Next week, Delta Data will host a collection of clients and mutual fund industry leaders in Boston for a roundtable discussion that will include some of the investment community’s most influential contributors. The invitation-only annual forum on March 28, 2023, features an agenda that includes in-depth discussions and insightful presentations addressing the key forces shaping...
Part III: Public Cloud Serves as a Catalyst for Modernization in Financial Services Industry This is the third and final installment in a three-part series that explores Cloud Technology and the Financial Services Industry. In the previous entries, we addressed the slow cloud adoption within the industry and how perceptions have shifted and the...
Industry Pushes Back on SEC Swing Pricing Proposal In November, the Securities and Exchange Commission (SEC) proposed significant revisions that would require, among other reforms, the adoption of swing pricing and a “hard close” for transacting in fund shares. The proposals apply to all open-end funds, excluding money market funds and exchange-traded funds (ETFs). According...
Part II: Benefits of Third-Party Cloud-Based Solutions in the Financial Services Industry By Colt Younger, Delta Data, Senior Vice President, Product This is the second installment in a three-part series that explores Cloud Technology and the Financial Services Industry. In the previous entry, we addressed the slow cloud adoption within the industry and how perceptions...
New Proposed SEC Rule to Impact Third-Party Providers Engaging service providers and outsourcing various functions is a routine part of running an effective business. Fund companies regularly rely on service provider relationships to fulfill various functions, including valuation, investor reporting, regulatory compliance, and trade implementation. No firm can do it all in-house, nor would it...
Part I: The Past and the Potential of Cloud-Based Solutions in the Financial Services Industry By Colt Younger, Delta Data, Senior Vice President, Product This is the first installment in a three-part series that explores Cloud Technology and the Financial Services Industry. In addition to this entry, which addresses the slow acceptance of cloud-based solutions...
Importance of Building a Strong Intermediary Oversight Program Oversight is one of the hottest topics in the mutual fund industry today. While the SEC sweeps have come and gone, fund boards still have a high interest in dealer oversight as well as how that oversight operates. An effective Intermediary Oversight program gives you the ability...
Five Steps to Prepare for Mutual Fund Dividend Season For banks, record keepers, broker dealers, insurance companies, and financial professionals in the pooled investment fund industry, the periodic distribution events in December, as well as those scheduled through the rest of the year, can make for an overwhelming process to track. As we previously discussed,...
Fee Management Too Crucial to Rely on Inefficient Manual Processes By Jason Davenport, Delta Data Intermediary fee payments are one of the top expenses in the mutual fund industry, accounting for as much as 40 percent of a firm’s total annual expenses. The complexity and the volume of these fees continues to increase, which means it’s...
Open Letter to the SEC: Please Stop the Swing Pricing Proposal By Burton Keller, Advisor Emeritus, Delta Data Oh, how we “strain after gnats, and swallow the camel.” Swing pricing…again. Let us just take a moment and go back in time. Remember in 2016, when the SEC amended Rule 22c-1 (effective November 2018) to allow...
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