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The majority of the fund industry has
outsourced Blue Sky compliance instead of maintaining it
in-house.
Why?
- Cost – Maintaining an
in-house compliance department is expensive. You have to invest in
personnel, technology and training.
- Risk and Liability – A
breakdown in your compliance process can result in costly fines or
the failure to get a new product to market on
time.
- Lost Productivity –
Daily compliance administration is extremely time consuming. Couldn’t your staff’s time
be better spent?
- Expensive Training –
Training and retraining new staff because of turnover is costly,
and can interrupt your registration
compliance.
- Complicated Changes –
On both the legislation and technology fronts, the compliance
industry is constantly changing. Keeping up with it all can get
very complicated.
Put simply, why
invest your company’s resources on something that someone else can
do more efficiently and for less?
Here’s why the majority of firms that
outsource their Blue Sky compliance choose PNC Global Investment
Servicing’s ClearSkysm
Service:
- Reduced costs – in the
form of lower state fees and operational
costs
- Lower risk – our
service model, technology, internal audits and third party audits
ensure we mitigate the risk of non-compliance to meet your risk
profile
- Unparalleled quality –
our service standards, client customizations, management
oversights, and relationship with the states bring a unmatched
benefit to our clients
Here are just some examples of features and benefits
of the ClearSkysm
Service:
- We consult with each
client on how to best achieve their financial and risk tolerance
goals through our unique and customizable Filing Procedures for
how the funds are registered in the states.
- Each client has
real-time access to their Blue Sky information and reports via
BlueOnline, our web portal.
- By electronically
filing in 33 states using our BlueExpress system, we reduce the
time and risk inherent in mailing filings. Over 70% of our filings
are e-filed.
- A conversion to the
ClearSkysm Service is simple and fast, and we’ll take care of just
about everything.
- Your data is stored at
our tier 1 data center with the highest level of security and
controls, so you know it’s safe.
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