Delta Data’s Intermediary Insight offers a standardized approach to audit report reviews of an organization’s distribution partners in accordance with the ICI’s FICCA framework. By leveraging our service, asset management firms can streamline labor-intensive processes, allowing your most knowledgeable resources to focus on higher-value oversight activities.
The rise of omnibus recordkeeping has increased regulatory scrutiny on third-party distribution. As intermediary compliance expectations reach new heights, fund companies of all sizes face the challenge of demonstrating due diligence using cost-effective measures.
Intermediary Insight addresses this challenge and extends the reach of your oversight program through a more economical and effective audit report review. Delta Data experts relay intermediary audit findings with online reporting. Our dedicated client success managers and active client community offer ongoing guidance, helping you address any gaps.
Eliminate the need for extensive internal report reviews. Our experts review all documentation and map findings to the ICI’s FICCA framework, allowing you to view point-by-point comparisons, quickly and consistently spot outliers, and easily prioritize follow-up.
Quickly navigate and communicate review results, exceptions or other gaps, trend analysis, and Delta Data benchmarks through customizable online reports. Clients can incorporate FINRA results into reports.
Tap into a wealth of industry knowledge through our extensive client and industry community. Delta Data hosts client conferences and participates in user groups, where you can collaborate with peers and our team to discover best practices and elevate your organization’s oversight processes.
Take advantage of our complimentary Intermediary Partnership Program, designed to simplify the audit report request and review process for intermediaries.
For intermediaries in our program, we handle the entire process, saving asset managers significant time and effort in report retrieval.
Delta Data’s Intermediary Partnership Program is a complimentary offering designed to streamline the audit report request and review process for intermediaries. This collaborative initiative helps intermediary firms uphold compliance, strengthen relationships with fund partners, and optimize efficiency by saving valuable time and resources.
When participating in our Intermediary Partnership Program, intermediaries send all audit reports to Delta Data directly, and we handle the distribution to authorized fund partners. The end product allows intermediaries to view the same results that authorized fund partners do. Only intermediaries participating in Delta Data’s program will receive a detailed report of the audited document(s) as it compares to the FICCA framework.
Delta Data provides a report that summarizes the audit report based on the FICCA framework and gives multi-year trending information. This helps intermediaries hone and improve audit report information in subsequent years.
Delta Data collaborates with a majority of the top 50 mutual fund families and many of the nation’s leading intermediaries.
Our Intermediary Partnership Program offers firms the assurance that comes from partnering with an industry leader in oversight solutions with decades of experience.
With Delta Data’s gap questionnaire, participating intermediary partners can answer questions around any controls deemed “not addressed” in the audit reports. The questionnaire ultimately cuts down the number of repetitive follow-up requests from fund partners, saving the intermediary time and resources.