Valuation Status and Client Reporting capabilities provide asset owners with unprecedented transparency on complex portfolios
Northern Trust (Nasdaq: NTRS) today announced the release of two new reporting capabilities – Valuation Status and Advanced Client Reporting – for its Front Office Solutions clients, enabling more precise portfolio valuation and deeper customization within reporting packages.
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Northern Trust Front Office Solutions Launches Dynamic Valuation and Reporting Tools for Asset Owners
Front Office Solutions is an integrated, cloud-based service and data platform that enables investment offices to view data from disparate sources across all asset classes in one central repository. It serves complex asset owners including foundations, endowments, family offices, pensions and outsourced chief investment officers (OCIOs) with the data they need, in the format they need it, enabling them to make informed investment decisions that help them achieve their strategies.
Valuations based on private fund statements can often lag market conditions by months, leading to inaccurate current valuations. The new FOS Valuation Status tool enables institutional investors to more accurately gauge current portfolio values and alerts them when prices are updated. This in turn gives investors stronger confidence in their decision-making and allows users to implement proxy valuations which estimate performance based on a fund’s beta.
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The new Advanced Client Reporting tool allows users to customize report packages for distinct purposes, such as quarterly investment board meetings or individualized family member reporting. Each report in a package can have its own reporting parameters, such as investment classification scheme, reporting period, or title scheme, and users can save and run report packages for each meeting period with or without modification as required. Reports can also be branded with client logos, fonts, colors, and cover pages for complete flexibility and customization.
Advanced Client Reporting extends Northern Trust’s service approach. Reports can be created quickly and added to ongoing reporting workflows by investment teams, or teams can consult with their Northern Trust client service representatives to help with data requirements and visual presentation to meet specific audience needs.
“Ultimately, the Valuation Status and Advanced Client Reporting tools work together to provide complex asset owners with an in-depth understanding of their portfolios that cannot be achieved through other solutions on the market,” said Melanie Pickett, head of Front Office Solutions at Northern Trust. “These insights are even more important amid the volatility and uncertainty that has accompanied industry business continuity efforts throughout the pandemic. With client teams working remotely and lacking proximity to other team members, our platform supports the ability to collaborate in real time and see results instantly that is crucial to our clients’ success.”
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