New England Pension Consultants (NEPC) has selected Insignis to provide data collection and integration services.
Insignis is a company that automates the back-office functioning of plan sponsors and pension consultants by collecting and integrating data from money managers, brokers, and custodians. Its largest client is General Motors Asset Management, for which it collects data from over forty providers.
For pension consultants, Insigna collects data from multiple custodians to feed their systems for performance, attribution, risk, compliance, and reporting. Insigna aims to deliver the data in a single, standardized feed which is formatted for direct submission to internal systems.
“The result is significant cost savings,” says Peter W. Dietz CEO, Insignis. “Our focus is data quality and speed of data.”
The Insignis platform also aims to help its clients perform analytics, risk and exposure assessment, compliance monitoring, and performance measurement. “Also, because the Insignis system collects both monthly and daily data, clients will be able to seamlessly migrate to new systems that utilize daily data as the custodians move to daily valuation,” says Dietz. “The data is available today.”
Dietz adds that Isigna is capable of collecting data from hedge fund strategies on behalf of plan sponsors, and can help companies comply with Sarbanes-Oxley.
“NEPC has selected the Insignis IPI technology and data platform as part of our continuing efforts to improve and expand our services to our plan sponsor clients,” says Bill Bogle, Senior Partner, NEPC. “We expect significant speed and efficiency improvements from the IPI service.”