DISCOVER DCI

For Investment Managers

Investment Managers are increasingly reliant on the quality of their data, as it has a critical impact on their decision making and the service level they deliver to clients.

Poor data can create problems in multiple areas:

Client Reporting

misleading, inaccurate or out of date policy/plan data being reported

Dealings Errors

from incorrect security set-up

Suitability

incorrect or missing data could result in inappropriate advice for clients

CASS breaches

such as miscalculated fees being charged or erroneous regulatory submissions

Inaccurate MI

used for critical and strategic decision making

The consequences of bad data can be significant:

Damaged client relationships caused by inaccurate communications
Lost reputation if the above happens at any scale
Increased staff costs to monitor and resolve data-related issues
Reduced productivity from continuously allocating valuable resource to address data problems
Regulatory fines if customer data is misrepresented or regulatory reporting is inaccurate
Strategic decisions based on poor data can be damaging to both clients and the firm
Cost of compliance will grow if data issues are ignored

Investment managers need to keep a keen eye on how data is collated, processed and reported to ensure they can run an efficient operation, avoid falling foul of the regulator and maintain customer trust.

To find out how to avoid these pitfalls

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Insights for Investment Managers

The hidden cost of bad data

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Regulatory imperative