A Registered Investment Advisorwith AUM of $7B managing a large mutual fund
A Registered Investment Advisorwith AUM of $7B managing a large mutual fund
3 PagesCASE STUDY: RIA - Mutual Fund/Private Wealth Manager SITUATION A Registered Investment Advisor with AUM of $7B managing a large mutual fund (over $4.5B), numerous separately managed accounts (SMA’s), and hedge funds needed to upgrade their investment operations environment. Their existing environment included outdated technology and inconsistent controls related to reconciliations and verification of data. Due to this, the operations team was challenged to appropriately manage the required controls surrounding the data across various investment products including over 2,500 SMA’s. Senior Management acknowledged the deficiency and reached out to Smonik to provide a series of reconciliations, primarily related to cash and positions, however, due to the flexibility and rich
