Jane Stabile, IMP's President, interviews Matt Gould in this short (7 minute) podcast to discover how firms can prepare for a due diligence review, and how due diligence can ultimately improve a firms business.Read More
I know it when I see it. That’s what people say when they can’t describe what they instinctively see, or otherwise understand.
Back in the day, while I was still performing due diligence reviews as part of my job, I found that a lot of people in the industry thought that there was a magic formula for evaluating a subadvisor or fund. It was viewed as a bit of a secret, that perhaps nobody else knew. And yet, my work was actually more of a scientific exercise in performing basic research, mixed with the art of “knowing it when I see it.”
The following are 7 tips for your firm’s next due diligence review.Read More
The primary purpose of MiFID II is to enhance and strengthen “MiFID I.” However, MiFID II is a complicated, winding road of directives. The areas of business impacted cover everything from the investment decision, all the way to client reporting. The systems impacted span from the front to back office. To break the enormity of MiFID II for the sake of sanity, we will cover five main areas of focus.Read More
There has been a great deal of confusion over trade publication and transaction reporting, and there are several differences between the two. Read more to watch an overview of Trade Publication vs. Transaction Reporting presented by Jon Gold.Read More
There is a misconception that if your firm is a US asset manager, then you don’t need to worry about MiFID II, when in reality you do. Even if your firm doesn’t have a physical presence in the EU, there may be components of the rule that are still applicable to your client mix or your asset classes.Read More
If you’re in compliance, specifically with a Non-EU asset management firm, you may be prepared to sit back and enjoy the show that MiFID II has produced among those firms servicing clients in the European Union. It can be hard enough to keep up with the ever-changing landscape of regulations at home, never mind keep an eye on what goes on across the pond.
However, don’t get too comfortable just yet. With refinements being released as recently as July, MiFID II seems to always have something new in store. Compliance professionals need to understand the changes taking place in the front, middle and back office as well as the potential impact to the systems that support them. To some firms, this has meant strengthening the role of the compliance officer in anticipation of increased regulatory scrutiny.Read More
If you work for a US Investment Management firm, and are celebrating the notion that MiFID II won’t apply to you, it’s time to take off the party hats, and give this directive a second glance. MiFID II may just apply to you after all. This series, authored by IMP Consulting, will walk you through the highlights of the directive, and help to guide you in identifying how your firm may be impacted.*Read More
This week, we’ll look at how one word caused hundreds of daily violations for a very frustrated PM, and walk through the simple fix that cut the risk of increased SEC scrutiny.Read More
Portfolio Managers and Traders frequently complain about the Automated Trading Compliance System. For Compliance teams, it’s as equally frustrating. When the rules were written, the PMs signed off on all of the rules for their funds. Why isn’t this working?
This video training series looks at real trade compliance experiences from the PM/Trader’s desk, and gives compliance teams a glimpse into why some rules aren’t working. It also discusses options for compliance teams to implement changes that will support a unified and seamless trading workflow.Read More
Topic: Heat-mapping Skill Sets – Creating high-performance teams for investment management projects.
Jane Stabile, President of IMP Consulting, is interviewed about the importance of putting the right team together before any investment management project.Read More
Since the announcement in December that Barclays has agreed to sell its risk analytics and index solutions business to Bloomberg LP, there has been an underlying tone of skepticism in many of the articles, reports and commentaries that have popped up. Of course, a healthy dose of caution isn’t necessarily a bad approach; but the POINT to PORT conversion doesn’t have to mean that the sky is falling in portfolio analytics.Read More
Every year, the rescue workers of the White Mountains have to fetch hikers who started out their climb on a bright and sunny day in their shorts and tee shirts, with minimal supplies and little or no experience with the terrain. It was happening so often, that the New Hampshire Fish & Game Agency launched the “hikeSafe” program that has checklists for required gear, discussions of weather, technology recommendations, etc. Hikers who ignore the recommendations may find themselves with a bill from the Agency, for the tens of thousands of dollars expended during the search and rescue.
Technology professionals, under pressure to deliver on project deliverables, often bypass the tedium of inventorying the current state of systems, interfaces and data quality in favor of getting an immediate start on the project. They spend little time questioning the end users on the current terrain–which can be rife with disagreements about the goals of the project and competing needs–and fail to account for the changeable “weather” of regulatory requirements. Advocating for the time and budget to do a thorough current state analysis can be tough, but skipping it can often leave a project in need of an expensive rescue.Read More
If you’ve been following IMP’s blog over the last year, you’ve seen our team of experts leverage their hands-on industry experience to share information and insight on relevant topics ranging from compliance to implementation to “managing” managed service providers.
We’ve taken a look at the ten most popular blog posts of 2015 and provided our subscribers with the list below in case you missed one or you would like to read it one more time. If you’re new to IMP’s blog and wish to subscribe for 2016 please click to subscribe.Read More
In a series of interviews with thought leaders on Tech & Ops Strategy in the Investment Management industry, the team at Osney Buy-Side & TSAM sat down with IMP's President, Jane Stabile.
Osney Buy-Side: Tell me a bit about your role at IMP Consulting.
As the President and founder of IMP Consulting, my role is to work with our team to constantly investigate and improve on our best practices. Working with dozens of asset management firms of all types over the years has enabled me to gain a broad industry perspective. IMP stands for “Implementation Management Professionals;” when I started the firm 10 years ago, I spent most of my time helping asset management firms with OMS implementations that had gone off track. Seeing the same patterns emerge at multiple firms led us to create an implementation “toolkit” that made it easier and faster to implement OMS and compliance. Read more on TSAM's website.
I have been sailing most of my life, and I religiously follow the blogs for several races throughout the year. The Newport Bermuda race, held bi-annually since 1936, is a one of my favorites. It is a grueling 635 nautical mile course that tests every aspect of a captain and crew--their planning, skills, discipline, and ability to handle unexpected challenges as a cohesive team.Read More
Time to Upgrade?
Well, you’ve finally hit the wall. The upgrade that you have been avoiding needs to be addressed. The vendor has been threatening to stop supporting your version, which is now two full versions behind.
There is a great temptation to simply get the upgrade over with and then introduce new features to the users later. After all, there is a lot of homework involved in investigating and testing new features—why not take the path of least resistance? Because if you do, the upgrade won’t be worth the time and money you spent on it.
Here are Six Reasons for Making the Upgrade Worthwhile:Read More
Something that often gets overlooked in discussions around the costs and benefits of leveraging automated systems to create operational efficiencies, is the need to stay current with the releases of the products that you are using. Once a system is initially installed, it is tempting to believe that one can use the product for the foreseeable future, with little additional cost beyond standard maintenance.Read More