Angela Centeno, CPA
Director, Research
Angela Centeno has more than 25 years of experience in financial services. Prior to joining Cutter in 2015, Angela worked for The Northern Trust Company in multiple roles including sourcing and procuring enterprise market data, investment operations outsourcing, and vendor and custodian relationships. She previously held senior positions in operations management, project management, data management, and solutions implementation. Angela earned a bachelor of science in accounting and a bachelor of science in business administration from the University of Kansas, as well as an MBA in finance from DePaul University. She is a registered CPA.
Recent research assignments and publications include the following:
- AI Use Cases in Investment Management: Infinite Possibilities
- Alternative Investments
- Client Reporting Systems
- Cutter Benchmarking: Alternative Investments
- Cutter Benchmarking: Derivatives and Collateral Management
- Cutter Benchmarking: Firmwide ESG Capabilities
- Derivatives and Collateral Management Solutions
- ESG Data Management
- ESG: It’s a Jungle Out There ─ A Look at the Data Provider Landscape
- ESG Investing: One Vision, Many Lenses
- Market Data Administration
- Private Debt
Stacia Graham
Head of Research
Stacia Graham brings more than 30 years of experience in investment management as Head of Research at Cutter Associates, where she leads a team of analysts that delivers insights and events to Cutter’s global members.
Stacia joined Cutter in 2018 and, as part of the research team, worked closely with members and vendors to author numerous reports and deliver insights at events on many topics, including client reporting, modern compliance in investment management, investment management platforms, portfolio analytics solutions, asset allocation and total portfolio approach, and research management systems. She brings a deep understanding of end-to-end asset management processes and project management, and has also served as a subject matter expert for targeted engagements in enterprise risk and compliance.
Prior to joining Cutter in 2018, Stacia held various senior roles at Wellington Management Company in compliance, investment administration, and operational risk, including leading the global Investment Guideline Compliance team for eight years.
She earned her bachelor of science in business administration from Bryant University and an MBA from Bentley University.
This research provides an overview of challenges asset managers face in creating client reports, especially related to customization, lack of automation, and data quality. It also provides assessments of vendor systems that support client reporting.
Areas covered include an overview of trends we see in client reporting, our perspectives on the vendor landscape, and we describe core client reporting functionality. We also evaluate these client reporting systems: Assette, Factbook: Studio 10, FactSet: Vermilion Reporting Suite (VRS), Kurtosys, Opus Nebula: Reporting as a Service (RaaS), SimCorp: Client Communications, and SS&C Technologies: Vision FI. We also include additional information on offerings by Clearwater Analytics, Instinct Digital, Neoxam, and Satuit.