NICSA Connect Newsletter : June 2018

Your source for the latest insights into global asset management industry trends.
NICSA Press Releases 

NICSA Expands with Creation of Distribution and Analytics Committees 
"NICSA announces the launch of two new committees as it further expands its reach into the product and distribution arenas..." Read More 
Ignites Video Coverage of the 2018 SLF
Separating Fintech Bluster from Bona Fide Breakthroughs 

“Robotics and artificial intelligence have real opportunities to improve risk management and efficiency in operations, while blockchain is "still at the stage of a solution trying to find its problem to solve," says Tony Warren, head of strategy and solutions management at back-office software provider FIS.” Watch IGNITES Video

Adapting to Disruption Requires ‘the Cultural Strength to be Bold”
“Technology advancements, economic pressures and changing investor tastes require swift action, but institutional inertia can make executing these decisions tough. What separates the bold, and often successful, from the hesitant often comes down to corporate culture, notes Paul Kraft, U.S. mutual fund and investment advisors practice leader at Deloitte.” Watch IGNITES Video

Search 'Ignites @ NICSA' on the Ignites website to view all SLF interviews. 
Regional Meeting | East Coast Summit 
July 17, 2018 | Boston, MA
Breakfast with the Regulators

While debate unfolds regarding the merits of a harmonized fiduciary rule, and the advantages of a principles-based approach to liquidity regulation, the asset management industry finds itself once again in an era absent of clarity. Compliance remains a priority focus for financial firms, with new programs needed to stay ahead of the curve. Join our panel of experts as they explore today’s hottest regulatory issues.  Click Here for Complimentary Registration

Diversity Project Informational Breakfast 
NICSA invites you to join us for an informational breakfast around Diversity Project North America. Two locations, two opportunities to learn more and get involved: 

CHICAGO | Wednesday, July 11 | 8:00am - 9:30am 
Sponsored by Northern Trust 

BOSTON | Wednesday, July 18 | 8:00am - 9:30am 
Sponsored by Starpoint Solutions 

Click here to secure your complimentary spot and learn more 
General Membership Meeting (GMM)
October 11-12, 2018 | Boston, MA
NICSA will be back at the Royal Sonesta in Boston this fall! Join us for the annual General Membership Meeting from October 11-12 to address the top issues facing asset managers and financial service providers.
Hear how firms across the industry are streamlining their businesses through enhanced data analyticsevolving resource allocation, and increased focus on Next Gen product and distribution models. Learn how exceptional companies are differentiating their brands by delivering tech-inspired client experiences designed for the digital era.
FinCEN Enhanced Customer Due Diligence Planning

NICSA conducted a study on FinCEN Enhanced Customer Due Diligence planning in April 2018. Responses were collected from 50 firms, representing a cross section of asset managers, broker dealers, and financial services firms. This report is offered as insight into industry compliance implementation trends in order to aid asset managers in the development of best practices. Read Survey Results 

Intermediary Evaluation Best Practices

The Product & Distribution Committee discusses how fund managers and their national accounts teams can focus on strategic alignment with distribution partners. Read Research Notes

Aligning Sales and Marketing Goals
The Data Analytics Committee explores how shared goals, technologies, and processes can be crucial to meeting revenue goals and optimizing the client journey.  Read Research Notes

GMM Planning Underway! Pack Your Bags with Best Practices: 
“Hear how firms across the industry are streamlining their businesses through enhanced data analyticsevolving resource allocation, and increased focus on Next Gen product and distribution models. Learn how exceptional companies are differentiating their brands by delivering tech-inspired client experiencesdesigned for the digital era…”  Read More
Still Time to Catch Up 
Missed the SLF? Get key takeaways from these interactive Breakout Sessions: 
Guest blogs and articles tackling the complex and technical aspects of key industry issues: 
Title: The Alternative Investments Sector has the Wind in its Sails 
Author: Camille Thommes, Director General, ALFI
"Driven by an environment of low interest rates and the quest for return and portfolio diversification, the alternative investments sector has the wind in its sails. With the aim to replicate the UCITS success story in the alternative investments area, Luxembourg has consistently expanded its range of structuring opportunities over the past few years...." Read More 

NICSA members continue to generate valuable insight and stimulating discussions on the future of the wealth management industry.  Here’s a look at our top picks for the month:

Foreside: How to Successfully Cover a Broker-Dealer

“Getting to know the mindset of the intermediary is critical for asset managers to ensure your firm is approaching and covering them correctly. The need to understand the driving force in the decision-making process and pinpoint key contacts at the home office, and the interaction between each is necessary…” Read More

WorkivaDigital Transformation Demands New Approach to Reporting Integrity

"What is the current state of the financial reporting market? IDC surveyed over 600 financial and risk reporting professionals from Europe and North America. Download the InfoBrief to learn why enterprises are struggling to meet reporting demands in today's culture and how digital transformation methods can help... " Read More

DTCC:Large-Scale Cyber-Attacks on the Financial System 

“The Depository Trust & Clearing Corporation (DTCC) and Oliver Wyman believe that effective response and recovery requires continued industry collaboration and, in some cases, common industry utilities and approaches, in support of the efforts currently underway. In this paper, we describe how this could be done…” Read More

Want to submit content for our Member Corner?

A look back at NICSA’s recent educational programming: 
Are You GDPR Ready? 
Webinar Replay | Slides 
"The General Data Protect Regulation (GDPR), in effect on May 25, has impacted funds, distributors, administrators and depositaries that come in contact with personal data of EU citizens, regardless of where they are based...." READ BLOG
Penetrating the RIA/Family Office Space 
Webinar Replay  | Slides

"As fund managers increasingly turn to the unique RIA/family office market for growth opportunities, an effective distribution strategy becomes more important than ever...." READ BLOG
The Confluence of Tech & Ops  
Webinar Replay  | Slides 
“A key strategy for many firms is to truly allign and integrate technology and operations so that they are working together towards strategic goals...." READ BLOG
Got ten minutes? Hear quick, on-the-go insights on critical business planning in the world of asset management.  It’s this simple: (1) Visit iTunes on your mobile device; (2) search “NICSAtalk”; and (3) subscribe.

Family Office Gatekeepers review the manager due diligence process. Listen to the Podcast

RPA, BPM, AI: A look at technology use cases in asset management   Listen to the Podcast

Confluence of Tech & Ops: Tech and ops execs discuss the integration of these distinct yet inter-dependent business lines. Listen to the Podcast
The NICSA Transfer Agent Compliance Guide is the definitive resource for member firms seeking insight on the practical applications of the many and varied rules affecting transfer agent operations. NICSA's TA Compliance Guide provides users an easy-to-use format and language that makes these rules easy to understand. 
The digital version of the Guide is NOW AVAILABLE to Members via the NICSA Member Portal. 
SEC Fiduciary Rule Proposal - The Finer Points 
Tuesday, June 26 | 1:00pm - 2:00pm 
First Russian Oligarchs, Now Changes to the Iranian Regime - How to Stay One Step Ahead 
Wednesday, June 27 | 11:00am - 12:00pm ET
8400 Westpark Drive, 2nd Floor McLean, VA 22102
Tel: 508.485.1500 • Email:
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8400 Westpark Drive, Second Floor, McLean, VA 22102