Jonny Dittmer
General Manager, Clearwater for Stable Value
Jonny leads a cross-functional team dedicated to developing impactful solutions for Clearwater’s stable value clients. He works closely with current and prospective clients to understand their technology needs and shape Clearwater’s solutions to meet those needs.
Jonny joined Clearwater in 2010 as an account manager. Throughout his career, he’s led and contributed to major initiatives in areas including client services, data, implementation, pricing, product, and knowledge management.
Jonny earned a bachelor’s degree in finance and marketing from Gonzaga University.
Stable value funds are an important investment option within US retirement and defined contribution plans, providing consistent and predictable returns for investors. They also provide opportunities for continued growth for both asset managers and financial institutions insuring the funds. But stable value funds are complex investment vehicles that require specific and robust accounting support.
To effectively and responsibly manage stable value funds, it’s crucial to have the right technology in place for your investment operations.
Given the inherent complexities of stable value funds, managers and wrap issuers have traditionally relied on legacy systems – often built and maintained on-site – along with manual processes and workarounds to support their investment operations. Although this may work for a while, too often we see these processes stand in the way of opportunities for growth and contribute more to risk than return. In addition, they weren’t built in a way that’s easy to update and adapt to the changing demands of investment data management and client reporting.
That’s why I’m excited to share that Clearwater for Stable Value is here to deliver a new option designed to bring significant improvements to your investment data management, accounting and reporting processes, and portfolio transparency.
What is Clearwater for Stable Value?
Clearwater for Stable Value is built to meet the specific accounting, reporting, and operational needs of stable value managers and wrap issuers within a single, integrated system.
This web-based solution includes Clearwater’s signature automated investment data aggregation, reconciliation, and reporting; trusted to process more than $7.3 trillion in assets each day. Within that solution, stable value teams will find a suite of tools and reports to handle everything from contract value accounting to crediting rate resets and even tailored statement creation.
Contract Value Accounting
Clearwater for Stable Value specifically supports contract value accounting, storing contract data, and calculating daily contract values based on the periodic crediting rate.
The system gives wrap issuers and fund managers the ability to conveniently review and approve rate resets directly on the Clearwater platform.
Trade Capture Tool
Managers and wrap issuers can use Clearwater’s Trade Capture Tool to enter trades at book value and create custom trade tickets to send to their counterparties to streamline operational processes.
Integrated Reporting and Analysis
Clearwater for Stable Value seamlessly integrates with Clearwater’s compliance, performance, and risk analysis reporting capabilities, which enables a holistic view of assets within a single solution. The solution even allows users to analyze exposures and portfolio construction across complex fund structures providing market to book look through for any stable value fund. Internal and external shareholders can easily create and share reports, further enhancing transparency and communication.
Why Should You Partner with a Technology Provider?
At Clearwater, we develop strong partnerships with our clients to ensure they have the technology and support they need for continued success. Our solution is built on industry best practices and continually enhanced based on feedback from our clients.
Partnering with Clearwater empowers stable value managers and wrap issuers to tap into this proven technology and leverage Clearwater’s established data connections, robust accounting engine, and preconfigured reporting, along with our team of client-focused experts providing support. You have a partner dedicated to maintaining modern, reliable technology for you, instead of building and maintaining these functions on your own.
We look forward to further extending those partnerships in the stable value industry.
We recently announced Clearwater for Stable Value was selected by T. Rowe Price. You can read the press release here.
See it for Yourself
We welcome the opportunity to show you Clearwater for Stable Value in a tailored demonstration just for your team. Contact us here to schedule a meeting and learn more.