Part II | Distribution Trends and Best Practices for Mutual Fund Firms

Part II | Distribution Trends and Best Practices for Mutual Fund Firms
The asset management distribution landscape is undergoing rapid change. Share class definitions are shifting and use of “alternative” products is expanding. As a result, operational challenges abound.

Part I | Distribution Trends and Best Practices for Service Providers

Part I | Distribution Trends and Best Practices for Service Providers
The shifting landscape in asset management distribution is changing how managers define share class structures, leading to evolving operations and technology needs. Transfer agents and record keepers are particularly affected by shifts in service needs and pressure to reduce costs.

Trends in Intermediary Oversight | 3 tips for fund companies

Trends in Intermediary Oversight | 3 tips for fund companies
Omnibus accounts are now the norm for keeping records of shareholder accounts sold through intermediaries. But with a recent focus on intermediary oversight    -- happening just within the past few years -- the policies and procedures that funds and their transfer agents use for monitoring these accounts are still evolving. Ken Larsen, Vice President of Intermediary Services at Boston Financial Data Services, summarized trends in intermediary oversight on a NICSA webinar held in November 2014.

Ignites Feature | Simplified Omnibus oversight framework helps COOs

Ignites Feature | Simplified Omnibus oversight framework helps COOs
The quick transition to omnibus accounting has caused a major shift within the fund industry for over two decades. And the rapid change has caused confusion on how fund directors and managers should oversee omnibus recordkeepers.

Fund industry needs SEC guidance on intermediary oversight

Fund industry needs SEC guidance on intermediary oversight

In a BoardIQ article published in mid-December, NICSA President Theresa Hamacher argues for more SEC guidance on intermediary oversight. With approximately 80% of assets at fund complexes held in intermediary-run omnibus accounts, oversight has become a key risk management issue. Trouble is, there’s little consensus on how to get it done right.

Super Storm Sandy: Challenges and lessons learned

Super Storm Sandy: Challenges and lessons learned
Hurricane Sandy wreaked havoc across the Eastern US and caused the New York Stock Exchange to close for two days—a weather-related closing unprecedented since 1888. The week of October 29, 2012 also marked the beginning of a renewed focus on ensuring the financial services industry is operationally ready for future events of this magnitude and beyond.

7 guiding principles for omnibus governance

7 guiding principles for omnibus governance

The number of accounts within the omnibus model has grown exponentially over the past 10 years.

There is no question that omnibus is the best way to serve customers efficiently and effectively, but when it comes to fees, there is no clear cut line between service and distributors causing uncertainty and confusion.

We let the experts from Deloitte, ING Funds and Pershing share their thoughts and perspectives in a panel discussion, "Omnibus: A Governance and Risk Perspective" at the 2013 NICSA Annual Conference in Miami. Here's what they had to say...

Haaga/Pozen: What’s ahead for the fund industry | Part 2

Haaga/Pozen: What’s ahead for the fund industry | Part 2

In Part 1 of this NICSA News webinar highlight, we got answers from two industry experts, Paul Haaga and Bob Pozen, about current events and relevant topics that are creating a lot of buzz around the fund industry. We've saved the best for last in Part 2 of the "What's Ahead for the Fund Industry" webinar recap where you will get the inside scoop on: potential retirement plan changes, the young investor, Omnibus, technology/operations challenges and more. Take a look.

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