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All posts by Whitfield Athey

Whitfield Athey is CEO of Delta Data Software. His role at Delta Data is focused on growth of the product base, satisfaction of clients and scalability of the organization.

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 current consumer demand. Read more

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 to evaluate how our industry is changing, so we’re grateful to have had the opportunity to hear from key companies and individuals to strategize on challenges and opportunities brought on by industry disruption. Read more

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 implement new operational and technological structures to comply. I had the opportunity to share some of my thoughts from Delta Data’s perspective with Ignites for a recent article. The following is a summary of some of those thoughts, which centered on the importance of transparency data in intermediary distribution of Mutual Funds. Read more

Analytic reports, brokers, financial consulting, fundblast, mutual fund, financial services, data management, counterparty relationships, delta data

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 TAG Top 40 Innovative Tech company, and a NICSA Nova award win for Innovation in Technology. Read more

Chief of Operations, Financial Services, Data strategies, FundBlast launch, innovation technology, Robotic Process Automation, mutual funds, financial broker

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 efforts focused on solving their problems rather than chasing the buzzwords in the headlines. I may be the CEO of Delta Data, but I’m proud to say that our clients truly guide the direction of our company. And I wouldn’t have it any other way. Read more

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 distinction. Read more

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 transforming the financial services sector. As I reflected on the event and the topics explored, it became clear that many of us face the same challenges in grappling with new technologies that promise to transform the industry. Read more

Our Journey from DeltaDataSoft.com to DeltaData.com

Recently our firm completed the end of what can only be called an odyssey. For years, we sought to acquire the domain Deltadata.com from a company who bought up “swell sounding” domain names in the mid-nineties. Their business model may have been sound, but the execution ended up being quite poor. Despite our best efforts to reach them, we didn’t receive a response from the domain owner for more than 15 years. We felt like someone else had lost the blockchain hash key to our domain name!  Read more

Delta Data and FundBlast System Featured in Recent Article

Fund Communication is Ready for an Upgrade

Tech innovation is necessary to cut the industry’s ties with legacy software, FundBlast System.

The industry’s move to an email-based system has been the only minor update to the blast fax infrastructure in the last 30 years with regards to communicating fund changes and events. The mutual fund industry is rooted in a complex data set and has embraced its own way of processing data.

Fund companies currently send thousands of emails to their distributors. Recipients of these emails must parse through each one to determine if the communication is even relevant. In the case that an email is pertinent, that firm must then figure out the appropriate changes to process and move it downstream in their organization. It is a time-consuming process that relies heavily on manual intervention, making it riddled with risk.

 

Read the entire article.

Learn more about FundBlast. 

 

 

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. Read more

Broker Dealer Platform Rationalization Puts Operations Teams Front and Center

Over the past two years, the industry has seen a growing trend of platform rationalization across the board for broker-dealers, with several in the top tier seeking to offer advice as part of their value proposition, similar to what the end investor receives.  The supermarket approach of the early 2000s was expensive to maintain, and research coverage was relegated to a small list of preferred mutual fund products. Read more

DOL Fiduciary Rule - Focus on Data

Planning for the DOL Fiduciary Rule: Ignore the Noise, Focus on Your Data

My last post discussing the fate of the DOL Fiduciary Rule proclaimed that I was ready for the final episode of this soap opera to air regardless of the outcome, as long as there is one. Well, the June 9th deadline has come and gone, and parts of the DOL Fiduciary Rule are now in effect. However, the cloud of uncertainty hanging over the future of the rule means the show has been renewed for at least another season. The one thing that does seem to be certain, however, is that the fiduciary rule will be significantly altered in the coming months. Read more