Advent and Advise Team Up on Form PF and Form CPO Solutions

With this collaboration, shared clients will receive data for regulatory filings through Advent's Geneva and Syncova, which, when combined with Consensus RMS, Advise's regulatory and investor reporting system, helps manage reporting requirements.

"The primary benefit of this collaboration is the integration of the systems from each firm, making it easier for clients to address regulations," says Sean Sullivan, president of Advise Technologies. "Key to this synergy is the platform proposal we offer of a singular deployment capable of handling multiple filing requirements-it's a powerful combination."

Form PF, also known as rule 204(b)-1, is a reporting obligation implemented in the US to actively monitor and track systemic risk in the financial industry. It requires advisors of a certain size and complexity to report on a variety of categories for each fund they manage. To complete Form PF, firms must gather significant amounts of data from multiple systems, aggregate specific data and then transform it into an XML format for submission, all within tight reporting deadlines. With this Form PF solution, clients' data from Advent's Geneva and Syncova is automatically aggregated and validated via Advise's Consensus RMS.

Form CPO-PQR requires detailed reporting for any funds providing direct commodities exposure and must be filed on a quarterly or annual basis depending on the assets under management of the firm. A subset of CPO-PQR, Form PQR, is filed quarterly regardless of the fund's assets under management or filing frequency for CPO-PQR.