Client SuccessHalyard Asset Management
Saving Time and Resources with Automated FAS Reporting
Clearwater enabled Halyard with best-in-class reporting and analytics. Clearwater’s automated reporting functionality for FAS 115-2 and other disclosures saves time and money for Halyard and its clients.
Market / Asset Managers
Halyard Asset Management was a brand-new firm when they chose Clearwater for its comprehensive and cost-efficient solution. With Clearwater, Halyard gained access to automatic aggregation, reconciliation, and reporting, as well as the automated FAS reporting it needed to differentiate itself in a competitive market and quickly establish credibility.
Headquarters: White Plains, New York
Assets Under Management: $572M
Website: https://halyardmgmt.com/
$572
million in AUM
1
integrated system for investment accounting & reporting
100%
visibility into investment portfolios
Challenges
- Looking for complete transparency with independently verified reports
- Wanted accounting, performance, risk measurement, and compliance reports to draw from a single, reconciled data source
- Needed a system with dedicated FAS 115-2 reporting functionality
Results
- Daily aggregation and reconciliation requiring almost no client or partner intervention
- Integrated accounting, compliance, performance, and risk reporting built on a foundation of independently verified tax lots
- Automatically generated period-end reporting for Halyard clients
“I had done accounting for FAS 115-2 before using an Excel spreadsheet, so I know how difficult it is. Having a system capable of handling FAS 115-2 requirements saves us three to five hours per relationship, per month.”
