Delta Data Collaborates with ICI for Enhanced Industry Insights
Delta Data, a leader in pooled asset processing for over 40 years, has announced a new partnership with the Investment Company Institute (ICI). This collaboration aims to simplify the participation process for asset management firms involved in ICI's Mutual Fund Transfer Agent Billing Trends and Practices Study.
Challenges in Data Collection
The asset management sector has long faced hurdles in collecting and submitting the necessary data for studies like this, which are essential for understanding fee structures and management practices. Firms often find the data extraction process to be time-consuming and complex, preventing them from effectively leveraging the insights that such studies provide.
To address these challenges, Delta Data has been working hand-in-hand with ICI’s survey team. Together, they’ve designed a streamlined approach that drastically reduces the effort required from firms while ensuring that accurate and timely data is collected.
Streamlining the Survey Process
The partnership's innovative solution includes the creation of custom data queries within Delta Data’s Fee Management platform. These tailored queries align directly with the survey's requirements, thereby allowing firms to easily extract the requested information without the usual friction involved in the process.
By utilizing these pre-built queries, clients will spend significantly less time gathering data, ultimately freeing them up to focus on more strategic initiatives. This approach not only enhances efficiency but also bolsters the accuracy of the data collected for the ICI study.
Client Perspectives and Benefits
Cameron Routh, CEO of Delta Data, expressed enthusiasm for this initiative, stating, "We are excited to support our clients in this significant industry study, which provides invaluable benchmarking data to help firms evaluate their fees and practices. This collaboration is a crucial step towards easing the data collection burden and empowering firms to leverage this information effectively in their operations."
As the study gains traction within the regulatory and financial sectors, its findings will have substantial implications. Independent directors and decision-makers rely on the results to evaluate fee reasonableness and market trends, illustrating the importance of timely and accurate data submissions.
Looking Ahead to the Study
The registration for the study will open soon, and data collection is poised to begin in the following months. With the support of Delta Data, participating firms can anticipate cleaner, more usable data that can drive internal efficiencies and contribute to improved decision-making practices.
Industry Support for the Initiative
ICI's Chief of Industry Operations, Jeff Naylor, expressed positive sentiments about the partnership, highlighting its potential to enhance data collection efficiency. He noted, "We view this joint commitment to process automation as a vital development that can create optimal efficiency for both Delta Data's clients and ICI-study participants. The outcomes from this study will empower firms to make informed business decisions for the shareholders they serve."
About Delta Data
Delta Data provides cutting-edge technology solutions for the global investment fund industry, overseeing trillions in assets for various financial institutions. With a robust suite of Software as a Service (SaaS) platforms, Delta Data serves some of the largest banks and asset managers, ensuring compliance and operational efficiency through automated data management.
About the Investment Company Institute
The ICI is the primary organization representing the asset management industry, appealing to various investment funds and accumulating a substantial amount of assets for individual investors. Their extensive reach includes funds registered under different investment acts, with a commitment to supporting sound investment operations across the board.
About Terminus Capital Partners
This growth-oriented private equity firm focuses on software solutions and aims to be a top partner for businesses in the software sector. Established in 2017, Terminus Capital Partners looks to enhance growth trajectories for company management teams and capital providers.
Frequently Asked Questions
What is the purpose of the Delta Data and ICI collaboration?
The collaboration aims to simplify the data submission process for asset management firms participating in ICI's industry study.
How will the new solution benefit participating firms?
It will reduce the time and effort required to collect and submit necessary data, ensuring reliable submissions.
Who expressed support for this initiative within Delta Data?
Cameron Routh, CEO of Delta Data, voiced excitement regarding the study's potential to benefit clients.
When will the study open for registration?
The registration for the study is set to open soon, with data collection scheduled to commence shortly thereafter.
What role does the Investment Company Institute play?
ICI represents the asset management industry, aiding firms in evaluating fees and understanding market trends.
