SMART Business Advisory and Consulting, a premier, full-service independent provider of financial advisory and business consulting services, has established a Client Operations Reporting practice designed to meet the emerging challenges of the rapidly evolving wealth management landscape. This initiative will be another component of SMART’s Financial Services Consulting Services practice.
This SMART practice will enable asset managers and the investment community to rapidly access and accurately evaluate critical information needed to manage their investment portfolios. The information provided through the investor reporting initiative will automate and improve the process of raising client capital, due diligence support, client reporting, client servicing, business performance and portfolio transparency.
SMART and CorrectNet, the market leader in managed service-based information delivery and client reporting for many of the world’s largest investment management firms, will design and enable world class wealth management operations solutions for clients. In this structure, SMART’s wealth management consultants will work with clients to help determine their optimal investor and operational requirements and develop appropriate business process and reporting strategies. CorrectNet will provide the workflow, data enrichment and presentation solutions needed to satisfy investor and operations reporting requirements as a managed service.
“We are pleased to have the opportunity to work with CorrectNet on this new initiative. At SMART, we are focused on creating a comprehensive suite of services to provide the global investor community with the world class solutions needed to meet the increasing operational demands for all the key aspects of our investment management client base,” said Steve Samek, Chief Executive Officer of SMART Business Advisory and Consulting. “In particular, helping the investment community identify and meet new standards of reporting transparency in the new world of enterprise risk management will be critical to their success going forward.”
“Since our founding in 1997, CorrectNet has been devoted to providing game changing approaches to satisfy the toughest transparency and reporting standards of leading hedge funds, funds of funds, fund administrators and prime brokers. Working with SMART, we see the ability to generate a new and significantly higher level of service that will help establish new standards of integrated client operations for the investment community,” observed Robert J. Miller, founding principal and CEO of CorrectNet.
ABOUT SMART
SMART Business Advisory and Consulting, LLC is a premier, full-service independent provider of financial advisory and business consulting services, serving clients throughout the US and globally. SMART offers innovative solutions to public and private companies in the areas of financial advisory and business consulting, technology, business process, accounting, compensation and benefits, and tax. SMART Business Advisory and Consulting, LLC and SMART and Associates, LLP have an alternative practice structure. The two companies are separate and independent legal entities that work together to meet clients’ business needs. SMART Business Advisory and Consulting, LLC is not a licensed CPA firm. Attest Services are offered through SMART and Associates, LLP, Certified Public Accountants.
ABOUT CORRECTNET
CorrectNet is the market leader in managed service-based information delivery and client reporting for asset management firms and institutions. Founded in 1997, CorrectNet provides infrastructure, operations and people to manage the aggregation, enrichment, quality assurance and formatting of complex investment data, delivered through rich reporting web portals to investors, portfolio managers, operations teams and executives. CorrectNet’s managed service supports over 600 implementations, processing over two million data feeds per day and serving over 500,000 users; providing firms with more information, more frequently and with more flexibility. For more information about CorrectNet, visit www.correctnet.com.
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