The agreement, signed at the end of December 2018, will enable CC&L to combine the production of a diverse range of investment reporting and marketing materials, across its businesses, onto a single consolidated platform.
CC&L provides a broad range of investment products and services to individual and institutional investors through its acquired family of affiliates and collectively manages over USD 55 billion in assets. As the parent company, CC&L delivers centralized operational support services for these affiliates, across Canada, Chicago and London. This includes investment reporting, enabling the individual entities to focus on their critical functions of investment management and client service.
To continue to support both the current and future needs of its growing business, CC&L conducted a review of its existing client reporting processes and technology to ascertain future sustainability. With each affiliate producing an increasing variety of client-facing materials, including investment reports and marketing materials, CC&L needed to replace its existing in-house developed client reporting tool with a fully automated, scalable client communications and reporting platform, to deliver increased control and operational efficiency.
CC&L undertook an extensive and thorough selection process, including a review of best-of-breed solutions available for sales enablement and client reporting, as well as integrated platform offerings. Following this, CC&L identified SimCorp’s Client Communications and Reporting platform, SimCorp Coric, as the optimal solution to address its requirements.
Through the deployment of SimCorp Coric, CC&L will be able to increase its operational agility, by automating the production of high-quality monthly and quarterly investment reports and factsheets, for its globally dispersed affiliates.
Matthew Mak, Director, Information System for Connor, Clark and Lunn Financial Group said: “The client communications and reporting function is a key component of the overall client experience we deliver. Leveraging a single platform to deliver our investment reporting and marketing materials will enable us to deliver consistent, accurate and timely communications to our clients, both efficiently and more cost effectively. By partnering with SimCorp Coric on this initiative, we will be in the best possible position to meet our clients needs, now and in the future.”
Stuart Keeler, Managing Director at SimCorp Coric said: “We are delighted to welcome Connor, Clark and Lunn Financial Group as the latest member of the North American SimCorp Coric client community. With many firms still struggling with a fragmented approach to their communications and reporting, CC&L are ahead of the curve by consolidating their efforts onto one platform. By doing so, they will leverage SimCorp Coric’s client reporting capabilities to enhance their overall client experience and sales enablement solution, to drive new business.”
Enquiries regarding this announcement should be addressed to:
Mittal Shah, SimCorp PR, North America 001 (646) 843 1707 [email protected]
Anders Crillesen, SimCorp Corporate Communications +45 3544 6474 [email protected]
About SimCorp Coric
SimCorpCoricis a best-in-class enterprise client communications and reporting solutionfor private wealth and institutional asset management firmsto automatetheirend-to-end reporting processesand enhanceclient service.The solutionintegrates with virtually any investment management solution, drawing data from any source into a consistent and transparent form across all client communications. SimCorp Coricisfully ownedby SimCorp, a leading provider ofintegratedinvestment management solutions for the global financial services industry, listed on Nasdaq Copenhagen. For more information, please visit www.simcorpcoric.com
About Connor, Clark & Lunn Financial Group
Connor, Clark & Lunn Financial Group is a multi-boutique asset management company that provides a broad range of investment management products and services to institutional, high net worth and retail clients. With offices across Canada and in New York and London, CC&L Financial Group’s affiliates collectively manage over (USD) $55 billion in assets. For more information, please visit www.cclgroup.com