BISAM Technologies will become a part of FactSet as the result of a $205.2 million acquisition that will eventually tie together performance measurement support with portfolio and risk analytics and client reporting. FactSet, known for its integrated financial information, analytical applications, and services, has acquired BISAM from Aquiline Capital Partners and company insiders for $205.2… Read More >>
Linedata Admin Edge to Get New Links to Morningstar’s BondPro
Linedata Extends Morningstar Agreement Investment management systems vendor Linedata is expanding its fixed income and credit derivatives coverage for its fund services clients via an extension of its partnership with Morningstar, officials say. “The partnership will provide expanded analytics to meet the requirements of alternative funds and [separately managed accounts] and enhances Linedata Admin Edge’s… Read More >>
Daman Investments Deploys SS&C’s APX
Daman Investments PSC, a Dubai-based financial services firm, has deployed the portfolio management system Advent Portfolio Exchange (APX) from SS&C Technologies to streamline operations, and bolster data management and reporting capabilities, according to officials at Daman and SS&C. A private joint stock company launched in 1998, Daman has become a non-bank financial services company known… Read More >>
Nordea Bank Scores Breakthrough with Repo Trading
Nordea Bank, a large financial services group in Northern Europe, has been working with post-trade services provider Omgeo and investment management software vendor SimCorp to automate its repurchase agreement (repo) post-trade matching process, and recently matched its first live repo trade. The Stockholm-based bank recently processed a repo instrument between itself and Swedish administrative services… Read More >>
Brown Shipley Deploys SimCorp Client Reporting System
Brown Shipley, a private bank in the U.K., has gone from a manual client reporting system to a platform from vendor SimCorp in a bid for greater operational efficiency, officials say. Brown Shipley officials confirm via a press release that by deploying the SimCorp Coric Client Communications system they have “significantly reduced the manual effort… Read More >>
Narrative Science Unveils Solution for Wealth Managers
Automated financial reporting software maker Narrative Science has released a new wealth management solution, called Quill Portfolio Review, officials say. The new solution aims to “bridge the gap between the millions of people who need customized financial reporting and the overwhelming amount of data analysis, interpretation and communication skills required to deliver it,” according to… Read More >>
Albion Financial Group Embraces Cloud-Based Reporting
SS&C Technologies, a Windsor, Connecticut-based provider of financial software and software-enabled services, reports that Salt Lake City-based Albion Financial Group, a registered investment advisor with $900 million in assets under management, has selected its cloud-based client reporting solution. The SS&C solution, known as the Investment Management Intelligence Cloud, “aggregates data [from front, middle and back-office… Read More >>
More Firms Buy Than Build Analytics Systems for PM
Financial services firms are trending toward buying third-party solutions when they face the build-or-buy decision for implementing a performance measurement analytics system as revealed by panelists at Financial Technologies Forum’s Performance Measurement 2015 conference, held yesterday in New York City. The panel featured industry participants on hand to dissect the most important issues to keep… Read More >>
Eaton Vance Picks SimCorp for Client Reporting
SimCorp, a provider of investment management solutions and services for the financial services industry, reports that Eaton Vance Management, an investment management firm, has opted to make SimCorp’s Coric the new client reporting and communications platform for both its own operations and for its “majority owned affiliates,” including Parametric and Atlanta Capital Investment Managers. Eaton… Read More >>
Aite: Firms Need Better Client Reporting
Improving client reporting capabilities is near the top of many wealth management firms’ to-do lists, and if it’s not, according to two recent reports by market research firm Aite Group, it should be. The new reports “Client Reporting in Wealth Management: An Advisor Perspective” and “Client Reporting in Wealth Management: A Vendor Review,” indicate that… Read More >>
