We’re reconciled, why is my performance wrong?
The premise of reconciliation is simple. Check one thing against the other; when they match, you are done! Anyone familiar with reconciling position quantities in the firm’s accounting system to …
The premise of reconciliation is simple. Check one thing against the other; when they match, you are done! Anyone familiar with reconciling position quantities in the firm’s accounting system to …
Let’s be honest: reconciliations are painful. The three best words to describe traditional reconciliation are bulky, time-consuming and never-ending. Report layout is an excellent example. Most reconciliation reports have so …
To paraphrase a former British prime minister, he who rejects change is the architect of decay. The only place that can reject change is the cemetery. No one wants their business …
Is cost basis reconciliation necessary? Conventional wisdom would say that the answer is ‘yes’. Everyone knows that any firm managing investments should be completely reconciled with their custodian on a …
Wouldn’t you love it if you could simply wave a magic wand and have an expert review your entire business top to bottom to prepare for 2017? Someone that would …
Back office IT security is an unsung modern-day hero. When things go right, it runs in the background, practically invisible. But, when something goes wrong, the failure could result in …
The words “procedures manual” is enough to make most people groan. But procedures are a critical part of any effective operation. A manual that lays out what needs to be …
Any asset manager, hedge fund or investment advisor managing a fixed income portfolio knows that they have to get performance right from day one. Accuracy is an imperative in performance …