Automated, scalable NAIC, Schedule D, and book-of-record reporting

Asset Allocation & Management Company, LLC (AAM)

Asset Allocation & Management Company, LLC (AAM) provides insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM’s flexible approach and market expertise has enabled them to be successful along with constantly evolving markets.

• Headquarters Chicago, IL
• Assets Under Management $24.4B
• Website https//www.aamcompany.com/

Clearwater’s integrated system for reporting, reconciliation, and data aggregation provides AAM with streamlined and scalable operational processes. Automated regulatory disclosures enable an efficient and accurate period-end close for AAM’s approximately 100 clients. And with Clearwater’s tri-party reconciliation, AAM has clean and dependable investment data they need to make strategic investment decisions.

• $24.4 billion in AUM
• 122 clients across all segments
• 22 member employees with significant ownership in AAM

Challenges

• Required greater automation in daily and period-end operational tasks
• Needed greater access and more flexible reporting, including tri-party reconciliation
• Sought a solution to support NAIC, Schedule D, and book-of-record reporting

Results

• Automated and scalable NAIC Schedule D and book of record reporting
• Daily tri-party reconciliation between trading platform, custodians, and the Clearwater system
• Efficient implementation led by the Clearwater team
• Single set of validated data for greater operational control

“Clearwater allows us to serve our clients more efficiently through greater automation in our daily and period-end operational tasks.”

Chief Compliance and Operations Officer, AAM