The quality of the investment management reports can be a major element in attracting and keeping clients. Investors expect to be able to get clear information on the investment goal of a portfolio, cost and risk level and information about performance metrics and holdings.
Investors should also have details about the amount of fees attributable to their accounts in the semi-annual or the annual shareholder report, depending on the business. For mutual funds, this might include a breakdown of the total fees that each shareholder pays and a description of how these fees were used to improve the performance of the portfolio.
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 that are maintained by broker-dealers. To be able to provide personalized fee information, a brokerdealer must establish interfaces with the record owners of these omnibus accounts to calculate and distribute this information to each individual shareholder.
Fortunately, technology is accessible to allow these difficult reporting requirements to be met without costly overhauls of internal systems. Clearwater Analytics is an industry-leading SaaS solution that enables growth for over 1,100 clients, including pension plans and government, global insurers, and asset managers. Our platform is fully integrated with the market-leading Broadridge’s Analytics Master Data Warehouse and is accessible via 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.