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ConceptONE brings in Form PF preparation and advisory services for private fund advisors

Thursday, November 03, 2011
Opalesque Industry Update - The final version of Form PF was confirmed by the SEC and the CFTC on October 31, 2011 (see:

Since it was initially proposed in January, ConceptONEtm has been analyzing the requirements of Form PF and has spent a significant amount of time researching the proposed rules and building the needed tools, including a specialized data wahrehouse and proprietary calculation library, to help clients implement the necessary reporting process.

ConceptONEtm has been providing data aggregation and risk reporting through its subsidiaries since 2005 and is intimately familiar with the challenges of aggregation and producing the corresponding portfolio analytics.

“Form PF is an intricate and detailed exercise in data aggregation, portfolio analytics, and the corresponding reporting, and presents significant challenges for investment managers and their service providers. That said, aggregation is at the core of what ConceptONEtm has done since its inception and as a result our services and solutions are a natural fit for Form PF preparation,” says ConceptONEtm President, Dan Connell.

“We have been fine-tuning our data and analytical engines to support Form PF preparation. We anticipate that there will not only be challenges for clients in the support and preparation for the report, but also in the interpretation and assimilation of regulatory reporting into their reporting obligations. We intend to provide a total data solution for clients. This is a monumental change for the industry and the time to start preparing is now. We encourage proactive measures and are eager to sit down with those impacted by this rule sooner rather than later”, says Ken Grant, Chairman of ConceptONEtm.

“At its core, Form PF is an analytics, aggregation, and reporting exercise. We have been analyzing the requirements since the announcement in January and have built a scalable solution that is now available to asset management firms of all types. Advisors will have to aggregate data across custodians, prime brokers, counterparties, and administrators in addition to their data sources. Data management, aggregation, and analytics have always been at the core of our offering, and that is why we believe we are so well suited to help our clients with this new reporting requirement” says Connell.

RiskONE, ConceptONE’s reporting and analytics division is ideally suited to perform the necessary calculations and aggregations required in order to complete the Form PF. RiskONE is currently accessing and aggregating over 50 data sources, many of which will be required in order to fully populate Form PF. Furthermore, one of the core offerings of RiskONE is its data management service, which lends itself to the significant data mapping and attribute enrichment that is necessary to file Form PF. Given the complexities of completing Form PF, asset managers will need to have the ability to gather, manage, and maintain data to produce the risk reporting requirements included in Form PF.

(press release)

ConceptONEtm LLC is a unique and quickly growing analytics and reporting enterprise. ConceptONEtm offers neutral and complete aggregation, analytics, reconciliation, and reporting for a wide range of fiduciary entities. Through its RiskONE product, ConceptONEtm provides end to end solutions in data aggregation, risk management, reporting, and advisory. ConceptONEtm is able to add an interpretation and advisory layer to the reporting, as well as risk audits and enterprise risk management solutions. Our offerings in middle and back office services allow for data acquisition from any source and reconciliation to provide accurate data aggregation and reporting. Reporting services cover real-time, daily, monthly, and annual periods and are delivered via an interactive web portal. As regulatory reporting is finalized under Dodd-Frank, we are offering services and solutions in filing preparation.


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