SEI (NASDAQ: SEIC) today announced that it has expanded its proprietary Portfolio Monitor compliance system to help money managers enhance the depth and flexibility of portfolio compliance testing in the face of ongoing regulatory changes and increasing investors demands.
SEI has been utilizing Portfolio Monitor to perform post-trade compliance testing for hedge fund managers since 2009, and recently transitioned its registered fund clients onto the expanded system from its predecessor program, AdvisorAlert. The move demonstrates the company's commitment to delivering world class tools and resources to help its clients thrive amid changing market conditions and investor expectations.
"This system puts managers in a better position to succeed in a constantly changing and increasingly complex regulatory environment," said Phil McCabe, Senior Vice President and Solution Head, SEI's Investment Manager Services division. "We've always been recognized for our strong compliance resources, and Portfolio Monitor is the next logical step for SEI and our clients. It facilitates additional reviews, offering more robust reporting capabilities with greater flexibility to adapt to changing regulations. It also helps investment managers stay ahead of escalating client demands across a myriad of product types and asset classes."
Portfolio Monitor provides greater control of mandate guidelines, fund disclosure requirements, best practice rules, and global regulatory restrictions, including those related to the UCITS IV Directive. Portfolio Monitor is a valuable tool that allows fund managers ranging from large family offices, pensions and endowments, to single-product hedge and mutual funds to effectively manage the tight guidelines associated with their investment processes. The enhanced system, which is built on an open architecture platform, provides managers with greater flexibility around today's compliance needs. In addition, the system allows for fund- and aggregate-level monitoring for greater compliance transparency into the investment management firm.
To ensure data integrity, Portfolio Monitor interfaces directly with SEI's accounting platforms and has the functionality to use independent, third-party data feeds to provide greater depth of compliance information and reporting capabilities. Ultimately, Portfolio Monitor provides managers with end-to-end compliance reporting designed to support a wide variety of testing and oversight across investment products. Beyond its ability to integrate information across systems, file formats, and product sectors, Portfolio Monitor also provides enhanced and more tailored reporting.