The quality of the reports on investment management can be a key aspect in attracting and maintaining clients. Investors expect to have a clear overview of the investment objectives of a portfolio cost, risk and risk levels and information on performance metrics and holdings.
Based on the type of business the investor is likely to see detailed information on the dollar amount of fees that they owe in their annual or semi-annual shareholder report. In the case of mutual funds, this may include a breakdown of the total fee amounts paid by each individual shareholder and an explanation of how those fees were assigned to the performance of the portfolio.
However, providing this information within the context of the overall performance report could be a challenge for a lot of companies. Since the majority of investors have their funds in accounts that are omnibus with broker-dealers. To provide personalised fee information, a broker-dealer must establish interfaces with the record owners of these accounts to calculate and distribute this information to each shareholder.
Fortunately, technology is accessible to allow these complicated requirements for reporting to be met without costly overhauls of internal systems. Clearwater Analytics provides an industry leading SaaS solution for investment accounting and reporting, enabling growth for more than 1,100 customers including pension plans, government, global insurers and asset managers. Our platform is fully integrated with Broadridge’s Analytics Master Data Warehouse, the market leader in this field. It is accessible via a mobile or 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.