Technology
Equipos Unveils Initiative To Help Canadian Wealth, Asset Managers With CRM2 Compliance

Equipos, a provider of private client reporting technology and communication tools, has rolled out an “educational initiative” to help senior Canadian buy-side business executives understand the implications of next-phase client relationship management on their firm’s processes, data and systems.
Equipos, a provider of
private client reporting technology and communication tools, has
rolled out an “educational initiative” to help senior Canadian
buy-side business executives understand the implications of
next-phase client relationship management on their firm’s
processes, data and systems.
Crucially, it will also provide insight into the challenges of
“CRM2” compliance and identify ways for buy-side firms to improve
client service by investing in this area.
Co-sponsored by WealthBriefing, the programme will
launch on April 9 with a webinar in which representatives from
Canadian law firms, management consultancies and investment firms
will walk through effective ways of addressing CRM2 compliance.
Confirmed panelists include CRM2 experts from Deloitte Canada and
Borden Ladner Gervais.
Context
Canadian buy-side investment management firms will, as required
by the Canadian Securities Administrators, have to provide
pre-trade disclosure of charges and disclose their compensation
from debt transactions in trade confirmations as of 15 July,
2014. Next year, enhancements to client statements will be
introduced, while in 2016 firms will be required to produce
annual reports on charges and other compensation, as well as an
annual investment performance report.
“The CRM initiative aims to enhance investor protection in Canada
through improved relationship disclosure, conflict management,
suitability and account performance reporting. Phase 2 (CRM2) is
focused on enriching investors’ understanding of the cost and
performance of their investments,” Equipos said.
Recent acquisition
Last week, SimCorp - which previously held a 20 per cent stake in
Equipos and its Coric Client Communications suite - announced the
full acquisition of the firm for €10 million ($13.7 million).
Coric provides end-to-end client reporting and communications for
global wealth and asset management firms. Coric enables client
services staff to create personalized client reports, fund fact
sheets, client meeting packs, presentations and other client
communications, on a regular or ad-hoc basis.
The purchase will “enhance and support SimCorp’s strategy of
growing the business based on its single product platform –
SimCorp Dimension,” SimCorp said at the time.
SimCorp is a global firm with a presence in Europe, North America
and Asia Pacific. It provides investment and portfolio management
software and services to investment managers, asset managers,
fund managers, fund administrators, pension funds, insurance
funds and wealth managers.