Deloitte Funds in a Box Solutions Factsheet Services February 2016 2016 Deloitte Tax & Consulting 1
Connecting Regulatory experience with reporting skills Fund factsheets are a key source of information for your investors and, as such, form an essential marketing tool. Yet, today, most fund factsheets are produced in a rigid format and are not refreshed as often as one would wish. Such factsheets may very well serve the purpose for many investors today but may not entirely satisfy the information requirements of the upcoming generation of clients. Indeed, the new generations, i.e. the so-called Generation X and Millennials (hereafter the rewired investors ), have embraced the digitalization movement of the whole world and now expect nothing less but customized and real-time access to information. At Deloitte, we are committed to provide you a best in class factsheet solution to satisfy the needs of the current generation of investors but that will also equip you with a solution to face the digital demands of the rewired investors. Our factsheet services actually lives within in our Funds in A Box solution. It fully takes advantage of the mutualized interfaces and data management building blocks already implemented and in use for many services at Deloitte (Pan-European Tax Reporting, Institutional Investor Reporting, Risk reporting, KIID Factory, Financial Statement production). 2016 Deloitte Tax & Consulting 2
Our Fund Factsheet solution Beyond sheer document production, we provide you with a full service solution, incl. data enrichment, compliance and dissemination. Fund Facts collection & assembly Fund Facts content enrichment Fund Facts compliance Fund Facts dissemination & publication We run the fund facts communication production for you, all the way through Collecting and checking data Organising data and documents Leading all stakeholders to deliver on a timely manner Resolving exceptions and ensuring quality We enrich the data set that you provide to us Use data from third party providers to complement your data feeds Perform calculations to enrich the factsheet content We enable the distribution of your products by Monitoring all relevant marketing rules in the targeted distribution markets Ensuring compliance with these rules e.g. by adapting the content We provide you with postproduction services such as: Dissemination to platforms Multi-channels publication (website, FTP ) Deliveries in multiple format (pdf, HTML ) 2016 Deloitte Tax & Consulting 3
Our Fund Factsheet solution We provide you with a state of the art Factsheet turn key solution but also help you prepare for the future 1Our Classic Factsheet solution Our Factsheet solution is a high volume factsheet production service. It is 1 designed for large volumes and for international distribution i.e. meeting local compliance obligations and local marketing specificities. Our factsheets use sate of the art visuals and are highly customisable. Key features Scalable solution Flexibility of content and format 2 Our Digital Factsheet solution (Q3 2016) Key features State of the art visuals Turnkey solution from A to Z With our digital Factsheet solution, we bring your funds to live. Our digital factsheets are dynamic, generated on a real-time basis, customisable to your specifications but also can be reshaped on line by your clients as they wish. Going digital means that on line factsheets can now mix multiple information type: static and daily data (like nav per share, risk measures, news, links to other documents) allowing a much deeper and enriching user experience. The beauty of this solution is that it creates value out of data that already exist and lives in our system. Gen X Y Designed for the new generations Real-time On line 2016 Deloitte Tax & Consulting 4
To facilitate your marketing activities, our factsheet solution entails a compliance service to ensure your factsheet comply with European (e.g. MiFID) and local requirements The production of factsheets used to be a pure marketing exercise, but this is no longer true as this is now a regulatory exercise as well. Indeed, marketing has not yet been harmonised from a regulatory standpoint and many authorities are requesting marketing documents (thus factsheets) to be reviewed by them before authorising them to be published. You Provide Deloitte with factsheet Management Other presentation indicators Risks / Fund advantages information Issuer Investment information objective Tax Warnings Index / benchmark Disclaimer Technical terms Fees, charges Deloitte reviews the factsheet Elements composing a factsheet Performance presentation Portfolio composition Awards Font / layout Other Risk profile MiFID Review Country Specifics Review MiFID generic factsheet (applicable to various countries without or with very few changes) Factsheet adapted to Country A requirements Factsheet adapted to Country B requirements Factsheet adapted to Country C requirements Factsheet ready for dissemination Fully Compliant Factsheet 2016 Deloitte Tax & Consulting 5
We are easy to work with. One of our key differentiating factors is that we provide our clients with an unmatched range of experts in tax, regulatory, risk and technology. And we make it easy to work with us by providing a SPOC. Team Funds in a Box You The SPOC simplifies communication by ensuring consistency Project objectives Dashboards Regulatory information Fund documentation Registration matrix Change requests Single Point of Contact Partner(s) Client Executive Manager Client Services Manager Your team Expert to expert exchanges also take place to ensure efficiency Product Managers Talent Pool - Subject matter experts Regulatory, Tax, Reporting, Risk, Technology 2016 Deloitte Tax & Consulting 6
We are easy to work with We can customize our operating model to shape your needs: from hands on (A) to hands off (B) Model A Hands on You are leading the factsheet reporting service Factsheet update Data collection Inject QA Assembly QA Final validation and release Disseminatio n Factsheet creation New country dissemination OR Model B Hands off You are controlling the factsheet reporting service, Deloitte is driving Factsheet update Data collection Inject QA Assembly QA Final validation and release Dissemination Factsheet creation New country dissemination 2016 Deloitte Tax & Consulting 7
Data management The center piece of our Fund in Box operating model: central governance of data with alerts and workflows Our factsheet services actually lives within in our Funds in A Box solution. It fully takes advantage of the mutualized interfaces and data management building blocks already implemented and in use for many services at Deloitte (Pan-European Tax Reporting, Institutional Investor Reporting, Risk reporting, KIID Factory, Financial Statement production). You Workflow management (factsheet specific) Event: Updated data for existing factsheets Next steps: Factsheet UPDATE workflow(s) Investment risk team ETL & Data Mgt (central) Events management (factsheet specific) People: Factsheet team Investment managers Extract, Transform and Load data Updated data New scope Direct / manual input Unrecognized data Event: New scope change - new fund, new subfund, a/o new country Next steps: Factsheet CREATION workflow(s) Factsheet compliance review People: Factsheet team + Regulatory team Reporting team Cleansing Calculating Enriching Event: Unrecognized data Next steps: Map new data to database Re-start process Fund Admin People: Factsheet team + Technology team 2016 Deloitte Tax & Consulting 8
Why Deloitte Factsheet solution? 1 COMPLIANCE Country monitoring Regulator contact Flexibility to adapt factsheet to regulations 2 DATA MANAGEMENT Control from the start to the end Flexible workflows and access-rights Flexible factsheet template Creating value of data already in the system 3 DISSEMINATION & DIGITAL Automatic transmission to platforms Focused on end-user experience Let your clients discover your fund universe 2016 Deloitte Tax & Consulting 9
World class IM clients trust our solutions Deloitte Global Serves 19 of the top 20 global asset managers Audits the funds and/or the management companies of 13 of the top 20 global investment managers Serves 16 of the 20 largest global private equity investors and we have served 14 of the 20 largest private equity investment deals in history Is the leading audit firm serving top global asset managers such as Blackrock (more than 50% of funds audited), Fidelity (around 40% of funds audited), Capital Group (80% of funds audited), Northern Trust (50% of funds audited) but also in the U.S. MassMutual Financial, Putnam Investments, MFS Investment Management and in Europe, AXA IM, Amundi, Natixis AM, Santander, KBC, RBC and Dexia AM Deloitte Luxembourg Serves 20 of the top 25 asset managers and is number 1 in the advisory services to the asset management industry. Serving more than 2,000 Luxembourg-registered funds and approximately 200 offshore funds administered in Luxembourg 20 out of the 25 Top fund promoters 24 out of the top 30 Fund Service Providers Clients all over Europe Deloitte team support in the US and Asia The Centre provides support for a wide range of services, including strategy, operations, regulatory & governance, technology, compliance, fund distribution and registration, fund and tax reporting and forensic services Our investment management practice provides global resources and global capabilities with a clear understanding of the client s market and way of doing business We believe our approach to problem solving can uncover new opportunities for our investment management clients and deliver novel solutions to give you a competitive advantage Our network encompasses industry best practices, industry-respected thought leadership initiatives and practitioner development through training, conferences and academic collaborations 2016 Deloitte Tax & Consulting 10
Vincent Gouverneur Partner EMEA FSI Leader vgouverneur@deloitte.lu +352 45145 2451 Lou Kiesch Partner Regulatory Consulting lkiesch@deloitte.lu +352 45145 2456 Xavier Zaegel Partner Head of Capital Markets xzaegel@deloitte.lu +352 45145 2748 Huge François Kim Directeur fkhuge@deloitte.lu Tel:+352 451 452 483 Sylvain Crépin, FRM Directeur screpin@deloitte.lu Tel:+352 451 454 054 Antoine Capone Senior Manager Tel:+ 352 451 453 141 Mail: acapone@deloitte.lu Julien Schmid Manager +352 451 452 146 julschmid@deloitte.lu Jeff Micallef Senior Manager +352 451 452 338 jemicallef@deloitte.lu 2016 Deloitte Tax & Consulting 11
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