MiFID II Best Execution Podcast PART 4: How One Of Your Peer Firms Addressed The Challenge

MiFID II Best Execution Podcast PART 4: How One Of Your Peer Firms Addressed The Challenge

In this final episode of the series, Jon Gold asks Alex James about his experiences working on a MiFID II project for an IMP client. Listen to how one of your peer firms rose to MiFID II's challenges and succeeded.

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MiFID II Best Execution Podcast PART 3: What Makes MiFID II So Challenging?

MiFID II Best Execution Podcast PART 3: What Makes MiFID II So Challenging?

In the previous two episodes of this podcast series we talked about MiFID II's top 5 on and off venue reporting requirements and the need to demonstrate best execution across all asset classes for the reporting year. In Part 3 of this podcast, find out why MiFID II is so much more complex than MiFID 1, and what firms can do to comply on the fixed income front.

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MiFID II Best Execution Podcast PART 2: Demonstrating Best Execution

MiFID II Best Execution Podcast PART 2: Demonstrating Best Execution

Welcome to IMP's MiFID II Podcast. Joining us in our discussion is Jon Gold, Managing Director at IMP, and Alex James, a Project Manager at IMP.

In PART 1 of this podcast series, we discussed the top 5 on and off venue reporting requirements of MiFID II. In this next episode we will delve into achieving the second requirement, that being the need to demonstrate best execution across all asset classes for the reporting year.

Listen to PART 2 of our MiFID II podcast now!

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MiFID II Best Execution Podcast PART 1: Top 5 On and Off Venue Reporting Requirements

MiFID II Best Execution Podcast PART 1: Top 5 On and Off Venue Reporting Requirements

Welcome to IMP's MiFID II Podcast. In the first episode of this series we will be discussing the top 5 on and off venue reporting requirements. Joining us in our discussion is Jon Gold, Managing Director at IMP, and Alex James, a Project Manager at IMP.

Listen to Episode 1 of our MiFID II podcast now!

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MiFID II: RTS 28 and Five of the Biggest Changes for Best Execution

MiFID II: RTS 28 and Five of the Biggest Changes for Best Execution

Best execution rules are intended to protect investors by ensuring that investment firms seek the best possible result for their clients “taking into account price, costs, speed, likelihood of execution and settlement, size, nature or any other consideration relevant to the execution of the order.” 

Best execution has been a component of MiFID, and not a new regulation to any firm – for the US or the European Union. However, MiFID II prompts a few major changes, and casts a wider net across significantly more asset classes, not just equities and equity-like instruments. Five of the biggest high-level changes include....

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Due Diligence: An Asset In Your Arsenal

Due Diligence: An Asset In Your Arsenal

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.

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Due Diligence: You’ll Know It When You See It

Due Diligence: You’ll Know It When You See It

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.

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MiFID II Across Five Areas of Focus

MiFID II Across Five Areas of Focus

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.

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Will You Be MiFID II Compliant? Publish, Report or Perish

Will You Be MiFID II Compliant? Publish, Report or Perish

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.

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Will You Be MifID II Compliant? Impact on Non-EU Asset Managers

Will You Be MifID II Compliant? Impact on Non-EU Asset Managers

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.

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If You’re Sticking with PORT – Don’t Just Sit There!

If You’re Sticking with PORT – Don’t Just Sit There!

It’s the first day after the cut-off for the POINT transition, and you are just settling down at your desk with the Wall Street Journal and a cup of hot coffee. You log in to your beloved performance system, expecting everything to look the same as the day before, and…surprise! You dropped the ball on the POINT to PORT transition.

Rewind back to January 2017. What could you have done differently?

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This Old Performance System – Visualizing the Gaps in Your POINT Transition Roadmap

This Old Performance System – Visualizing the Gaps in Your POINT Transition Roadmap

This Old House magazine closes every edition with a featured house in dire need of renovation. Typically, the homes are of historical relevance and have existed firmly in place for 100+ years. For those who can visualize how to transform the house beyond its former glory, the opportunity may seem like a dream come true. However, for those who have experienced the less glamorous side of restoration - such as upgrading the systems that drive the house including electrical, mechanical, heating and plumbing- the opportunity to transition can be overwhelming.   

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Heat-Mapping Skill Sets – Creating High-Performance Teams for Investment Management Projects

Heat-Mapping Skill Sets – Creating High-Performance Teams for Investment Management Projects

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.

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Preparing for Barclays POINT® to Bloomberg PORT – The Top 3 Tasks That You Can Do Today

Preparing for Barclays POINT® to Bloomberg PORT – The Top 3 Tasks That You Can Do Today

As we learned in the initial announcement, Barclays will continue to operate POINT for 18 months after the deal completes to help clients transition to other providers. This leaves a bit of lead-time prior to the deal completion plus 18 months to take the proper steps to ensure the right planning, budget and resources are in place. Focusing on the known entities can help you to prepare and persevere.

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Barclays POINT® to Bloomberg PORT – Why The Sky Isn’t Falling

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.

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The Best of IMP’s Blog in 2015

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.

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Buy vs. Build?

Buy vs. Build?

Recently, I visited friends who had relocated to Virginia.  Two months ago, they sold their home in Rhode Island to begin a new chapter in their lives. They had several good reasons for wanting to do so: a warmer climate devoid of snow (and the requisite snow shoveling), more land for their growing family, and a slower paced life.

Deciding where to move was an easy decision. They had been to Virginia several times, and liked the countryside around the Fredericksburg area.

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Q&A with Osney-Buyside/TSAM and Jane Stabile

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.

Bad Data – The Black Mold of the Industry

Bad Data – The Black Mold of the Industry

I’ll admit it, I am addicted to HGTV.   In particular, I love the shows about renovation.  You can buzz in and out of the room folding laundry or unloading groceries, and just really be in front of the TV for the “big reveal,” which is when the renovation is done and the homeowners get to see the results.  My favorite show, “Love it or List It” has homeowners choosing to stay in their homes, post-renovation (“love it”) or sell their homes (“list it”) for something better that they have found.

No contingency:  The homeowners typically have an older home, and they set a firm budget for the renovation, which they cannot possibly go beyond.  The designer then begins the plan, with glowing descriptions of how she will achieve everything on the owners’ “must have” list, and stay within the budget.

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