The quality of investment management reports can be a significant element in attracting and keeping clients. Investors want access to clear information about the investment goals of their portfolio along with the risk level, costs and objectives in addition to performance metrics and holding details.
Investors will also need detailed information on the amount of the fees that are attributable to their account in the semi-annual or annual shareholder report, based on the business. In the case of mutual funds, this could include a breakdown of total fees paid by each shareholder and a description of how these fees were assigned to the performance of the portfolio.
However, providing this information as part of the overall performance report could prove challenging for many companies. In the end, most investors have their funds in an omnibus account with broker-dealers. To give personalized fee information, a broker-dealer must develop interfaces with record owners of these accounts to calculate and distribute this information to each shareholder.
Fortunately, technology is accessible to allow these complicated reporting requirements to be met without costly changes to internal systems. Clearwater Analytics is an industry-leading SaaS solution that allows growth for more than 1,100 clients, including pension plans, government globally-based insurers, as well as asset managers. Our platform is fully integrated with Broadridge’s Analytics Master Data Warehouse, the leader in this area. It can be accessed through a mobile and web dashboard application. This enables the delivery of high-quality investment-performance-net-of-fees and other reporting outputs for both client and regulatory purposes.
