Leading Solutions for Investment Services

Leading Solutionsfor Investment Services

© Copyright 2017 Silver Management Group, Inc. | All Rights Reserved

Silver is a trusted provider of enterprise-class business and technology solutions for investment services companies – Silver Solutions.

Accurate Data Easy to Operate Seamless Integration Ultra Scalable

COST BASIS FEE BILLING PORTFOLIO DATA


We are Silver

We deliver seamless, scalable business and technology solutions for investment

services companies – Silver Solutions.

Our employees apply decades of securities industry and software development experience

along with their passion for solving real-world problems.

Our strategic partners provide complementary services, software, and market data to

enhance our solutions.

Our clients trust our deep knowledge of brokerage operations, cost basis reporting,

and wealth management.

They value our understanding of their internal processes, systems, and environments.

And, they appreciate our adaptable software that integrates seamlessly with their technical

infrastructure and scales to meet their specific business needs.

This is why clients choose Silver.

Why Silver Solutions are processing tens of millions of investment accounts and

more than $1 trillion in assets.

And why, after 25 years in business, Silver continues to deliver superior value for our clients.


2007 — deployed

ultra-scalable portfolio

accounting and

account/grouping

management solutions

as part of client's

enterprise-wide SOA

initiative

2004 — expanded wealth

management and

brokerage operations

consulting practices

2002 — integrated software

components as part of

client’s multi-vendor

financial advisor platform

2000 — launched full suite

of retail securities

brokerage software in

client's multi-tenant online

service bureau

1998 — focused

consulting practice within

investment services

industry and commenced

proprietary software

development initiatives

1991 — founded

company to provide

multi-disciplinary, multi-

industry management

and technology

consulting services

2016 — expanded

outsourced business

processing operations

services for cost basis,

fee billing, and

performance reporting

2015 — deployed fully

automated fee-based

billing solution as part of

client’s wealth

management platform

2014 — integrated

centralized portfolio data

solution in support of

clients’ multi-vendor

wealth management and

robo-advisor platforms

2013 — released adjunct

fixed income engine for

integration with clients'

existing portfolio

accounting systems

2011 — launched EESA-

compliant cost basis

solution in support of

brokers’ regulatory

transfer reporting and

year-end tax reporting

2009 — released adjunct

wash sales engine for

integration with clients'

existing portfolio

accounting systems


The Silver team applies decades of securities industry

and software development experience along with a passion

for solving real-world problems to deliver cost-effective

brokerage operations, cost basis reporting, and wealth

management solutions for our clients.


Executive Team

Blake Henry Managing Partner, Business

Blake is responsible for establishing and enriching

client relationships, identifying opportunities for

partnerships and growth, and leading all aspects

of Silver’s business operations. Since he founded

the company in 1991, Blake has overseen

development and deployment of several

enterprise-scale brokerage processing

applications – primarily for large investment

services organizations – and has personally

managed numerous consulting engagements. Prior

to founding Silver, he was a Computer

Programmer for IBM Corporation and CACI Field

Services. Blake earned his B.S. in Economics at

the Wharton School of the University of

Pennsylvania with concentrations in Marketing

and Decision Science.

Neal Ruskin Managing Partner, Product

Neal is responsible for Silver’s suite of brokerage

processing software and serves as strategic

business and technology advisor for Silver’s

investment services clients. An acknowledged

expert in cost basis portfolio accounting and

investment tax reporting, he serves as an

industry thought leader and guides Silver’s

interpretation of IRS regulations and related

statues. Prior to joining Silver, he served as

Chief Enterprise Architect at TD Ameritrade and

Technical Director at CheckFree Investment

Services (now Fiserv). Neal earned his M.A. in

Industrial Design and Human Factors from The

Pratt Institute and his B.A. in Political Economics

from Princeton University.

Robert BenkovitzManaging Partner, Technology

Rob is responsible for all technical aspects of

Silver’s suite of brokerage processing software

and hosting services. He heads a team of highly-

skilled and experienced software development

professionals in technical design, application

architecture, research and development,

quality assurance, software deployment, and

technical operations. Prior to joining Silver in

1999, Robert served in various technology

positions with CheckFree Investment Services

(now Fiserv), Prudential Investments, ILX

Trading Systems (now Thompson Reuters), and

Brown Brothers Harriman. Robert earned his

B.S. in Computer Science from the State

University of New York at Stony Brook.


Silver Cost Basis Solutions

Fully compliant with the cost basis reporting provisions of the Emergency Economic

Stabilization Act of 2008 (EESA) and related regulations and designed for configurability and

customizability, Silver’s cost basis platform may be licensed and deployed with any mix of

available features to satisfy specific business requirements.

• Automated “Zero-Break” Corporate Actions

• Inline Fixed Income Processing (Simple & Complex Debt)

• Comprehensive Wash Sales (Full Traceability)

• Low Cost Operations & Support

• Adjunct Capability

• Flexible & Rapid Integration

• Ultra-Scalability



• Automated “Zero-Break” Corporate Actions

Provide accurate cost basis through corporate actions via automated zero-break processing

vastly reducing operations workload.

• Inline Fixed Income Processing (Simple & Complex Debt)

Meet regulatory requirements for fully conformed tax, transfer, and client reporting for all

simple and complex debt instruments.

• Comprehensive Wash Sales (Full Traceability)

Rely on the industry’s most accurate and complete wash sale processing while maintaining

independent lot and sublot views. Also maintain full traceability for lot-level operations

and client support and configurable sublot granularity for reduced volume reporting to

serve very active accounts.

• Low Cost Operations & Support

Reduce operational workload via comprehensive exception reporting and a full-featured

operations portal, as-of capability, bulk operations and automatic re-processing. Reduce

client support workload via lot and sublot explainer tools.


Silver Cost Basis Solutions (cont’d)

• Adjunct Capability

Supplement existing tax lot systems with fixed income and/or wash sale processing via

reconciliation-free integration that avoids precision, rounding, fractional share, lot

disposal sequence, and other pitfalls.

• Flexible & Rapid Integration

Integrate with multiple back-office, trading and other data sources via rapidly

configurable rule-driven interfaces; maintain synchronization with other lot accounting

systems; chose to maintain critical security and account master data including asset

classifications, specified as of dates, average basis elections, fixed income elections,

Sec 475 status directly within the system or via existing systems and business processes.

• Ultra-Scalability

Scale to millions of accounts and accounts with millions of transactions within tight SLAs

via event-driven parallel processing and a hybrid persisted/dynamic data model with

snapshotting capability.



Case Study — Retail Broker

A leading online broker with a large mix of active

traders and buy-and-hold investors needed help after

the cost basis solution offered by their back office

provider failed to meet their needs. In only four

months, Silver integrated its cost basis platform and

processed a year’s worth of activity in time to meet

the initial reporting deadline. Silver’s Cost Basis

solution continues as the broker’s cost basis “book of

record”, processing over 1 million daily transactions

and supporting year-end 1099 reporting for over 5

million accounts with more than 80 million open lots

and 500 million closed lots to date.

Client Platform

Silver Cost Basis

Flexible Integration



Case Study — Prime Broker

Silver helped a major prime brokerage services

provider add wash sales and fixed income processing

capabilities to an existing portfolio accounting

system. We did this without disrupting their current

business and technical processes. Where other

providers were unable to handle the extremely high-

volume typical of prime accounts, Silver’s solution

scaled to meet their needs, processing over 200,000

debt lots and more than 500 million wash sale

sublots in just 2,500 accounts (some with millions of

transactions). All was accomplished without

requiring any ongoing stock record reconciliation

thereby minimizing operational overhead.

Wash Sales

Client Cost Basis

Ultra-Scalability

Fixed Income

Processing


Silver Fee Billing Solutions

Silver’s Fee Billing solutions help firms to streamline their billing processes, guard against

potential fee leakage, and reduce operational risks by employing a fully customizable billing

platform available as an in house or cloud based solution.

• Flexible Billing Methodologies

• Robust Fee Schedule Support

• Exclusions and Discounts

• Advanced Account Grouping

• UMA and Asset Class Billing Support

• Configurable Workflow

• Seamless Integrations

• Streamlined Operations


• Flexible Billing Methodologies

Bill quarterly, monthly, or on demand, in advance or in arrears, using end of period or daily average

values, for multiple payees, configurable down to the individual product level.

• Robust Fee Schedule Support

Create multi-tier fee schedules that work for your business. Assign fee schedules at the firm or

product level, or down to the advisor, group, and individual account levels for “exception to the

rule” clients. Create fee splits for advisors that share accounts.

• Exclusions and Discounts

Set up total portfolio, UMA sleeve, asset class, or security exclusions and discounts for your entire

firm, specific products or advisors, or individual groups and accounts.

• Advanced Account Grouping

Create multi-tier account groups to allow for break-point qualification at the household level, and

consolidated invoicing and account debiting. interfaces.



• UMA and Asset Class Billing Support

Calculate fees at any mix of the total portfolio, UMA sleeve, or asset class levels.

• Configurable Workflow

Automate your intra-period billing workflow by configuring events such as account

opening/termination, large flows, advisor changes, and UMA sleeve changes to trigger bill

re-calculations.

• Seamless Integrations

Take advantage of integrations with multiple custodians and data aggregation providers to

seamlessly update portfolio and relationship data, as well as the digital transmission of

debit files. All billing data is also made available through multiple extracts as well as a fully

formed Restful API.

• Streamlined Operations

Take advantage of easy to use exception reporting and remediation tools to identify and fix

reconciliation issues leading to potential fee leakage. View audit trail reports identifying

updates made by operators and data interfaces.

Silver Fee Billing Solutions (cont’d)



Case Study — RIA

Silver’s Fee Billing solution helped an RIA firm with

more than 500 advisors move from a manually intensive

and error prone, outsourced billing process, managed

with spreadsheets to a fully automated and integrated

cloud-based solution. This enabled the firm to move

away from maintaining fee schedules at the individual

account level, and allowed them to set up UMA sleeve

default schedules with account overrides. This resulted

in a dramatic reduction in the number of fee

schedules, reducing errors and risk while alleviating

operational strain. Silver’s Fee Billing implementation

automated the valuation of assets and creation of

account groups through an automated data interface

with one of the largest custodians servicing

independent RIAs including debit file integration.

Automated Data

Interface

Unified Managed

Accounts (UMA)

Streamlined Operations


Silver Portfolio Data Solutions

Silver’s Portfolio Data solutions provide firms with a complete picture of their entire book of

business by delivering an automated, reconciled source of portfolio and relationship

management data in support of the powerful reporting of performance and risk

measurement, data analytics, and key performance indicators (KPIs) that firms care about.

• Automated Relationship Management

• Flexible Data Entitlements

• Robust Performance Reporting

• Configurable Benchmarks

• Correlated Risk Measurements

• Insightful Data Analytics and KPIs



• Automated Relationship Management

Automate the creation of multi-tier account householding and grouping, via data

interfaces with customized rule sets.

• Flexible Data Entitlements

Access account and group data from automatically configured entitlements customized

for your firm, from home office, advisor and manager access, to individual investor

permissions and full admin capabilities.

• Robust Performance Reporting

Create powerful performance reports using before and after tax portfolio returns and

asset allocation data created by Silver’s fully GIPS compliant calculation engine.


Silver Portfolio Data Solutions (cont’d)

• Configurable Benchmarks

Compare performance returns and risk measurements to user defined benchmarks including

weighted blends of securities and/or indexes.

• Correlated Risk Measurements

Put performance returns into context by correlating them with risk measures your firm cares

about like alpha, beta, Sharpe ratio, standard deviation, and many more.

• Insightful Data Analytics and KPIs

Fully understand your firm’s practice by leveraging “big data” insights and KPIs that matter to

you. This includes firm metrics such as gross revenues, growth indicators like revenue

increases from existing, new, and retained clients, and distribution measures like average

revenue per client, advisor, branch, and more.


Case Study — FinTech Provider

Silver’s Portfolio Data solution was implemented for a

cloud based software provider, powering an innovative

advisor workstation and robo-advisor platform which

supports numerous RIA firms. Silver’s Portfolio Data

solution provides the central access point for portfolio

data, relationship management, and data entitlement

information, as well as acting as the source of

aggregated data for performance reporting and fee

billing calculations. Automated portfolio data interfaces

with a large custodian, an external rebalancing provider,

and a third party data aggregation service provide

turnkey access to extremely rich client data which

seamlessly integrates with the advisor workstation

platform through Silver’s RESTful API.


Advisor Workstation

Fee Billing

Central Access Point

Robo

Platform

Portfolio Data

Performance

Reporting


Thank you!

Silver Management Group, Inc.

Phone: 800.319.6865

Fax: 630.214.8793

[email protected]


Date post:	01-Mar-2022
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