keep their funds in omnibus accounts with broker-dealers. To provide personalised fee information, a broker-dealer must create interfaces with those who own these accounts to calculate and distribute this information to each shareholder.
Technology enables these complicated requirements for reporting to be met without the need to redesign internal systems. Clearwater Analytics provides an industry leading SaaS solution for investment accounting and reporting, which enables growth for more than 1,100 customers including pension plans, government as well as global asset managers and insurers. Our platform is fully integrated with Broadridge’s Analytics Master Data Warehouse, the leading industry player in this area. It is accessible through a mobile and web-based dashboard application. This enables the delivery of high-quality investment-performance-net-of-fees and other reporting outputs for both client and regulatory purposes.
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