The high-quality of the investment management reports can be a key factor in attracting and keeping clients. Investors want to have a clear overview of a portfolio’s investment objective the risk level, cost and investment objectives and the performance metrics and details of holdings.
Investors will also need detailed details about the amount of the fees that are attributable to their accounts in the semi-annual or the annual shareholder report, depending on the business. In the case of mutual funds, the information might include a breakdown of the total fees incurred by each shareholder, as well as an explanation as to the method of distributing these fees in relation to the performance of the fund.
However, providing this information in the context of the overall performance report may be a challenge for some companies. After all, most investors hold their funds in omnibus accounts with broker-dealers. To offer personalized fee data, a broker-dealer would need to create interfaces with the record owners of these omnibus investment fund management reports accounts in order to calculate and disperse this information to each shareholder.
Fortunately, technology is in place to enable these complex reporting needs to be met without costly changes to internal systems. Clearwater Analytics is an industry-leading SaaS solution that enables growth for over 1,100 clients including pension plans and governments, global insurers, and asset managers. Clearwater Analytics is fully integrated with Broadridge’s Analytics Master Data Warehouse, the leading industry player in this area. It can be accessed via a mobile or 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.