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Stay up to date on all the financial trends and mutual fund happenings with our Delta Data blog. Written by our team of knowledgable advisors and staff. Check back weekly for new posts.

asset managers

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.

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NICSA

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 conference. However, the main thread woven throughout the sessions was how to adapt to change in our industry to increase productivity and streamline go-to-market strategies.

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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

mutual fund fee management automation intermediary fees robust solution Delta Data mutual fund company services finances transparency data

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 fees have increased, operations teams are looking for new ways to streamline the invoice validation process and shift from the outdated, manual nature of Excel spreadsheets. 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

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 optimize existing processes. If you’re a fund company brainstorming ways to bring your business to the next level in 2019, we have a New Year’s Resolution to add to your list: improve counterparty relationships and communications. Read more

market closures, brokers, financial consulting, fundblast, mutual fund, financial services, data management, counterparty relationships, delta data

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 strain, especially on the distribution side. 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

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 Partners — charging they had engaged in “late trading” in collusion with a mutual fund in order to market time their trading in the fund. This was quickly followed by more charges by the New York AG as well as the SEC charging numerous mutual fund companies with allowing market timing in their funds. This scandal became a black eye for an industry that had a fairly strong track record of avoiding scandal. Read more

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. Read more