Wealth Managers

With a lot of data coming into the ODD and research teams in different formats and from different sources, it can be hard to keep track.

Without flagging and alerts, data collection may be incomplete or formatted incorrectly. Important disclosures could be missed.

The due diligence process can be lengthy and complex. As you increase the size of your portfolio and add managers, running more DDQs and monitoring exercises, the process becomes even more complex.

Manual data collection processes using word documents, excel spreadsheets or PDFs may not be as accurate as required.

With manual processes, it can be difficult to maintain a clear audit trail that may be needed in the event of a review. You may need to spend hours looking through emails and attachments.

Over time, due diligence processes become heavily dependent on specific individuals in the ODD and research teams, which poses a risk of dependency on one or two team members.

As your portfolio becomes more complex, it becomes harder to initially review, compare and monitor managers quickly.

Regular due diligence exercises can be repetitive and tedious, with ODD and research teams scouring and comparing documents for changes.