Westport Capital Partners LLC, an investment management firm focused on opportunistic and distressed real estate, selected NorthPoint Form PF Software Solutions and has filed From PF utilizing NorthPoint’s services, according to the vendor.
“NorthPoint clearly knows the Form PF and regulatory space and their technology and subject matter expertise was integral to successfully meeting our requirements,” commented Steven Russell, Westport Capital Partners' Chief Administrative Officer in the announcement. The NorthPoint team included a project manager, business analyst and technical experts, he noted.
“With a flexible tool like NorthPoint Form PF, we were able to quickly ramp up and automate many of the filing processes and reduce the effort by countless hours – allowing us to concentrate on our core business requirements. The solution also allowed us to create a fully auditable and repeatable process for future filings, ” explained Russell.
The NorthPoint Form PF/Regulatory Solution is an enterprise application and data repository assisting investment advisors with their Form PF filings to the SEC. This includes:
• Easy-to use data management tools to collect, classify, and aggregate varies sources of data required for the filing. Other features include:
• A user interface that provides tools and reports to review, audit and sign-off on reporting instructions based on the fund's unique reporting elections and prevents unnecessary overrides and repetition
• An intuitive dashboard that shows the status of each section and the overall progress of the filing preparation
• Filing tools to prepare and submit Form PF, within the application, with all collected information stored to provide audit trails of reported numbers.
In the release, Dileep Bhat, NorthPoint senior manager noted that the firm is pleased to work with Westport to help the investment firm understand “the big picture and navigate step by step through the operational challenges— right form data collection to electronic submissions.”
Bhat added that investment management clients would also face regulatory reporting demands from CPO PQR and AIFMD. “With a little planning the process can be successful and bring long-term benefits,” he added in the release.
Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio