CGI UMA roll-out. Presented by: Mike O Riley. CGI GROUP INC. All rights reserved. _experience the commitment TM

Transcription

1 June 2, 2011 CGI UMA roll-out Presented by: Mike O Riley CGI GROUP INC. All rights reserved _experience the commitment TM

2 Agenda UMA Features FIX Messaging g Mutual Fund Order Processing 2

3 UMA Structure Sleeves Each managed sleeve has its own model and weight within the asset allocation May be designated as non-modeled (non-discretionary) May be designated as transitional to hold assets pending transitions Transition Sleeve Non- Managed Sleeve SMA Sleeve (US Equity) Single Custody Account SMA Sleeve (Cdn Equity) Mutual Fund Sleeve Other Investment Sleeve

4 UMA Features Sleeve Level Accounting Trades, cash, and income transactions allocated and tracked by sleeve Inter-sleeve journaling (cash / security transfers) for rebalancing, trade netting, transfers between managed and non-managed sleeves No duplication of transactions between Master account and sleeves Asset Allocation Maintain Asset Mix templates two-level asset class and sector weighted investment structure representing various investor profiles Each client account assigned asset mix template representing IPS IA may modify IA selects model(s) () within each sector to complete client account Asset Allocation Each model selected is attached to a sleeve Tactical Asset Allocation Guidance (TAAG) functionality to manipulate account asset allocations globally Overlay Modeling Individual sleeve rebalancing to mandate / model Rebalancing across account (all managed sleeves) to Asset Allocation Drift tolerance thresholds for sleeve weightings and cash can trigger rebalance Netting of proposed sleeve trades to minimize trading

5 UMA Features Multi-Currency / Cash Management Support multiple l cash currencies across sleeves Inter-sleeve cash swapping to avoid sleeve overdraft Non-Modeled Sleeve Maintain non-modeled (non-managed) sleeves to hold client restricted assets, or non-discretionary assets managed by client and IA Include in statement and sleeve reporting; exclude from managed modeling and asset allocation Support transfers between managed and non-modeled sleeves Transition Sleeve Maintain transition sleeve to support asset transfers in and out of custody account Acts as parking lot for cash and security deposits until target sleeve(s) identified Include in statement and sleeve reporting; exclude from managed modeling and asset allocation Support transfers between transition and managed / non-modeled sleeves

6 UMA Features Consolidated Reporting / Management Reporting Sleeve and account level holdings and performance available for reporting, including client statement Tax Loss Harvesting By single account via trade analysis Review and adjust system recommended trades before creation of trading list Multiple accounts at once through trading lists Ability to enter external loses via carry forward screen Establishment of a floor limit Ability to exclude exempt securities Superficial Loss Portfolio level feature Auto creation of hard constraint based on no. of days set for tax country Cancelation of trade initiating the constraint removes the constraint Constraints automatically removed during overnight processing cycle

7 UMA Fees Sleeve Level Fees Asset segregation by sleeve allows different fee rules to be applied to each sleeve Sleeves can be included / excluded from fee calculations or market value calculations Fees can be charged to the sleeve directly or to a specific sleeve Account Level Fees Minimum and Maximum Fees Transaction Fees Discounts Transition Sleeve No Fee rule Managed Sleeve Fee Rule B Managed Sleeve Fee Rule A Account Level Fees Managed Sleeve Fee Rule B Non- Managed Sleeve Fee Rule C

8 UMA Performance Sleeve Level Asset segregation by sleeve allows performance ROR to be calculated for each sleeve Sleeve composite performance can be calculated and consolidated across accounts for sleeves that follow the same mandate Sleeves can be included / excluded from fee calculations or market value calculations Account Level Sleeve performance can be consolidated within an account to show Account Level performance Managed Asset performance Including / excluding non-managed holdings Performance can be calculated gross or net of fees at the sleeve level and account level

9 Appendix UMA Activities Confidential

10 UMA - Asset Allocation

11 UMA Allocation Rules

12 UMA Sleeve Maintenance

13 UMA functionality included in MSuite roadmap Functional Area Component Detailed Feature/Function MSuite Overlay Management Modeling Tools Cash Management Asset Allocation Model of models (dynamic modeling) What-if analysis Trade determination Rebalance and drift analysis External or internal model management Raise/invest Cash Model construction Portfolio rebalancing with security exclusions Trade netting Tactical allocation calls Prepackaged asset allocation models Asset mix drift analysis Management Fees Revenue Management Flat fees Minimum fees By investment type, mandate, security, service Security exclusions at account, sleeve, household level Invoice creation Advisor inquiry/review of fees Payment tracking Proposal Management Proposal Generation Automated IPS generation Simulations Historical back-testing Portfolio optimization Client risk profiling (KYC) Confidential 13

14 UMA functionality included in MSuite roadmap Functional Area Component Detailed Feature/Function MSuite Integration Book of Record Order management system Support Experience Proximity ASP model Training Reporting, Analysis and Inquiry Household-level reporting Portfolio reporting Sleeve reporting Performance reporting Fully integrated with custodian Exception handling with error correction and reprocessing ability Corporate action and income splitting 2011 Cash management Daily trade, cost, and position reconciliation (custodian) Flexible transaction mapping and filtering Automated portfolio (account) creation New account transitioning 2011 Flexible and scalable 400 local members Conversion expertise from current TD systems 24/7 support State of the art data centres Computer based training Management reporting Pre-post trade compliance reporting Advisor reporting/inquiry Client reporting (transactions, positions, performance) Ad-hoc reporting Complete client statement package (including performance) Custom benchmarks Supports GIPS compliance Report design capabilities Confidential 14

15 FIX Transmission Message Creation of Fix protocol messages Fully compliant for single and general order handling Transmission options Java script (queuing) 3 rd party fix engine SFTP FIX Engine Link to multiple parties Creation of a FIX network or participation in existing network

16 Mutual Fund Order Processing Features MVest OMS automation of trade extract Dollar-based orders Sell-all instruction (liquidate position) FundSERV Standards file formatting FundSERV response/rejection processing Automated fill creation based on price

17 Our commitment to you CGI provides the best mix of responsive local service at global delivery value. _experience the commitment TM