Organizations utilizing external asset management, including insurance companies, pension plans, bank trust groups, 401(k) providers, mutual fund companies, foundations, and endowments, have historically lacked comprehensive oversight and controls over their sub-advisors. The current market environment demands stricter regulatory supervision and greater cost savings from these types of firms, and UAT provides them with an elegant solution to both of these challenges.
âLinedata has collaborated with UAT to offer a truly comprehensive solution for pre-trade compliance, real-time reporting, and brokerage cost savings,â says Annie Morris, Managing Director for Linedata Services North America. âThe integration of UATâs industry-leading technology paired with Linedataâs comprehensive trading and compliance solution offers sponsor firms greater fiduciary oversight and the potential for dramatic cost savings.â
UATâs Unified Compliance and Control System (âUCCSâ) is offered exclusively through Linedataâs Application Service Provider (âASPâ) delivery and includes Linedata Servicesâ award-winning LongView Trading and Linedata Compliance. This partnership offers superior regulatory control and enhanced governance through real-time, rules-based, pre- and post-execution compliance. The integration of Linedataâs LongView OMS with UATâs patent-pending proprietary High-Low Engine (âHLEâ) significantly decreases trade brokerage costs by identifying âhigh-touchâ orders that require special handling and âlow-touchâ orders that do not require special handling, enabling a sponsor firm to execute more trades through a low-cost brokerage network.
âUCCS is the answer to a deficiency the sub-advised industry has battled since its inception in the mid-1970âs,â said Tom Warren, President of UAT, Inc. âOur turn-key system, paired with Linedataâs robust front-office solutions, provides peace of mind, particularly to the sponsor firmâs Chief Compliance Officer and Trustees, who have a fiduciary responsibility for these assets. The potential to monitor real-time positions and lower brokerage fees can result in millions of dollars in cost savings annually for a sub-advised trust.â