Category: Compliance, Conferences and Events

Resources to Help You Prepare for ICI GMM


Counterterrorism, global information security, global economic outlook – all are potential forces affecting the U.S. mutual fund industry, and all big topics being addressed at this year’s ICI General Membership Meeting (GMM).

Hosted May 3-5 in Washington, DC, this event will feature presenters that include retired General Stanley McChrystal and noted political scientist Ian Bremmer. There’s also plenty of opportunity to hear and discuss expert opinions and insights on how geopolitics and other key industry issues will impact fund companies on a day-to-day basis.

One of the ways to maximize your takeaways at an event like GMM is to spend a little bit of time before the conference, considering what sessions you’ll attend and laying out information goals. To assist you in this endeavor, I have highlighted some of our blogs from the past 18 months that contain content that might be relevant to specific sessions that are on this year’s agenda. We invite you to browse the following posts as part of your preparations for this week’s conference in the nation’s capital.

Liquidity Risk Management and N-Port

Scheduled to attend “New Rules of the Road: CCOs and the SEC’s Liquidity and N-Port Rules,” a compliance session scheduled on Thursday, May 4 from 10:00 – 10:50 a.m.? Or maybe you plan to attend the Independent Directors Conference session entitled, “Liquidity Risk Management and Data Reporting: Director Responsibilities under the New SEC Rules” scheduled later that day?

Craig Hollis and Liz Strouse talked about both of these rules in January 2016, on the State Street Talks video series. Their discussion reminded viewers that the transfer agent has a role to play in both liquidity risk management and N-Port. Freshen your memory by reading a summary of their talk on “New Year’s Regulations…”

Overseeing Third-Party Service Providers

Participants in the Compliance Program conference will talk about ways to oversee the work of their third-party service providers during the 2:45 p.m. session, “No Fund is an Island: Overseeing Service Providers” on Thursday, May 4. At Boston Financial, we annually complete more than 120 vendor due diligence questionnaires for our asset manager clients; our compliance, information security, and risk management teams together deliver more than 100 due diligence presentations to our clients and their fund boards.

To help you think about the role of your vendors in vendor due diligence, we invite you to read a recent blog post written by Craig Hollis, “Now That It’s Done… Building Strong Relationships with Your Compliance Vendor.” Mike McNeill also wrote about this topic in November 2015 in his post, “Checking Under the Hood: Transfer Agent Due Diligence.”

Additional Challenge Facing CCOs

You don’t need any help identifying the regulatory challenges facing your firm. One of the last sessions of the ICI GMM Compliance Conference, “Getting Things Done: Additional Challenges Facing CCOs,” will offer insights and suggestions for managing the vast number of regulatory concerns that fall into the category of “other.”

If you are scheduled to attend this session, please consider reading our recent profile of Craig Hollis, which details how your transfer agency team might help you manage these and other challenges. To prepare for this session, consider taking five minutes to read “Five Minutes with Craig Hollis…” If you have the time, consider taking ANOTHER five minutes to read “Disruption: Crisis or Opportunity,” which offers Mike McNeill’s summary of the recent DST kasina white paper, “Capitalizing on Disruption: Transforming Asset Management for 2020.”

Look for us in Booth Numbers 405, 503, and 504 at ICI GMM

One final way you can prepare is to engage directly with us at the conference. I encourage you to stop by to chat with me or any one of the senior leaders who will be at our booth at GMM. The DST enterprise will be on the exhibit floor in booth numbers 405, 503, and 504 starting at 1:00 p.m. on Wednesday, May 3.

Not going to ICI GMM this year? We’ll be part of the virtual conversations being catalyzed by DST Systems on their LinkedIn page and on Twitter at @DST_Talks. Follow the hashtag #ICIGMM to join these discussions.

Rob Trower

Rob Trower

A member of the Boston Financial team for nearly 30 years, Rob he has held several leadership positions within the organization that include call center, transaction processing, quality and technology teams. He has worked with a variety of investment products including real estate investment trusts, closed-end, offshore, retail and institutional funds. Most recently, he was responsible for all of Boston Financial’s client-specific processing, institutional servicing, adjustments and NSCC business units. In this role, Rob was responsible for enhancing the units with a focus on technology, associate development, standardized processes, improved service delivery and business continuity planning. Throughout his tenure, Rob has consistently been focused on client engagement. In his current role, he co-leads Boston Financial’s relationship management program. The relationship management team is responsible for over 90 client relationships representing over one-third of the U.S. mutual fund industry assets. In this role, Rob is responsible for overall client satisfaction, expanding existing relationships, identifying industry issues and trends, evaluating the implications to our clients and working to identify solutions to meet client needs. Rob has a BA in Business Administration from the University of Northern Iowa.


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