Equipos Announces New Initiative to Assist Canadian Wealth and Asset Managers with CRM2 Compliance

TORONTO, March 3, 2014 /PRNewswire/ --

Equipos Inc., the global leader in client communications and client reporting automation, launches a new educational initiative today that will help senior buy-side business executives to understand the implications of CRM2 on their firm's processes, data and systems. It will also provide insight into the challenges of CRM2 compliance and identify ways for buy-side firms to leverage expenditure on CRM2 compliance to improve client service.

Co-sponsored by WealthBriefing, the premier news, features and information source for the global wealth management sector, this initiative kicks off on April 9 2014 (11:00 EST) with a webinar entitled CRM2:Regulatory Pain or Client Servicing Opportunity? A panel of representatives from Canada's top law firms, management consultancies and investment firms will offer practical tips and advice on the most effective ways to address CRM2 compliance. Confirmed panelists include CRM2 experts from Deloitte Canada and Borden Ladner Gervais LLP. Register today

According to Mike Hendy, VP North America at Equipos, "Through automation of the client reporting process there is a clear opportunity for Canadian wealth and asset managers to cut operational costs and improve client service, while at the same time addressing CRM2 compliance. Equipos has vast experience in delivering automated client reporting and communications systems globally."

Equipos Coric^™ Client Communications is an end-to-end client reporting and communications suite with best practice business process automation tools that increase client reporting process efficiency by 60 to 90%. Coric's sophisticated report design and build tools empower business users to create and modify marketing-quality reports without technical assistance. Data can be aggregated from any source into personalized client communications that are distributed on paper, online or to a mobile device. Coric's easy-to-use dashboards and out-of-the-box workflows allow clients to effectively monitor report delivery.

Register for CRM2:Regulatory Pain or Client Servicing Opportunity? 

About Equipos

Equipos is a leading international supplier of specialist document management, business process management, and client reporting solutions for investment and wealth management firms. Its flagship product is the multi-award-winning Equipos Coric™ Client Communications suite. Founded in 1999, the UK-based company employs around 50 with office locations in London, UK, Boston, USA, Toronto, Canada, as well as a technology center in Wolverhampton, UK. For more information about Equipos, please visit http://www.equiposgroup.com.

On February 25, 2014, SimCorp announced the acquisition of Equipos and its flagship product Coric Client Communications suite. Prior to the full acquisition, SimCorp held a 20% stake in the private limited company's share capital.

About SimCorp

SimCorp provides investment and portfolio management software and services to the world's leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds, and wealth managers. SimCorp's world-class software provides global financial organizations with the tools they need to mitigate risk, reduce cost, and enable growth. Founded in 1971, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. Listed on the NASDAQ OMX Nordic, SimCorp is dedicated to supporting the global investment management industry, its clients, and its investors. For more information about SimCorp, please visit http://www.simcorp.com.

About CRM2

According to regulations introduced by the Canadian Securities Administrators, from July 15, 2014 Canadian buy-side investment management firms will be required to provide pre-trade disclosure of charges and disclose their compensation from debt transactions in trade confirmations. In 2015 enhancements to client statements will be introduced, which will provide position cost information and market value under a set methodology. In 2016 firms will be required to deliver annual reports on charges and other compensation and an annual investment performance report. The CRM initiative aims to enhance investor protection in Canada through improved relationship disclosure, conflict management, suitability and account performance reporting. Phase 2 (CRM2) is focused on enriching investors' understanding of the cost and performance of their investments. Read CSA Rules and Policies here

Jessica Allen +1-617-651-5531
Lucy Heavens +44(0)1344-701988
[email protected]

SOURCE Equipos Inc.