Rick Smith
Head of Insurance Solutions
Rick Smith has over 30 years’ experience working in the investment areas of leading insurance companies and providing consulting services to them. He is a proven leader, with a successful track record of leading investment middle and back offices through transformation change. He has successfully led many financial/investment technology initiatives.
Rick is a strategic thinker that is adept at leveraging technology in order to meet a variety of strategic business needs. Specific initiatives include implementing vendor developed software packages across a wide variety of asset classes, overseeing the development of investment Data Warehouses and Date Marts, converting portfolios acquired by insurers via mergers and developing general ledger or other system feeds.
Previously, Rick held investment controllership roles at Athene, Liberty Mutual Insurance, Nationwide Insurance, Jefferson Pilot (now part of Lincoln Financial Group) and ReliaStar Financial (now part of Voya).
Rick earned a Master of Business Administration in Finance from University Of North Carolina Greensboro as well as a Bachelor of Science Degree in Accounting from Metropolitan State University.
The alternative investments market has seen a meteoric rise in recent years. Despite market shakeups, institutional investors continue to show a strong appetite for alternative assets. In fact, according to Clearwater’s economic flash poll, a whopping 72% of institutional investors report that the current economic climate has positively impacted their interest in alternatives.
While the opportunities in the alternative investments space are abundant, managing these assets can be daunting for many businesses. Data often arrives unstructured, making it difficult to maintain and analyze. As investors scale their allocations in alternatives, it’s crucial to have a single source of truth across all asset classes.
Clearwater Analytics: A Comprehensive Solution for Alternative Investments
With over $1.5 trillion in alternative investments AUM and support for thousands of limited partnerships, Clearwater Analytics offers a comprehensive solution for alternative investments.
Clearwater Analytics offers the only investment accounting solution with full asset coverage, providing a comprehensive and streamlined approach to managing alternative investments. With Clearwater, you can gain clarity into the performance of all asset classes, enhance transparency, automate investment data and reporting, and optimize your investment outcomes. Don’t miss out on the opportunity to kickstart your alternative investments with Clearwater and stay ahead in the competitive world of investing.
Clearwater LPx: Streamlining Operational Processes
Clearwater LPx is a full-service solution for private funds that streamlines operational processes, allowing you to focus on what truly matters—the performance of your investment strategy. By automating tasks such as data aggregation, reconciliation, commitment tracking, document storage, accounting, and reporting, Clearwater LPx eliminates many of the operational hurdles associated with managing alternative investments.
Key Benefits of Clearwater LPx
Clearwater LPx offers numerous benefits, including reduced manual effort. Employees no longer need to spend so much time working to retrieve statements, input data into spreadsheets, or reconcile NAV and commitment values. Additionally, multi-asset reporting ties directly to Clearwater’s consolidated book of record accounting, providing visibility into the entire portfolio and improving transparency, access to data, and updated calculations for portfolio performance and investment policy compliance.
Faster Data Delivery and Flexible Reconciliation Tools
Clearwater LPx delivers data faster, with internal processing checks for new documents daily. The platform facilitates your close by offering flexible, knowledge-date-based reconciliation tools that automatically include new balances and activities in calculations and reconciliations while maintaining historical records.
Gain Clarity into All Asset Classes with Clearwater
In today’s dynamic investment landscape, it’s essential to have a comprehensive solution that empowers you to monitor your investments and make timely decisions.
Enhancing Transparency and Analytical Capabilities
Clearwater’s solution for limited partnerships provides a suite of features designed to enhance transparency, usability, and analytical capabilities. With the ability to assess underlying exposure and concentration risk using validated and trusted data, you can monitor your investments across various dimensions, including industry, sector, country, currency, ESG/climate, and company.
Automating Investment Data, Accounting, and Reporting
Clearwater’s robust and flexible reporting tools facilitate in-depth investment analysis, with a single-pane view that enables you to assess exposure across both public and private securities seamlessly. By automating investment data, aggregation, accounting, and reporting, you can improve controls and eliminate time-consuming tasks like gathering and extracting data from multiple sources. Additional features like cashflow forecasting, automated regulatory reporting, and centralized document storage further streamline your investment management processes.
Kickstart Your Alternative Investments with Clearwater
Navigating the complexities of today’s rapidly evolving market can be daunting, but thankfully, there are numerous resources at your disposal to help your business stay ahead of the curve. Clearwater’s platform delivers aggregated, validated, and easily digestible data, offering deep transparency and actionable insights to help you stay ahead in the competitive world of investing.
Schedule a Call with a Clearwater Expert
To gain valuable insights into essential concepts for unlocking growth and scalability with alternative assets, take advantage of the opportunity to consult with a Clearwater expert. Schedule a call to talk to an expert today and embark on your journey towards enhanced investment success.
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