Confluence Technologies, Inc. (“Confluence”), a global technology solutions provider helping the investment management industry solve complex investment data challenges, signed a multi-year contract with Madison Investments (“Madison”). The Wisconsin-based firm with more than US$20 billion in assets under management now employs Confluence’s composite solution to streamline its processes and enhance its client offering.
“While not all the material in the SEC Marketing Rule is new, there are significant changes which take time and resources to implement”
Madison uses the Confluence composites solution as part of their efforts to comply with the GIPS® (Global Investment Performance Standards) Standards. Confluence helps Madison and other clients streamline compliance with unparalleled accuracy and consistency of results delivered through a single automated platform. At the same time, the system automatically provides “net of fees” performance and the time periods specified for compliance with the new SEC Marketing rule effective November 4, 2022. The Rule is a series of requirements to avoid the publication of untrue, unsubstantiated, or misleading statements, and to encourage fair and balanced presentation material.
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“While not all the material in the SEC Marketing Rule is new, there are significant changes which take time and resources to implement,” said Jill Friedow, Director of Operations, at Madison. “With Confluence on board as our partner, we are confident in our ability to not only meet these requirements but also address future GIPS Standards and the evolving regulatory environment.”
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“Asset managers today must constantly evolve their processes to comply with changing regulatory standards,” said Todd Moyer, Confluence’s President and Chief Operating Officer. “Madison is emblematic of firms leveraging the expanded opportunities that the GIPS 2020 Standards offer. We’re excited to be able to provide the company with an efficient experience through the power of our solution.”
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