By Michael Patanella; Marjorie Whittaker; Mark Zavodnyik and Charmone Adams, Grant Thornton A strong emphasis from the SEC raises the stakes Keeping up with compliance requirements is always a critical imperative in the highly regulated registered investment company (RIC) sector. An often overlooked and increasingly important compliance function is environmental, social and governance (ESG) compliance….
By Michael Patanella and Mark Zavodnyik, Grant Thornton Regulation adds complexity to strategy and reporting Environmental, social and governance (ESG) topics are often at the forefront of discussions across the asset management industry — both in the U.S. and on a broader, global scale. Investors play a prominent role in driving ESG initiatives forward. In…
By Kevin Schalk, Ivan Cilik and Sean Statz, Baker Tilly How can your financial institution prepare, but more importantly, thrive in an uncertain risk environment? Over the past year, banks and credit unions have experienced changes in how they go about managing liquidity and interest rate risk, while also considering what asset liability committees (ALCOs)…
By Kristen Hughes, Baker Tilly In November 2022, the Securities and Exchange Commission’s (SEC) Division of Enforcement published its enforcement results for 2022. The annual report was presented as a press release and accompanying addendum which provides a statistics summary and indexes the actions filed through the year. During the year, the Division filed 760…
By Nicholas Prentiss, Baker Tilly The SEC’s Division of Examinations (“Division”) published an Alert, 2023 Examination Priorities, which detailed the significant focus areas that the SEC will prioritize during upcoming examinations. The four pillars of the Division’s Examinations policies include (1) promote compliance; (2) prevent fraud; (3) monitor risk; and (4) inform policy. The Examination Priorities…
By Gary Brode, Deep Knowlege Investing DKI has written constantly about inflation since November of 2021 when we warned that it was going to be a bigger and more persistent problem than most people thought. We also provided practical specific ideas for how to protect your portfolio. By January of 2022, we were saying clearly that the Federal…
By Michael Patanella & Johan Joseph, Grant Thornton Volatile capital markets, changing demographics, technology disruptions and increasing competition to capture investment flows confront many, if not all, of the players in the investment management ecosystem. Institutional investors, money managers, wealth managers, registered investment advisors, broker dealers and retirement services providers are facing pressures to get…
By Michael Patanella & Mike Pilch, Grant Thornton Tech delivers efficiencies, better client experiences Digital transformation is providing asset management firms with tools to satisfy many of the global, universal, constant objectives that they face in their operations: Finding a way Digital investments can make sense in any economy These aren’t the easiest times for…
By Gary Brode, Deep Knowledge Investing Introduction: The financial world has spent the last few days captivated by the slow-motion implosion of Silicon Valley Bancorp (ticker: $SIVB). A couple of years ago, some well-meaning colleagues suggested SIVB as a potential long idea for DKI. The thesis was that while you had to pay a high…
By Michael C. Patanella & Shona O’Hea, Grant Thornton Asset management firms have demonstrated their resilience in a variety of ways over the past 12 months as a series of events has created severe challenges across the globe. During the current economic downturn, asset management leaders are: These strategies have helped asset management firms succeed…
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