Integration of PROactive™ Reconciliation Solution Enhances Early Detection of Anomalies in Transaction Data
HAUPPAUGE, N.Y. — January 14, 2014 — Gemini Fund Services, LLC (Gemini), an engaged partner to independent advisors as a provider of comprehensive, pooled investment solutions, announces that it is integrating the PROactive™ Reconciliation solution from Broadridge Financial Solutions, Inc. (NYSE:BR) onto its platform. Broadridge is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally.
PROactive Reconciliation will enable Gemini to analyze trading and other transaction data, while automating the calculation of differences in pricing data and identifying any anomalies. These efficiencies mitigate reliance on extensive paper trails to track costly data errors. In addition, Broadridge delivers automation improvements through a variety of delivery options as part of the integration process.
“This reconciliation tool will save us significant time and processing costs by automating trading and data entry operations from beginning to end across our organization,” said Andrew Rogers, Chief Executive Officer of Gemini. “We are always seeking innovative solutions that increase operational efficiencies for our clients.”
Gemini recently integrated the turnkey data aggregation platform of ByAllAccounts, which automates the process of gathering brokerage and custodian data.
“Rising transaction volumes and evolving global regulatory requirements make it more essential than ever for financial services companies to reduce the risk of processing errors and improve organization-wide operations,” said Jose Contin, General Manager of Broadridge City Networks for EMEA and the Americas. “Gemini shares our conviction that organizations must invest in operational efficiency and process control in order to build and maintain client trust, to help satisfy their operational risk management needs, and to enable a timely and effective response to market and regulatory change.”
About Gemini Fund Services, LLC
Gemini Fund Services, LLC (www.geminifund.com) provides comprehensive, pooled investment solutions as an engaged partner to independent advisors. Gemini serves as a strategic partner and resource to advisors that want to bring their own, unique investment vehicles to market, including mutual funds, hedge funds, and alternative investments such as collective investment trusts. As a full-service firm, Gemini provides the administration, accounting, and technology that advisors need in order to launch and market successful products. With over 30 years of experience creating and servicing funds, Gemini brings years of industry knowledge and insight to help advisors achieve the vision of their product and deliver the most extensive range of turnkey solutions to clients.
Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and other corporations. Broadridge’s investor and customer communications, securities processing and managed services solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge's infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America and processes on average $5 trillion in equity and fixed income trades per day. Broadridge employs approximately 10,000 associates in 14 countries.
For more information about Broadridge, please visit www.broadridge.com.
Jennifer Connelly Public Relations