The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Northern Trust Enhances Asset Valuation Capabilities for Investment Operations Outsourcing Clients

Northern Trust announced today it has strengthened its client specific asset pricing capabilities for investment managers on its Investment Operations Outsourcing platform through an agreement with Broadridge Financial Solutions, a technology services company that provides information processing for investor communications and securities transactions.

Under the agreement, Northern Trust will utilise Broadridge’s Managed Data Service to further automate flexible pricing models for Investment Operations Outsourcing clients and monitor complex and customised pricing rules with consistent oversight and transparency.

“Northern Trust sets the highest standards in outsourcing support for investment managers, and we have selected Broadridge as a trusted provider that shares our values,” said Paul Fahey, head of the Global Fund Services Product Group at Northern Trust. “With this agreement, Northern Trust continues to strengthen its Investment Operations Outsourcing capabilities worldwide, providing a balance of flexibility in pricing strategies with valuation oversight. These are critical in today’s complex and volatile markets.”

The enhanced service delivers price calculation capabilities, including blended fixed income prices and depository receipt prices based on the underlying asset price. Additionally, investment managers can review their pricing model effectiveness and analyse pricing exceptions and variances through client defined control reporting.

Lisa Lidsky, vice president, Securities Processing Solutions, Broadridge, commented: “We are delighted to support Northern Trust through our Managed Data Service. In these times of increasingly tighter regulation and industry change initiatives, it is gratifying to see our clients benefiting from the significant investment in people, process and technology that Broadridge has undertaken to make this service available to its customer base. Broadridge’s Managed Data Service is a unique combination of the industry’s ‘best of breed’ technologies combined with Broadridge’s world class data centres, infrastructure and people, giving our clients a clear return on investment and time-to-market advantage.”

Northern Trust provides a robust client pricing service for its Global Fund Services clients, offering multiple pricing sources with client customisation, including options for direction of primary and secondary sources, hard to price assets, and price modelling. Through this service, clients receive valuations and reporting from Northern Trust that reflect their internal pricing policies that can be modified as market trends and/or investment strategies dictate.

Related content

WEBINAR

Recorded Webinar: Evolution of data management for the buy-side 2021

The buy-side faced a barrage of regulation in 2020 and is now under pressure to make post-Brexit adjustments and complete LIBOR transition by the end of 2021. To ensure compliance and ease the burden of in-house data management, many firms turned to outsourcing and managed services. But there is more to come, as buy-side firms...

BLOG

Alveo Integrates ULTUMUS Index and ETF Managed Data Service with Prime

Alveo and ULTUMUS, an exchange-traded fund (ETF) specialist, have partnered to bring together Alveo’s data mastering solution, Prime, and ULTUMUS’s global ETF and index managed data service. The partnership aims to enable Alveo customers to integrate index and ETF information more quickly, and allow ULTUMUS’s clients to enhance their data mastering and data integration capabilities....

EVENT

Virtual Briefing: ESG Data Management – A Strategic Imperative

This briefing will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Best Practice Client Onboarding

Client onboarding is central to the success of banks, yet it continues to present challenges and the benefits of getting it right are difficult to achieve. The challenges arise from siloed systems, manual processes and poor entity data quality. The potential benefits of successful implementation include excellent client experience, improved client acquisition and loyalty, new business opportunities, reductions in costs, competitive advantage, and confidence in compliance.