Data Agent, Advent Release Joint Form PF Solution
Data Agent is joining forces with Advent Software to produce a Form PF solution, which will be called Data Agent Form PF. Fund administrator Butterfield Fulcrum, has announced that it is installing the solution and will pull data from its Advent's portfolio management platform Geneva into the Form PF solution in order to reduce client preparation and filing time.
"To accurately complete Form PF, firms must not only gather significant amounts of data from multiple systems and make numerous calculations, but also aggregate specific data and transform it into an XML format for submission to FINRA, all within tight reporting deadlines," says Chris Mulhern, chief operating officer and president of Butterfield Fulcrum. "We've been using Advent's Geneva for many years and are impressed with their commitment to addressing Form PF. The combination of Data Agent's financial technology software and Advent's market leading general ledger software has resulted in an institutional quality Form PF software solution that is superior to others in the market."
Data Agent Form PF can be installed onsite or as a standalone product via a software-as-a-service model. It provides data aggregation, workflow management and collobaration tools that allow clients to verify information.
The first filing date is August 29. Registered investment advisors (RIAs) with regulatory assets under management of more than $5 billion will be the first to submit their Form PF filings to Finra.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Regulation
AI regulation: Who’s responsible for eliminating ‘gray areas’?
The Waters Wrap: In light of the Hugging Face hack and similar incidents involving rogue AI agents, Anthony wonders whether industry regulators will take the reins.
Goldman exec: Dec. 6 a ‘lighthouse’ for EU T+1 readiness
Officials from JP Morgan, the European Central Bank, the National Securities Depository, and Goldman Sachs explained how T+1 preparation needs to be different in the EU than in the US, while speaking at Sibos.
Federal court moves to certify class in Cusip antitrust suit
The SDNY judge has handed a procedural win to plaintiffs, allowing swaths of end-user firms and third-party data vendors to join the class action.
Report once: will Esma’s €1bn reforms deliver the full picture?
Critics say plan to merge three reporting regimes will see scant returns, and won’t mesh with single-sided reporting.
Reasoning agents enter the onboarding process for banks
The next phase for banks in the KYC/AML space will be using agentic AI to replace sequential, siloed checks with orchestrator agents, IBM technologists say.
SEC gunning to take over CAT in 2027
Chairman Atkins has plans for the SEC to run the Consolidated Audit Trail directly. Industry participants are split on the idea.
Managing regulatory transformation through a Dual-Flow Operating Model
Darshan Shah presents an operating model that enables project teams to implement complex regulatory programs, preserve business continuity, reduce risk, and prepare enterprise platforms for regulatory change.
The complexity of using AI to tackle compliance
The Waters Wrap: Law firms are introducing new tools to help with regulatory compliance, potentially encroaching on regtech vendors’ territory, Wei-Shen writes.
