Calastone actively worked with the Australian arm of global fund manager Dimensional Fund Advisors and other fund managers to create a reporting solution that overcomes the challenges of digesting disparate monthly data from multiple platforms.
Calastone’s technology ingests platform data that varies in format, fields and timeframes, which often change month-to-month, to create a standardised, consistent view of distribution activity.
The ability to quickly and easily analyse flow data is essential for understanding adviser distribution and clearly see who is driving inflows and outflows and refine business development activity. In the past, this has been very challenging with significant time, energy and resources taken up in combining the various data flows.
Ross Fox, Managing Director, Head of Australia and New Zealand at Calastone, commented: “Building intelligence and responsiveness into adviser engagement models is critical, particularly as the industry transitions around industry reforms, new technologies and changing investor demands.
“We are extremely grateful for the input and commitment from our early adopters in helping us optimise the functionality of our Wrap Reporting service. Each is already deriving meaningful and valuable insights from the reliable data that the service securely delivers.
“These timely insights help fund managers identify, understand and ultimately better manage behaviours and events that trigger fund flows, empowering business development teams to engage more proactively with advisers and improve the service they offer.”
To get a full overview of Calastone Wrap Reporting Solution, please visit: https://www2.calastone.com/wrapreporting