Getting AUM Right

When it Comes to Asset Manager Database Searches, AUM is More Important than You Might Think

AUM is one of the most important data elements in asset manager databases. Firm, asset class and product AUMs are among the first things database users screen for when they are doing searches, and many database providers rely those numbers to calculate other key search values such as asset flows into and out of the firm and their strategies. 

If the data isn’t input as soon as possible after the end of the quarter—or if the values provided raise red flags—asset managers risk being excluded from searches and having their operational integrity questioned by consultants and clients. eVestment, one of the largest global asset manager database providers, reports that databases are now being analyzed three and four days into the quarter.   Read more…

Welcome to Richard L. Cowan, Assette’s new Director of Sales!

We’re thrilled to announce that Richard L. Cowan has joined us as Director of Sales. Rich leads the Assette team in developing new relationships with institutional asset managers throughout North America. His focus is on helping clients improve efficiency, reduce risk, and differentiate their investment process from competitors as they grow their AUM.

About Rich

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GIPS® Year-end Review and Testing Checklist

As year-end approaches, it’s a great time for asset management firms who claim compliance with the Global Investment Performance Standards (GIPS®) to do a thorough review of their GIPS program’s policies and procedures.

Guardian Performance Solutions’ Amy Jones, CIPM, and Arin Stancil, CFA, CIPM, recently co-authored an article for NSCP’s “Currents” that tells you everything you need to do to ensure your firm’s GIPS program and statistics are in compliance ahead of the year-end reporting crunch.

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7 Best Practices for Asset Management Database Success

Providing data to multiple databases is a fact of life if institutional asset managers want to compete in new business opportunities.

The most important thing a manager can do to ensure success is to avoid triggering red flags that will exclude them from consideration by consultants and asset owners.  That means data inputs must be timely, accurate and consistent across multiple databases for every single reporting period.

Sounds simple, right?

It’s not.

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Welcome Joe Devlin, our new Director of Client Service!

Here at Assette, we’re obsessed with providing the best client service in the industry.  In support of our ongoing commitment to that effort, we’re thrilled to announce that Joseph P. Devlin, CFA, is joining our great team as Director of Client Service. He’ll be responsible for the overall management of all client relationships, and he’ll also be developing more educational content for our Help site to make it even easier for clients to use Assette.

About Joe

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6 SEC Compliance Gotchas in Marketing Materials—and How to Avoid Them

Year-end is fast approaching, and now’s a great time to make sure all your compliance ducks are in a row.

According to compliance expert Amy Jones, CIPM, founder and principal at Guardian Performance Solutions, LLC, “Investment advisers are constantly struggling with how to navigate the Advertising Rule and tell their story without inadvertently committing violations. The OCIE Risk Alert is a great tool for these firms so that they can see the type of problems other firms have had and to help them avoid making the same mistakes.”

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3 Must-have Features When Automating the Last Mile

There’s no doubt that automation is the best way to eliminate last-mile risks. Automating the last mile is easy and cost-effective. There are lots of options. You can develop in-house software, purchase and install on-premises applications, or sign up for cloud-based services.

No matter which approach you choose, make sure your automated solution:

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3 Last-Mile Questions Every CCO Should Ask their Marketing/Operations Staff

Operation due diligence staff at asset owners—and their consultants—have become aware of last-mile issues at investment management firms, and many are now asking asset managers probing questions about how they handle the last mile.

Our advice: Forewarned is forearmed! Don’t let your firm be caught off guard by inquiries into your last-mile policies and procedures. Your marketing/operations staff should be able to answer the three questions below, address any flaws in their processes and procedures, and craft good answers for use in DDQs/RFPs and client/consultant meetings:

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Last-Mile Riddle: What takes 20 years to build and 5 minutes to ruin?

Your firm’s reputation. And when an investment firm’s reputation for accurate, reliable reporting is called into question, revenue-producing AUM takes a direct hit. Reputational risk stemming from regulatory missteps is a given. But operational risk can be just as damaging—and more insidious.

For example:

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