Streamlining Compliance: Delta Data’s Intermediary Partnership Program

The financial industry is complex, and compliance is paramount. For intermediaries, the process of gathering, sending, and following up on control report requests from fund families can be a significant time drain. Delta Data’s Intermediary Partnership Program aims to solve this problem, offering a streamlined solution that benefits both intermediaries and fund companies.

This program is a complimentary offering designed to simplify the distribution of control reports, such as SOC and FICCA reports, with the assistance of Delta Data. Instead of sending these reports to numerous fund families individually, intermediaries send them directly to Delta Data, reducing administrative burden and improving efficiency.

Key Benefits for Intermediaries

• Maintain Control of the Process: Receive a full list of Delta Data’s clients and authorize who can receive control reports. Reduced Administrative Burden:?No more responding to numerous report requests from fund families. Delta Data centralizes the process. Improved Time Efficiency:?Spend less time on administrative tasks and more time on core business functions. Enhanced Audit Processes:?Leverage Delta Data’s annual gap analysis report to identify opportunities to adjust procedures or expand audit coverage, reducing future concerns. Standardized Feedback:?Receive the same analysis Delta Data provides to fund families, allowing for transparency and increased alignment across the relationship. Increased Confidence in Reporting:?Delta Data’s review provides an additional layer of assurance, bolstering confidence in the accuracy and completeness of reports. This translates to a strong selling point when engaging with new clients. Fewer Follow-up Questions:?Delta Data’s gap questionnaire reduces follow-up requests from fund families.

Key Benefits for Fund Companies

• Timely Access to Reports:?Delta Data’s process ensures that reports are received early in the year, meaning the analysis is already available when many funds begin their annual review processes. Reduced Time Spent on Report Collection:?Delta Data handles the process of obtaining reports from participating intermediaries, freeing up valuable time for the fund company’s oversight team. Comparable Responses to Queries:?With Delta Data’s consistent review and follow-up processes, responses from various intermediaries become more comparable. Streamlined Follow-up: Delta Data’s gap questionnaire covers all unaddressed controls, reducing the effort needed to research, prioritize, and query gaps.

How the Program Works

1. Report Submission:?The intermediary sends control reports to Delta Data, specifying which fund families are authorized to receive them.
2. Delta Data Review:?Delta Data’s review team thoroughly examines the reports, comparing them against the FICCA framework and producing a gap analysis.
3. Feedback and Improvement:?Delta Data sends the reviewed report back to the intermediary and provides the gap questionnaire for completion, if wanted.

Real-World Impact

Panelists from a distribution firm and a fund company shared their positive experiences with the program, highlighting significant time savings, improved efficiency, and increased confidence in their reporting processes.

According to one distribution firm enrolled in Delta Data’s Intermediary Partnership Program, “One of the most important aspects, from our perspective, is the ability to know and be confident in our reports. And then we can take those to, not only existing clients, but potentially new clients as well. It’s definitely a big selling point for our firm, and that has been really helpful in growing our business over these past few years.”

Consider Participating If:

• You are looking to streamline your compliance processes and improve efficiency. You want to reduce the administrative burden of managing control report requests. You value complimentary access to expert analysis and feedback to enhance your reporting coverage.

Delta Data’s Intermediary Partnership Program is a valuable resource for intermediaries and fund companies seeking to improve their compliance processes. The program offers a significant return on investment in terms of time savings, increased efficiency, and enhanced confidence in reporting. Contact Delta Data to learn more about participating.