Delta Data Digest

The Lastest on Mutual Fund/Pooled Asset Servicing

Delta Data to Offer Complimentary Access to Data During Pandemic

COVID-19 has turned our collective pooled investment industry upside down. Wall Street warriors used to humping downtown in the pre-dawn light are now working out of their home offices or dining room tables. Suits are being traded for lounging wear, and the frequent trips to...

Delta Data CEO Whitfield Athey Addresses the Need for Data Scientists at the 2020 NICSA Strategic Leadership Forum

Whitfield Athey, CEO and technology architect for Delta Data, will be joining NICSA’s technology panel on February 27: Managing Analytics Project: Balancing Business and Technical Expertise Data Scientists – Are They Really Unicorns? This session will focus on critical aspects around ensuring your team has...

A 35-Year-Old Company with a Start-Up Culture

Delta Data has a unique culture. For starters, how many privately held software companies do you know that are in their 35th year of continuous operation? Not many, I am sure. The tag line for our company is “Stay Ahead of the Change.” To still...

Model Portfolios are the Future of Investment Management – Here’s How Asset Managers Can Capitalize

Proactively envisioned multimedia based expertise and cross-media growth strategies. Seamlessly visualize quality intellectual capital without superior collaboration and idea-sharing. Holistically pontificate installed base portals after maintainable products. Dramatically engage top-line web services deliverables.

Are Active ETFs a Threat to Mutual Funds?

While mutual funds may still dominate the U.S. market, ETFs are gaining traction quickly. According to the 2019 Investment Company Institute Factbook, at the end of 2018, the U.S. domestic mutual funds market amounted to $17.7 trillion in total net assets. At the end of...

“Embrace the Complexity”: Fund Product Innovation Calls for Holistic Approach

As I discussed in my last blog post, Collective Investment Trust (CIT) growth is something we’ve been keeping a close eye on here at Delta Data. I believe this trend strikes a particularly loud chord within the industry today because it’s a microcosm of the seismic...

How to Streamline ACATs for Bank Trusts and Keep Customers’ Best Interest in Mind

Customers like a frictionless experience when it comes to finance. When a client has decided to transfer their assets, it’s important to educate them as much as possible. This means keeping customers in the loop as to where their assets are and when they are...

If CITs Have The Highest Growth Opportunity Then Why Aren’t We Investing In Tech?

At the recent Coalition of Collective Investment Trusts annual meeting in New York, a central topic of all the sessions was a clear move down market. CITs are no longer only marketed to and sold to the mega plans where they got their start 15...

More Tech Spend Equals More Profit…Right?

A recent article in Ignites caught my eye. It detailed a recent research report by Deloitte’s Casey Quick, which revealed that asset managers that spent the most on technology (related to distribution) over the last three years saw significantly higher profit margins than those of their peers.Continue...

DELTA DATA TO ATTEND AND EXHIBIT AT ICI GENERAL MEMBERSHIP MEETING

We’re looking forward to attending and exhibiting at ICI’s General Membership Meeting (GMM) in Washington DC May 1-3, 2019! In its 61st year, ICI’s GMM is a great opportunity to connect with other leaders in the global fund industry, as well as hear insights from their...

HOW TO STAY AHEAD OF THE CHANGE: TAKEAWAYS FROM NICSA STRATEGIC LEADERSHIP FORUM 2019

We recently returned from sunny Florida, where Delta Data sponsored, exhibited, and spoke at NICSA’s 2019 Strategic Leadership Forum, and we thoroughly enjoyed the event. From disruptive technologies to gender diversity in asset management, to fraud prevention, there were many engaging topics discussed at the...

DELTA DATA TO SPEAK AT NICSA’S 2019 STRATEGIC LEADERSHIP FORUM

We’re excited to announce that we will be exhibiting at NICSA’s Strategic Leadership Forum (SLF) in Ponte Verde Beach, FL April 3-5, 2019. As the must-attend event for professionals in the global asset management industry, NICSA SLF will be a great opportunity to connect with peers...

MUTUAL FUND SHARE CLASS CHURN SHOWS NO SIGNS OF SLOWING DOWN IN 2019

Product rationalization has been at the forefront of the mutual fund industry over the last few years. As a result, share class “churn,” which ramped up starting in 2016, is on pace to continue as managers add and replace share classes that better fit the...

MOVING TOWARDS A MODEL-DRIVEN WORLD: FUND ROUNDTABLE RECAP

Recently we had the opportunity to gather with asset managers and others in mutual fund operations in Boston for our annual roundtable, where we discussed many of the pressing issues changing our industry. We realize how difficult it can be to take a step back...

Automation is Key in Getting Fee Management Right

Intermediary fees make up a significant amount of a mutual fund company’s annual expenses, with some totaling as high as 40%. Maintaining such a major part of a Profit & Loss Statement isn’t something firms take lightly, so as the complexity and volume of the...

Unlocking Value of Mutual Fund Intermediary Transparency in 2019

Chief Compliance Officers (CCOs) certainly had a lot on their plates in 2018 – from MiFID II and GDPR to considerations around the DOL Fiduciary Rule and Liquidity Rule, there have been many pieces of regulation that have captured their attention and pushed them to...

New Year: Improve Your Counterparty Relationships

As 2018 comes to a close, it’s time to think about strategies to make 2019 your best year yet. Solutions that just “got the job done” in the past year do not cut it anymore as firms and industry professionals are looking to innovate and...

Why Unplanned Market Closures Put a Strain on Distributor Operations

Unexpected market closures, like the one we experienced recently for the funeral of former President George H. W. Bush, put the mutual fund industry in a precarious position. And while they don’t occur very often, when they do — it puts operations teams under serious...

Employee Spotlight: Bret Bange and Jason Davenport

Our employee spotlight this week, includes two great men. This year has been one of innovation, achievement, and exciting growth here at Delta Data. Some of our notable accomplishments in 2018 include the launch of new products such as FundBlast and our Proprietary Product Manager, recognition as a...

Financial Industry Trends: Reflections from our 2018 Client Conference

Every year, we have the privilege of bringing our clients together to talk about industry trends and discuss our latest product updates. It’s hands down the most instructive three days for us at Delta Data. They help us draw our innovation roadmap and keep our...

15 Years Since Market Timing Scandal

2018 marks the 15th year since the mutual fund industry was rocked by the worst scandal in its history: the market timing scandal. It was in September of 2003 when New York Attorney General Eliot Spitzer filed a complaint against the hedge fund Canary Capital...

Mutual Fund Sub-Advisor Oversight Requires a Data-Centric Approach

The relationship between a mutual fund company and its mutual fund sub-advisor is an important one. These trusted partners are relied upon for their expertise in managing strategies and products critical to the success of a fund company. The advantages of subadvisor relationships are well...

FundBlast Recognized by NICSA

Every year at NICSA’s General Membership Meeting, the top initiatives, technologies, and personalities in the asset management industry are presented with NICSA NOVA Awards. This year, we’re proud to announce that FundBlast won its “Innovation in Technology” Award, and are honored to have received this prestigious...

President Signs Executive Order on Strengthening Retirement Security

On August 31, 2018, President Trump signed an Executive Order on Strengthening Retirement Security in America. This EO directs the US Department of Labor and the Treasury to consider issuing regulations and guidance that would (1) make it easier for businesses to offer association retirement...

Working Through Liquidity Rule Bucketing Methods

As a firm dedicated to helping funds and distributors “stay ahead of the change,” we’ve been following the liquidity rule closely over the past year. Starting in the late fall of last year when ICI sent a letter to the SEC urging the regulator to delay the...

Counterparty Communications Seen as Most Neglected Function

Twenty years ago, email was coming into its own as a simple and effective solution for counterparty communications important information to large groups of people – a significant technological upgrade to faxes. For the fund industry, this has long been the standard for disseminating important...

DLT and AI Top of Mind at SIFMA Fintech Conference

Last week, I attended SIFMA’s Fintech conference in New York. I sat through panels discussing the topics of the day in financial services operations – emerging technologies, the ever-evolving regulatory landscape, you name it. Overall, it was an engaging event with interesting insights into how fintech is...

Fund Communication Shouldn’t Bog Down Broker Dealers

It’s indisputable that fintech is rapidly changing the landscape of financial services. It seems as though there’s a new innovation every day promising that Mutual Fund asset managers can leave their outdated legacy systems behind. Broker-dealers have been particularly hampered in recent years due to...

Disrupt, Don’t Disturb: What We Learned at the Mutual Fund Roundtable

We recently had the privilege to host some of our clients and Mutual Fund industry leaders for a roundtable discussion in Boston. It was an opportunity for us collectively to step away from our daily workplace rituals and talk about the future of our industry....

Liquidity Rule Delayed Six Months

The SEC voted on Wednesday to delay the compliance date of the classification requirement of the Liquidity Rule in what turned out to be a whirlwind of a week for the regulatory body. With a delay now formalized, fund firms with more than $1 billion...
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