TandemModels® is delivered to investment managers and advisors in a single platform environment (SaaS) for asset allocation model design and management, trading, cash flow management, portfolio re-balancing, performance reporting, and custodial integration and reconciliation.
Understand the Value of Your InsurTech CompanyMercer Capital
Valuing an InsurTech company can be complicated and difficult, but carries important significance for employees, investors, and stakeholders for the company. While all InsurTech companies have differences, including what niche (distribution, claims, benefits, etc.) they operate in or what stage of development the company is in, understanding the value of the business is critically important.
Mercer Capital's Value Focus: FinTech Industry | Second Quarter 2015Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. This newsletter focuses on FinTech segments, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity.
Mercer Capital | Getting It Right: Loan Valuation and Credit Marks in Today's...Mercer Capital
Although investors and perhaps bankers are not as focused on credit as was the case several years ago, properly assessing credit risk and determining appropriate credit marks remains the key arbiter in determining whether a deal is destined to struggle or meet/exceed expectations. This session looked at the evolution of loan portfolio valuations as part of due diligence and M&A pricing since the financial crisis. Davis and Gibbs provided insight into some of the nuances around the evaluation process and what to look for in terms of potential potholes regarding potential acquisitions.
Presented by Andrew K. Gibbs, CFA, CPA/ABV, and Jeff K. Davis, CFA of Mercer Capital at Bank Director's 2015 Acquire or Be Acquired Conference on January 26, 2015
The Intersection of Construction & FinTech 10.06.20Erica Amatori
As a firm, we have been very outspoken regarding our bullishness on Construction & Development Tech. Over the past 2 years, we have been publishing research and stating our case for why Construction Tech will evolve into its own behemoth of a category.
Mercer Capital | A Layperson's Guide to the Option Pricing ModelMercer Capital
Mercer Capital's whitepaper on the option pricing model, often used to value ownership interests in early-stage companies. Developed in response to the need to reliably estimate the value of different economic rights in complex capital structures, the OPM models the various capital structure components as a series of call options on underlying total equity value. Through a detailed example, Travis W. Harms explains key concepts including breakpoints and tranches in a straightforward and non-technical way, taking the mystery out of OPM terms such as “breakpoint” and “tranche”. Relative to the probability-weighted expected return method, the principal strengths of the OPM include the small number of required assumptions and auditability. The PWERM, in contrast, offers greater flexibility and transparency. Harms closes with some thought on reconciling OPM results with the market participant perspective.
Mercer Capital's Value Focus: FinTech Industry | Third Quarter 2021 Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. This newsletter focuses on FinTech segments, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity.
Mercer Capital's Investment Management Industry Newsletter | Q2 2021 | Focus:...Mercer Capital
Mercer Capital’s Investment Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
Understand the Value of Your InsurTech CompanyMercer Capital
Valuing an InsurTech company can be complicated and difficult, but carries important significance for employees, investors, and stakeholders for the company. While all InsurTech companies have differences, including what niche (distribution, claims, benefits, etc.) they operate in or what stage of development the company is in, understanding the value of the business is critically important.
Mercer Capital's Value Focus: FinTech Industry | Second Quarter 2015Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. This newsletter focuses on FinTech segments, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity.
Mercer Capital | Getting It Right: Loan Valuation and Credit Marks in Today's...Mercer Capital
Although investors and perhaps bankers are not as focused on credit as was the case several years ago, properly assessing credit risk and determining appropriate credit marks remains the key arbiter in determining whether a deal is destined to struggle or meet/exceed expectations. This session looked at the evolution of loan portfolio valuations as part of due diligence and M&A pricing since the financial crisis. Davis and Gibbs provided insight into some of the nuances around the evaluation process and what to look for in terms of potential potholes regarding potential acquisitions.
Presented by Andrew K. Gibbs, CFA, CPA/ABV, and Jeff K. Davis, CFA of Mercer Capital at Bank Director's 2015 Acquire or Be Acquired Conference on January 26, 2015
The Intersection of Construction & FinTech 10.06.20Erica Amatori
As a firm, we have been very outspoken regarding our bullishness on Construction & Development Tech. Over the past 2 years, we have been publishing research and stating our case for why Construction Tech will evolve into its own behemoth of a category.
Mercer Capital | A Layperson's Guide to the Option Pricing ModelMercer Capital
Mercer Capital's whitepaper on the option pricing model, often used to value ownership interests in early-stage companies. Developed in response to the need to reliably estimate the value of different economic rights in complex capital structures, the OPM models the various capital structure components as a series of call options on underlying total equity value. Through a detailed example, Travis W. Harms explains key concepts including breakpoints and tranches in a straightforward and non-technical way, taking the mystery out of OPM terms such as “breakpoint” and “tranche”. Relative to the probability-weighted expected return method, the principal strengths of the OPM include the small number of required assumptions and auditability. The PWERM, in contrast, offers greater flexibility and transparency. Harms closes with some thought on reconciling OPM results with the market participant perspective.
Mercer Capital's Value Focus: FinTech Industry | Third Quarter 2021 Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. This newsletter focuses on FinTech segments, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity.
Mercer Capital's Investment Management Industry Newsletter | Q2 2021 | Focus:...Mercer Capital
Mercer Capital’s Investment Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
Fund Admin: the Zoo of Data & the Data Science SolutionInvestCloud Inc.
We're InvestCloud - California-based with a global presence, known for first-class, financial digital solutions, pre-integrated in the cloud. We create beautifully designed client experiences and intuitive operations solutions using our ever-expanding library of digital modular apps.
Mercer Capital's Value Focus: Auto Dealer Industry | Mid-Year 2021Mercer Capital
Mercer Capital's Auto Dealer Industry newsletter provides perspective on valuation issues. Each newsletter also includes a macroeconomic trends, industry trends, and guideline public company metrics.
Mercer Capital's Investment Management Industry Newsletter | Q4 2021 | Focus:...Mercer Capital
Mercer Capital’s Investment Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
Mercer Capital's Investment Management Industry Newsletter | Q1 2021 | Focus:...Mercer Capital
Mercer Capital’s Investment Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
Mercer Capital's Investment Management Industry Newsletter | Q4 2021 | Focus:...Mercer Capital
Mercer Capital’s Investment Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
Mercer Capital's Value Focus: Auto Dealer Industry | Year-End 2020Mercer Capital
Mercer Capital's Auto Dealer Industry newsletter provides perspective on valuation issues. Each newsletter also includes a macroeconomic trends, industry trends, and guideline public company metrics.
Mercer Capital's Investment Management Industry Newsletter | Q1 2020 | Focus:...Mercer Capital
Mercer Capital’s Investment Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Mark...Mercer Capital
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Marks and Trends Newsletter provides a brief digest and commentary of some of the most relevant market trends influencing the fair value regarding private equity portfolio investments.
Mercer Capital's Investment Management Industry Newsletter | Q3 2020 | Focus:...Mercer Capital
Mercer Capital’s Investment Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
Mercer Capital's Bank Watch | July 2021 | Tangible Book Value Earn-Back : A S...Mercer Capital
Brought to you by the Financial Institutions Team of Mercer Capital, this monthly newsletter is focused on bank activity in five U.S. regions. Bank Watch highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions, providing insight into financial institution valuation issues.
What Family Business Advisors Need to Know About ValuationMercer Capital
Family business advisors help companies and leaders navigate a wide range of business and family challenges, ranging from corporate governance to succession planning to family relationship dynamics and all points in between. This whitepaper helps fill in that gap.
Mercer Capital | Valuation Insight | Corporate Finance in 30 Minutes Mercer Capital
Corporate finance does not need to be a mystery.
In this whitepaper, we have distilled the fundamental principles of corporate finance into an accessible and non-technical primer. Structured around the three key decisions of capital structure, capital budgeting, and dividend policy, the guide is designed to assist directors and shareholders without a finance background to make relevant and meaningful contributions to the most consequential financial decisions all companies must make. Our goal with this whitepaper is to give directors and shareholders a vocabulary and conceptual framework for thinking about strategic corporate finance decisions, allowing them to bring their perspectives and expertise to the discussion.
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Mark...Mercer Capital
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Marks and Trends Newsletter provides a brief digest and commentary of some of the most relevant market trends influencing the fair value regarding private equity portfolio investments.
Mercer Capital's Asset Management Industry Newsletter | Q3 2012 | Focus: Alte...Mercer Capital
Mercer Capital’s Asset Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
Mercer Capital's Portfolio Valuation: Private Equity and Credit | Q1 2020Mercer Capital
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Marks and Trends Newsletter provides a brief digest and commentary of some of the most relevant market trends influencing the fair value regarding private equity portfolio investments.
Mercer Capital's Financial Reporting Update | Goodwill Impairment Mercer Capital
Mercer Capital’s latest financial reporting update focuses on the topic of goodwill impairment. In this whitepaper, we feature five articles:
Financial Reporting Fallacy: The Whole May Appear Healthier Than the Parts
Industry Considerations for Step Zero: Qualitative Assessments
Accounting Standards Update 2016-01: Impairment Considerations for Equity Investments
What is the Order of Testing for Impairment?
Tax Reform and Impairment Testing
Mercer Capital's Value Focus: Venture Capital | Mid-Year 2016Mercer Capital
Mercer Capital's Venture Capital newsletter provides perspective on some of the most relevant market trends affecting venture capital firms and other financial sponsors.
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Mark...Mercer Capital
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Marks and Trends Newsletter provides a brief digest and commentary of some of the most relevant market trends influencing the fair value regarding private equity portfolio investments.
This brochure presents our flagship offerings, PAMM/MAM
solutions and FIX API access, designed to empower you with
sophisticated tools and exceptional execution for seamless
trading and maximum control
Specialty insurance is, well special, because each risk can be unique and complex. So is it really possible to improve specialty lines underwriting? The answer is a resounding yes!
In this eBook, we’ll share best practices and lessons learned in improving specialty lines underwriting.
You’ll learn how you can use underwriting risk management systems to:
Improve underwriting profitability
Seize new market opportunities
Provide world-class broker service
View and download the complimentary survey results.
Fund Admin: the Zoo of Data & the Data Science SolutionInvestCloud Inc.
We're InvestCloud - California-based with a global presence, known for first-class, financial digital solutions, pre-integrated in the cloud. We create beautifully designed client experiences and intuitive operations solutions using our ever-expanding library of digital modular apps.
Mercer Capital's Value Focus: Auto Dealer Industry | Mid-Year 2021Mercer Capital
Mercer Capital's Auto Dealer Industry newsletter provides perspective on valuation issues. Each newsletter also includes a macroeconomic trends, industry trends, and guideline public company metrics.
Mercer Capital's Investment Management Industry Newsletter | Q4 2021 | Focus:...Mercer Capital
Mercer Capital’s Investment Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
Mercer Capital's Investment Management Industry Newsletter | Q1 2021 | Focus:...Mercer Capital
Mercer Capital’s Investment Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
Mercer Capital's Investment Management Industry Newsletter | Q4 2021 | Focus:...Mercer Capital
Mercer Capital’s Investment Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
Mercer Capital's Value Focus: Auto Dealer Industry | Year-End 2020Mercer Capital
Mercer Capital's Auto Dealer Industry newsletter provides perspective on valuation issues. Each newsletter also includes a macroeconomic trends, industry trends, and guideline public company metrics.
Mercer Capital's Investment Management Industry Newsletter | Q1 2020 | Focus:...Mercer Capital
Mercer Capital’s Investment Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Mark...Mercer Capital
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Marks and Trends Newsletter provides a brief digest and commentary of some of the most relevant market trends influencing the fair value regarding private equity portfolio investments.
Mercer Capital's Investment Management Industry Newsletter | Q3 2020 | Focus:...Mercer Capital
Mercer Capital’s Investment Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
Mercer Capital's Bank Watch | July 2021 | Tangible Book Value Earn-Back : A S...Mercer Capital
Brought to you by the Financial Institutions Team of Mercer Capital, this monthly newsletter is focused on bank activity in five U.S. regions. Bank Watch highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions, providing insight into financial institution valuation issues.
What Family Business Advisors Need to Know About ValuationMercer Capital
Family business advisors help companies and leaders navigate a wide range of business and family challenges, ranging from corporate governance to succession planning to family relationship dynamics and all points in between. This whitepaper helps fill in that gap.
Mercer Capital | Valuation Insight | Corporate Finance in 30 Minutes Mercer Capital
Corporate finance does not need to be a mystery.
In this whitepaper, we have distilled the fundamental principles of corporate finance into an accessible and non-technical primer. Structured around the three key decisions of capital structure, capital budgeting, and dividend policy, the guide is designed to assist directors and shareholders without a finance background to make relevant and meaningful contributions to the most consequential financial decisions all companies must make. Our goal with this whitepaper is to give directors and shareholders a vocabulary and conceptual framework for thinking about strategic corporate finance decisions, allowing them to bring their perspectives and expertise to the discussion.
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Mark...Mercer Capital
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Marks and Trends Newsletter provides a brief digest and commentary of some of the most relevant market trends influencing the fair value regarding private equity portfolio investments.
Mercer Capital's Asset Management Industry Newsletter | Q3 2012 | Focus: Alte...Mercer Capital
Mercer Capital’s Asset Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
Mercer Capital's Portfolio Valuation: Private Equity and Credit | Q1 2020Mercer Capital
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Marks and Trends Newsletter provides a brief digest and commentary of some of the most relevant market trends influencing the fair value regarding private equity portfolio investments.
Mercer Capital's Financial Reporting Update | Goodwill Impairment Mercer Capital
Mercer Capital’s latest financial reporting update focuses on the topic of goodwill impairment. In this whitepaper, we feature five articles:
Financial Reporting Fallacy: The Whole May Appear Healthier Than the Parts
Industry Considerations for Step Zero: Qualitative Assessments
Accounting Standards Update 2016-01: Impairment Considerations for Equity Investments
What is the Order of Testing for Impairment?
Tax Reform and Impairment Testing
Mercer Capital's Value Focus: Venture Capital | Mid-Year 2016Mercer Capital
Mercer Capital's Venture Capital newsletter provides perspective on some of the most relevant market trends affecting venture capital firms and other financial sponsors.
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Mark...Mercer Capital
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Marks and Trends Newsletter provides a brief digest and commentary of some of the most relevant market trends influencing the fair value regarding private equity portfolio investments.
This brochure presents our flagship offerings, PAMM/MAM
solutions and FIX API access, designed to empower you with
sophisticated tools and exceptional execution for seamless
trading and maximum control
Specialty insurance is, well special, because each risk can be unique and complex. So is it really possible to improve specialty lines underwriting? The answer is a resounding yes!
In this eBook, we’ll share best practices and lessons learned in improving specialty lines underwriting.
You’ll learn how you can use underwriting risk management systems to:
Improve underwriting profitability
Seize new market opportunities
Provide world-class broker service
View and download the complimentary survey results.
Prospero Asset Management Software by FINARTIS is a solution that helps asset managers stay ahead of the curve by analyzing & trading any kind of financial instrument.
Visit https://www.finartis.com/asset-management/ for more information.
AIM: The Solution for Alternative AssetsMitch Ackles
AIM centralizes institutional knowledge related to fundraising, investment due diligence, and portfolio management for Alternative Asset Fund Managers and Institutional Investors. Using AIM means better communication with limited partners. It means centralized knowledge related to fundraising, investment due diligence, and portfolio management. And it means a more thorough understanding of all of the investments in your universe, your pipeline, and your portfolio. Ultimately, AIM makes your team more efficient and helps you demonstrate a unique and regimented process to your investors and stakeholders.
Learn more at http://www.app-x.com/
Contact us for a demo: http://www.app-x.com/contact/
Top 10 retail franchisor accounting best practices whitepaperAlex King
By viewing this free whitepaper you will learn:
- How to reduce costs for both retail franchisee and retail franchisor
- Find out how to use data to make informed decisions to improve performance
- How to manage risk more effectively
- How to monitor fraud and non-compliance
Asset management is the art and science of making the right decisions and optimizing the delivery of value. A common objective is to minimize the whole life cost of assets but there may be other critical factors such as risk or business continuity to be considered objectively in this decision making.
The Multi-Channel Workforce: Transforming the Way Work Gets DoneSAP Fieldglass
In the fast-paced digital economy, organizations who can be agile have the advantage. The more nimble a company is, the better it can respond to competitive threats and pivot to capitalize on new opportunities. As a result, the way businesses operate is changing. Today, organizations rely on many sources of talent beyond their full-time employees – from contingent workers to Statement of Work-based consultants, freelancers to gig workers and beyond.
At SAP Fieldglass, we refer to this as the multi-channel workforce.
Engaging the multi-channel workforce allows companies to access critical skills, scale up and down to meet demand and increase speed to value. So to be successful, they need to be able to deploy these resources quickly and manage them effectively.
This is where SAP Fieldglass comes in. Our platform helps customers find, source and strategically manage their multi-channel workforce. It easily connects them with millions of resources around the globe and helps them answer critical questions including:
• Who is working for you?
• What are their skills? And what are they doing?
• Where are they located?
• Which facilities and systems are they accessing?
• How much are you paying them?
View the slideshare to learn how today’s multi-channel workforce is helping companies be more agile, strategic and resourceful in their use of external talent.
Evolve from Data Management to Portfolio Intelligence. Our analytic platform acts a central hub to integrate and automate all your data, analytic software packages, calculations, and reports. Rich data visualizations and custom dashboards can be created to suit your needs.
Join Decision Management Solutions, Velocity Business Services and Datarobot as we discuss the importance of operational decisions, industrialized predictive analytics and business learning in creating a predictive enterprise.
A process for defining your digital approach to businessMark Albala
This material represents a templated approach specifically constructed to define your approach to digital commerce completed through one or more working sessions.
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...Ramesh Iyer
In today's fast-changing business world, Companies that adapt and embrace new ideas often need help to keep up with the competition. However, fostering a culture of innovation takes much work. It takes vision, leadership and willingness to take risks in the right proportion. Sachin Dev Duggal, co-founder of Builder.ai, has perfected the art of this balance, creating a company culture where creativity and growth are nurtured at each stage.
Key Trends Shaping the Future of Infrastructure.pdfCheryl Hung
Keynote at DIGIT West Expo, Glasgow on 29 May 2024.
Cheryl Hung, ochery.com
Sr Director, Infrastructure Ecosystem, Arm.
The key trends across hardware, cloud and open-source; exploring how these areas are likely to mature and develop over the short and long-term, and then considering how organisations can position themselves to adapt and thrive.
Kubernetes & AI - Beauty and the Beast !?! @KCD Istanbul 2024Tobias Schneck
As AI technology is pushing into IT I was wondering myself, as an “infrastructure container kubernetes guy”, how get this fancy AI technology get managed from an infrastructure operational view? Is it possible to apply our lovely cloud native principals as well? What benefit’s both technologies could bring to each other?
Let me take this questions and provide you a short journey through existing deployment models and use cases for AI software. On practical examples, we discuss what cloud/on-premise strategy we may need for applying it to our own infrastructure to get it to work from an enterprise perspective. I want to give an overview about infrastructure requirements and technologies, what could be beneficial or limiting your AI use cases in an enterprise environment. An interactive Demo will give you some insides, what approaches I got already working for real.
DevOps and Testing slides at DASA ConnectKari Kakkonen
My and Rik Marselis slides at 30.5.2024 DASA Connect conference. We discuss about what is testing, then what is agile testing and finally what is Testing in DevOps. Finally we had lovely workshop with the participants trying to find out different ways to think about quality and testing in different parts of the DevOps infinity loop.
"Impact of front-end architecture on development cost", Viktor TurskyiFwdays
I have heard many times that architecture is not important for the front-end. Also, many times I have seen how developers implement features on the front-end just following the standard rules for a framework and think that this is enough to successfully launch the project, and then the project fails. How to prevent this and what approach to choose? I have launched dozens of complex projects and during the talk we will analyze which approaches have worked for me and which have not.
GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using Deplo...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
Connector Corner: Automate dynamic content and events by pushing a buttonDianaGray10
Here is something new! In our next Connector Corner webinar, we will demonstrate how you can use a single workflow to:
Create a campaign using Mailchimp with merge tags/fields
Send an interactive Slack channel message (using buttons)
Have the message received by managers and peers along with a test email for review
But there’s more:
In a second workflow supporting the same use case, you’ll see:
Your campaign sent to target colleagues for approval
If the “Approve” button is clicked, a Jira/Zendesk ticket is created for the marketing design team
But—if the “Reject” button is pushed, colleagues will be alerted via Slack message
Join us to learn more about this new, human-in-the-loop capability, brought to you by Integration Service connectors.
And...
Speakers:
Akshay Agnihotri, Product Manager
Charlie Greenberg, Host
Mission to Decommission: Importance of Decommissioning Products to Increase E...
SaaS for Investment Managers
1. Software as a Service (SaaS)
TandemModels
TandemModels® is delivered to investment managers and advisors in a single platform environment
(SaaS) for asset allocation model design and management, trading, cash flow management, portfolio
re-balancing, performance reporting, and custodial integration and reconciliation.
®
2. INVEST N RETIRE® 12-APRIL-16
Seamlessly Managing Your Clients Portfolios
A study by Aite Group reported: “RIA firms (Investment managers) waste an average of two days per week
on operational tasks, rather than serving existing clients or acquiring new clients, when they are not using
fully integrated systems. An integrated system can boost firm revenue by up to 30 percent by giving them
more time to focus on client service and practice management.”
“Investment Managers that have some integration have close to twice the amount of investable assets
compared to RIAs that lack integration.” 1
TAMPS Limited by Software Integration
Unlike Turnkey Asset Management Programs (TAMPs), which provide investment managers with software
integration that rely on third party software products, Invest n Retire, LLC (INR) provides managers with
a single platform environment, TandemModels®. Managers use TandemModels® to build and manage
portfolios; eliminating the need to integrate third party applications.
TandemModels® provides managers with a vertically integrated solution2
that gives them the ability to
trade exchange traded funds (ETFs) and securities intraday with dynamic access to real-time pricing via
FIX connections.3
Through our system managers realize efficiencies in trading with direct market access
(DMA), crossing networks and algorithmic strategies, allowing them to focus more time on client service
and practice management.
“We believe investment managers will benefit from leveraging TandemModels® trading proficiencies
which aims to minimize market impact and timing risk while improving execution quality and opportunity
cost.” Darwin Abrahamson, Founder and CEO, Invest n Retire, LLC
Software as a Service (SaaS)
Invest n Retire® Software as a Service (SaaS) hosting model goes beyond mere software integration;
increasing efficiencies while reducing technology costs by 40% or more compared to Application Service
Provider (ASP) models and software integration platforms. SaaS eliminates the need to purchase servers
and software which require IT support, upgrades, data backup, data security, and disaster recovery.
Wealth Management
INR’s record keeping technology allows professional investment managers to consolidate client accounts
into one Master Omnibus Account through a trust company or broker/dealer. Consolidating multiple
managed accounts into one Master Account eliminates data transfer and reconciliation problems among
multiple custodians and enables clients to drastically reduce the cost for custody services while
eliminating trade-away fees charged by the big four custodians.4
“Our technological proficiency and working relationship with custodians, who do not charge trade-away
fees, enables managers to seek best execution without being penalized.” Darwin Abrahamson
1 Aite RIA Productivity and Profitability: Integration Pays 2013
2 A study by Aite Group: “RIA firms (investment managers) waste an average of two days per week on operational tasks, rather
than serving existing clients or acquiring new clients, when they are not using fully integrated systems. An integrated system can
boost firm revenue by up to 30% by giving them more time to focus on client service and practice management.”
3 Financial Information eXchange (FIX) is an electronic communications protocol for optimizing electronic trading.
4 Trade-away fees are charged by the big four custodians, when an investment manager or RIA places trades through
a broker-dealer other than the one owned by the custodian. The Big Four: Schwab Advisor Services, TD Ameritrade,
Pershing Advisor Solutions, and Fidelity Institutional Wealth Services
3. INVEST N RETIRE® 12-APRIL-16
Exorbitant Trade-Away Fees Charged by the Big Four Custodians
Investment managers desire best execution for clients. However, when you consider that the big four RIA
custodians are charging advisory firms giant fees for trading away, sometimes in the tens of thousands,
the importance of low custodial cost and the elimination of trade-away fees is magnified.
“Schwab Advisor Services, TD Ameritrade Institutional, Pershing Advisor Solutions, and Fidelity
Institutional Wealth Services are levying what are known as “trade-away” fees to RIA firms that buy
exchange traded funds through a broker-dealer other than the one owned by the custodian. The advisor
typically chooses to use third parties because they believe that RIA custodians are executing trades poorly
along the bid-ask curve and forcing them to make ETF purchases at unacceptably high prices.” 5
“Industry leaders say these new ETF-related fees from custodians are a major problem . . .”6
Chris Romano, director of research and trading with Fusion Investments Group comments: “We don’t even
consider trading away at Fidelity because of the high ticket trade away fee. On the smaller account sizes,
it can be a really significant fee. If the fee is $20 that can really add up.” 7
Institutional Trade Execution with Transaction Cost Analysis Reporting
Invest n Retire® provides access to leading institutional execution desks that specialize in sourcing liquidity
for equities, options, futures and ETFs. This provides investment managers with Direct Market Access
(DMA), a suite of algorithms, block liquidity, NAV executions, and translation trades, which use correlated
products to enhance liquidity.
Investment managers will have the ability to adjust execution methodologies to match total order size
and timeframe with their objectives. By evaluating several factors such as quantity, liquidity, volatility of
the underlying components and market conditions, an institutional execution desk can source liquidity
efficiently, anonymously, and with minimal market impact.
Prior to order execution, an experienced institutional execution desk can help determine several factors
such as the most cost-effective execution (e.g. is the expected execution price plus risk premium of the
ETF greater than the expected execution price of the underlying components plus costs) and the ideal
approach to align fill prices with the appropriate benchmark (e.g. closing price, opening price, NAV,
National Best Bid and Offer (NBBO).
Upon the conclusion of each trade day, investment managers have access to a best execution report that
measures performance against the NBBO, VWAP or other relevant benchmark. For larger, more complex
trades, manager may request a market impact analysis.
Self-Aligning Portfolios™
Our patented technology includes a feature within its trading component, Self-Aligning Portfolios™.
Instead of investing a client’s cash contributions based on the percent allocation for each investment
option within the model‚ our system analyzes each holding within the portfolio and determines if a holding
is under-weighted or over-weighted according to the percent allocation for the model.
5 RIA Custodians Charge Steep new ETF-related Fees RIABIZ November 18, 2013
6 Ibid.
7 Ibid.
4. INVEST N RETIRE® 12-APRIL-16
After the analysis‚ the system uses the cash to purchase more shares for any investment that is under-
weighted and fewer shares for any investment that is over-weighted. “By investing contributions using
this methodology‚ each portfolio maintains its balance by self-aligning itself with each cash flow‚” explains
Darwin Abrahamson.
Reports and Client Web Portal
TandemModels® provides time weighted performance reporting for clients and GIPs reporting for
investment managers. TandemModels® also provides detailed transaction reporting which includes
trading costs and SEC fees. Our client Web portal is smart phone accessible and can be customized with
an investment manager’s logo and colors, at no additional cost.
Summary
SaaS technology is an all-inclusive business architecture which delivers value rather than disconnected
software which TAMPS attempt to piece together. With our SaaS hosting model investment managers will
reduce their total operating cost and staff hours required to service clients which will increase their firm’s
net income. And, by reducing custody costs and eliminating steep trade-away fees, managers will be able
to add smaller client accounts cost effectively.
About Invest n Retire, LLC
Invest n Retire, LLC is a technology company located in Portland, Ore. INR develops proprietary software
for record keeping and trading in qualified tax-deferred retirement plans and taxable managed accounts.
Darwin Abrahamson founded Invest n Retire® in 2004 with the objective to build a system which would
reduce costs while efficiently adding exchange traded funds (ETFs) as investments in defined contribution
plans. INR’s patented technology, System and Method for Managing Tax-deferred Retirement Accounts,
(pat. US 8,060,428 and pat. US 8,639,604) solves a multitude of problems confronting the retirement and
wealth management industries.
Contact Darwin Abrahamson at darwin@investnretire.com or 503-217-2021 for more information.
Supplements
The Difference Matters
A Revolution is Underway
5. INVEST N RETIRE® 12-APRIL-16
The Difference Matters
FEATURES8
TANDEMMODELS® ROBO TAMP
Model Design Investment managers ROBO9
Investment managers
Investment selection
1,500 ETFs, Equities,
Fixed Income, and Options
Restricted - 7 to 13 ETFs Restricted - varies by TAMP
Distribution
Advisors, RIAs, investment
managers, and ETF providers
ROBO and advisors Advisors
Model selection Digital investor selects model
ROBO questionnaire
determines model
Advisor introduces prospect
to investment manager
Investment manager
(IM) White Label Web10
Portfolio information, disclosure
documents, and agreements
to open account
N/A N/A
Open account
IM White Label Web includes
eSignature with ACH deposit
ROBO may provide
eSignature with ACH deposit
Varies by TAMP
Custodial account
Each investment manager opens
one custodial account for all
clients that select manager.
Each client opens
separate custodial account
Each client opens
separate custodial account
Record keeper Invest n Retire LLC (INR)11
Custodian Custodian
Fee
INR monthly record keeping fee
Manager charges advisory fee
Advisory fee - may allow
free service AUM = 5k to 10k
Advisory fee
System
Single platform environment
with delivery as SaaS12
for IM,
custodian, and clients
Proprietary software
to service clients
Integrates separate
software products for IM
TANDEMMODELS® is a registered trademark of Invest n Retire, LLC
8 Growth projections vary widely but assets managed … could reach $5 trillion over the next decade, according to Citigroup, which believes
the uptick will be fueled by the growing wealth of younger, more tech-savvy investors. Robo-advisers mark ‘seismic’ shift in wealth
management, The Financial Times Ltd., reporter Chris Flood, Sept 20, 2015
9 ... robo-advisers lack both the investment sophistication of established managers and the human touch of investment advisors …
Asset Managers Prepare to Have Your Business Disrupted, Institutional Investor, April 11, 2016
10 Investment manager white label WEB site provided by Invest n Retire®
11 … intermediaries … offer access to otherwise inaccessible managers … Intermediaries need to add increasing value to money holders
and money managers while keeping costs low … Asset Managers Prepare to Have Your Business Disrupted, Institutional Investor April-16
12 SaaS technology is an all-inclusive business architecture which delivers value rather than disconnected software products.
6. INVEST N RETIRE® 12-APRIL-16
A Revolution is Underway
Invest n Retire® Schwab Intelligent Portfolios Betterment Wealthfront
$5,000 minimum $5,000 minimum No minimum $500 minimum
Monthly record keeping fee per account13 No fee - revenue generated from: 0.35% less than $10,000 and First $10,000 no fee
$7.50 per month < $100,000 Schwab Bank Sweep Program14 monthly $100 deposit or $3 per month 0.25% greater than $10,000
$15.00 per month > $100,000 Trading firms and exchanges15 0.25% from $10,000 to $100,000
Third party money managers charge advisory fee Fee paid by 3rd party ETFs16 0.15% greater than $100,000
1% cash balance 7% to 30% cash balance17 No cash balance Cash balance equal to annual fee
Custodian: Capital Institutional Services Custodian: Charles Schwab & Co. Inc. Custodian: Betterment Securities Custodian: Apex Clearing Corporation
1,500 ETFs, Equities, Fixed Income, and Options 54 ETFs18 12 ETFs 7 ETFs
Model design: Third party investment managers Model design: Schwab Investment Advisory Model design: Betterment Model design: Wealthfront
Broker/Dealer: Capital Institutional Services Broker/Dealer: Charles Schwab Broker/Dealer: Betterment Securities Broker/Dealer: Wealthfront Brokerage
Broker: Numerous Broker: UBS Securities LLC Broker: Apex Clearing Corporation19 Broker: Apex Clearing Corporation20
Intra-day trading during market hours. FIX
connections with trades executed in seconds.
No intra-day trading and may not trade daily21 Intra-day and execute within five minutes22 During Wealthfront trading window23
13 Invest n Retire, LLC adds value through technology to keep costs low while giving digital investors access to previously inaccessible professional investment managers.
14 Each investment strategy involves the Sweep Allocation to the Sweep Program. The Sweep Allocation ranges from 7% to 30% of an account’s value. The Sweep Program is a
feature of the Program that clients cannot eliminate . . . This is because . . . clients do not pay a Program fee. Schwab Intelligent Portfolios disclosure brochure March 30 2016
15 Ibid.
16 Ibid.
17 Schwab expects … Schwab Bank will earn more income from the deposit accounts than Schwab or Schwab Wealth Investment Advisory will earn from their services or activities
in the program, although Charles Schwab Investment Management will also earn income from the Schwab ETFs in program accounts. Schwab tells the SEC its robo-advisor has
30 basis-point fee and big-time cash allocations held by Schwab Bank, RIABiz.com reporter Lisa Shidler Feb 2015
18 Of the 54 ETFs Schwab is using, 14 come from Schwab itself and eight come from its OneSource program of outside funds sold on commission. Blog Fight! War of Words Breaks
in a Multitrillion Dollar Industry, Matthew Zeitlin, BuzzFeed News reporter March 15, 2015
19 Apex receives payment from KCG Americas LLC. (KCG), Citadel Securities LLC (Citadel) and Two Sigma Securities (TSS) for directing order flow. Payments received from KCG,
Citadel, and TSS averaged less than $0.0020 per share. APEX receives payment from Instinet, LLC for orders routed that are subsequently executed. The rate for adding liquidity
to Instinet averaged less than $0.0030 per share. Source: APEX Clearing Corporation Rule 606 Disclosure Report 2015Q4
20 Ibid.
21 Using portfolio management software … Program monitoring and trading are subject to systems as well as technology constraints and availability, and therefore may not take
place daily. Schwab Intelligent Portfolios disclosure brochure March 30 2016
22 Betterment: Trades execute throughout the day and as soon as possible. … this is generally within five minutes, which is the time it takes us to process and execute your order.
23 Wealthfront: … trade … as often as every day throughout the trading window, pausing only for blackout periods.