Saving time and resources with automated FAS reporting

Halyard Asset Management

Halyard Asset Management was a brand-new firm when they chose Clearwater for its comprehensive and cost-efficient solution. With Clearwater, Halyard gained access to automatic aggregation, reconciliation, and reporting, as well as the automated FAS reporting it needed to differentiate itself in a competitive market and quickly establish credibility.

• Headquarters White Plains, New York
• Assets Under Management $572M
• Website https//halyardmgmt.com/

Clearwater enabled Halyard with best-in-class reporting and analytics. Clearwater’s automated reporting functionality for FAS 115-2 and other disclosures saves time and money for Halyard and its clients.

• $572 million in AUM
• 1 integrated system for investment accounting & reporting
• 100% visibility into investment portfolios

Challenges

• Looking for complete transparency with independently verified reports
• Wanted accounting, performance, risk measurement, and compliance reports to draw from a single, reconciled data source
• Needed a system with dedicated FAS 115-2 reporting functionality

Results

• Daily aggregation and reconciliation requiring almost no client or partner intervention
• Integrated accounting, compliance, performance, and risk reporting built on a foundation of independently verified tax lots
• Automatically generated period-end reporting for Halyard clients

“I had done accounting for FAS 115-2 before using an Excel spreadsheet, so I know how difficult it is. Having a system capable of handling FAS 115-2 requirements saves us three to five hours per relationship, per month.”

Steven Boyd, Principal, Halyard Asset Management