By the Numbers - The AUM Challenge

Philip Orlando, CFA

Senior Director, Consulting

Philip (Phil) Orlando is a Consultant at Cutter Associates and brings over eleven years of consulting, organizational strategy, client service, operations, accounting, and IT experience to Cutter clients. Phil has been involved with multiple Front, Middle, and Back Office strategy engagements covering accounting systems, portfolio management and trading, pre and post-trade compliance, risk management, and data management and governance. Phil also has extensive experience with client and sales management (e.g. client reporting, CRM).

Prior to joining Cutter Associates, Phil was an Organizational Strategy Business Analyst at State Street Bank where he worked on several large-scale projects including the implementation of an enterprise workflow tool and a new inquiry management system. He also guided a program purposed to transition complex cash, reconciliation, and trade tasks from the business units to centers of excellence (COEs).

Previously, Phil was an ETF Client Operations Account Manager at State Street Bank. He launched new ETFs & on-boarded new clients, managed relationships with several ETF sponsors, and crafted specifications for IT resources to continuously improve the accuracy, reliability, and efficiency of ETF processes.

Phil holds a B.S. in Finance from Stonehill College and is also a CFA charterholder.

Apr 01, 2019

Critical bottlenecks that hinder a firm's ability to report accurate and consistent AUM and flows

We’ve all been in a situation where asking the same, seemingly straightforward question to five people has produced five different answers. Similarly, asking associates in various departments at an asset manager for AUM numbers or asset flow data, will likely elicit many varied answers. Why is that?

Asset Under Management (AUM) is a fundamental metric indicating the market value of all assets managed by an investment management firm. Flows can be characterized as the investor-directed movement of assets in and out of investment products. These definitions are mature and widely used. So, where do the challenges in reporting accurate and consistent AUM and flows lie? We’ve identified five critical bottlenecks that can hinder a firm’s ability to get the information easily.

You can read the full article here.