Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Mike Stepanovich, ONEaccess

24376

Castine and ONEaccess offer enhanced RPA solution to the buy side

RELATED TOPICS​

Castine Consulting and ONEaccess, a Visible Alpha company, are teaming up to provide enhanced RPA (research payment account) solutions to asset managers and hedge funds.

 
Castine has operated in the commission management space for 20 years and is combining its RPA Centre suite of due diligence and commission management modules with ONEaccess’ research consumption data, providing buy-side firms with an end-to-end solution for RPAs.  
 
With greater transparency around commission payments for research, the combined solution offers buy-side firms of all sizes the ability to comply with MiFID II’s budgeting requirements, heightened due diligence, trade management and research payments, with a wide variety of research valuation approaches.
 
Currently, many asset managers operate commission sharing agreements (CSAs), and RPAs are designed to enhance the controls around commission spend.
 
Castine’s RPA Centre solution includes a database containing a built-in repository of completed due diligence questionnaires from over 500 research providers allowing buy-side firms to quickly onboard new brokers and research providers, saving significant time and resources.
 
Castine’s compliance group manages the entire process of collecting new questionnaires and updating existing ones. This information, when coupled with Castine’s license, renewal, and payment management, works with ONEaccess’ research consumption data to give an asset manager’s broker liaison and research valuation participants a more complete view of their relationships with brokers and third-party research providers.
 
“The combination of our strengths in tracking and valuing interactions from more than 200 research providers and Castine’s flexibility in budgeting and actioning research payments offer our mutual clients another option for implementing their MiFID II strategy,” says Mike Stepanovich (pictured), CEO of ONEaccess.
 
RPA Centre’s modularized approach allows buy-side firms to leverage their own valuation systems, ONEaccess’ Broker Vote, or Castine’s multi-tiered, multi-dimensional valuation system.
 
Trade reconciliation may be performed by RPA Centre, outsourced to Castine, or to a third-party.
 
“We’re very sensitive to the fact that MiFID II is forcing asset managers to contend with a highly complex set of new requirements that are likely to evolve and mature over the next several years. Therefore, we designed RPA Centre as a highly flexible toolset to ensure our clients will keep pace with MiFID II’s evolution,” says Robin Hodgkins, president of Castine.

Latest News

DWS has announced the latest development in its strategic growth push in Alternative Credit with..
According to the latest ESG data from PwC Luxembourg finds that investment flows towards EU..
Solactive and private equity data provider CEPRES have established a new partnership for to introduce..

Related Articles

Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Pension funds
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are coming together to instigate a new industry coalition...
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by