•  
• Tweet
•  
•  
•        Print
•  
•        Email
•  
•         Track Keywords

“The asset management landscape is becoming more complex due to the introduction of unique instruments, sophisticated portfolio strategies, and specialty mandates,” said Joseph Amarante, Managing Partner of NorthPoint’s Financial Services Division. “Investors are demanding more transparency and in-depth due diligence from firms, especially with their trade allocation processes, data, and operational controls. It has not only become imperative for Asset Managers to implement compliance and operational processes that improve oversight and enhance decision-making, but also to provide these key processes in a way that systematically codifies their business and decision rules within their core Order Management Systems (OMS).”

NorthPoint’s dynamic, rules-based allocations solution has been successfully deployed across several of NorthPoint’s asset management clients, integrating seamlessly with both off-the-shelf and custom trade order management systems. Some of the benefits of the solution include:

• Automatic trade allocation based on eligibility requirements and on any given portfolio weighting such as market value, exposure, and others
• A predefined set of rules, rule “types,” and rule groupings for compliance and eligibility checks, and a standardized model for end user definition of new rule types and rule groupings
• A user-friendly interface so that Risk and Operations personnel can easily review the status/results brought back by the allocations engine in a tabular and drill-down format
• Seamless integration with other third-party compliance tools

“We recognize the drivers of compliance and the internal and external areas of risk. Solutions such as the NorthPoint Allocations engine equip our clients to meet many of the challenges of regulatory compliance, allocations, and investor due diligence. By demonstrating such adherence to strict allocations and compliance standards, clients can gain a competitive advantage in maintaining credibility and attracting and retaining assets,” said Johan Glozman, Partner/Vice President, NorthPoint’s Financial Services Division.

Press Release

BM