Accounting RFP for Multi-Family Office

BACKGROUND Meradia was retained by an $8 billion AUM multi-family office to assess their investment application stack, organizational design, and operational processes. Like many investment management firms, the company had grown over time and their system stack had become ‘patchworked’, resulting in an operating model that had become overly manual and inefficient. Our initial assessment determined that most of the functional pain could be traced back to a lack of a fit-for-purpose investment book of record. In addition to the IBOR need, the multi-family office sought a comprehensive accounting package that could meet multiple operational objectives including IBOR, General... Read Full Article

Performance and Attribution Capabilities Audit for a Global Asset Servicing Company

ENGAGEMENT Meradia’s client, a global asset servicing company, acquired a Central European asset servicing firm, which included a middle-office software vendor. The software vendor served both the newly acquired Central European asset servicing business and had independent clients. Meradia was engaged to identify and evaluate ways our client could leverage this newly acquired software asset. Options included: sell the software and technology arm; leverage the vendor platform as a new foundation to replace aging North American infrastructure; and, integrate this new platform into its overall product strategy, focusing its use on particular product segment. The vendor’s performance and attribution... Read Full Article

Asset Manager Client Reporting Requirements and Vendor Selection

BACKGROUND An investment management firm with ~$100 billion AUM wanted to ensure their end-state client reporting platform would support the investment management firm’s evolving business. They retained Meradia to lead a strategic initiative to evaluate the current client reporting environment, prioritize and document future state reporting requirements. Following this, Meradia led the client through a selection process and made recommendations for future solutions and operational processes. ANALYSIS The assessment phase of the project provided a foundation to ensure the client’s end-state client reporting platform is consistent with industry best-practice and would support the investment management firm’s evolving business. This... Read Full Article

Performance Measurement and Attribution RFP and Selection for Global Asset Management Firm

BACKGROUND A top 10 global asset management firm’s performance measurement and attribution operation had grown over time into a disparate web of feeds, sources and platforms. Internal customers including the front-office and risk teams cobbled together different workflows often resulting in different results. Furthermore, performance calculation workflow had become excessively manually-intensive, creating risk on a variety levels including timeliness and accuracy. Precision and detail of performance reporting was falling behind that of market competitors and client retention was at risk. ANALYSIS Meradia coordinated and executed a series of interviews and workshops with all investment, risk and performance groups in... Read Full Article