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UAT unveils compliance and control system for investment industry

27 May 2009  |  2022 views  |  0 Source: UAT

UAT, a Denver-based technology and consulting company, announced today the official launch of its "Unified Compliance and Control System," or UCCS.

UCCS is the $2.7 trillion sub-advised industry's first pre‐trade compliance, real‐time reporting, and brokerage cost savings system.

Organizations that utilize external asset management have historically been unable to implement real-time control over their outside money managers. In an environment demanding increasingly strict regulatory supervision, greater cost control, and increased operational efficiency, UCCS provides an integrated, pre-trade compliance solution for product sponsors.

"Today's sub-advised industry touches millions of Americans who invest in mutual funds, pension plans, bank trusts, 401(k), and insurance products," said UAT President Tom Warren. "Our turnkey system benefits both the industry and investors by providing a level of fiduciary oversight never before available. UCCS stops costly mistakes before they happen."

UCCS is designed to help sponsor firms address compliance and regulatory challenges and, at the same time, significantly reduce their overall brokerage expenses. The integration of UAT's patent-pending proprietary HiLo Engine with Linedata Services' LongView Trading order management system lowers trading costs by executing certain transactions through a low-cost brokerage network.

"We estimate a sponsor firm that manages $20 billion in active equity assets could save as much as $15 million annually using UCCS," said Warren. "It's hard to argue the logic of that kind of cost efficiency."

Coinciding with its product introduction, UAT today launched its website, www.uatinc.com. The site is designed to educate asset management executives who have fiduciary responsibility for sub-advised accounts.

In addition to a robust library of content designed to address the sub-advised industry's long-standing regulatory challenges, the UAT website also features an interactive "Brokerage Savings Calculator." The UAT Savings Calculator presents the potential annual savings in brokerage costs that UCCS could generate based on an organization's inputs of actual trading volume and per-share trading costs. The tool also presents the impact those savings could have on investment performance and corporate profits.

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