MoneyMate

This highly strategic combination of three leading organizations will result in a global platform that leverages software across a broad range of solutions to enable clients in the financial services industry to meet mandatory regulatory and compliance requirements.

The CSS platform provides a comprehensive technology-enabled offering encompassing regulatory reporting, data management, outsourced compliance management services, compliance workflow tools, shareholding disclosure, trade monitoring, trading analytics and cybersecurity solutions. The Company focuses on serving the global financial services industry and collaborates with a large client base across asset managers, alternative investment funds, investment advisors, broker-dealers, banks and insurance companies.

The platform offers expertise in an extensive range of regulatory requirements including AIFMD, CPO-PQR, Form ADV, Form PF, MiFID II, N-MFP, N-PORT, Rule 206(4)-7, Rule 38a-1, Solvency II and PRIIPs, among many others.

Key products across the platform’s current offering include Consensus, Signal, Vault, Ascendant, ACM, Trade Blotter Manager, Accudelta, Silverfinch and Longboat Analytics. The Company maintains a global footprint across both the United States and Europe with offices in locations including New York City, Salisbury (CT), Dublin, London, Paris and Amsterdam. The senior executive teams of all three companies will continue to run their respective businesses as part of the CSS platform.

“The financial services industry faces significant operational challenges and headwinds from the complex and ever-changing regulatory environment. Now more than ever, firms need to leverage technology and software to ensure compliance with a broad range of non-discretionary regulatory requirements in a transparent and efficient manner.

This unique combination of Advise, Ascendant and MoneyMate will provide the industry with a strategic partner for regulatory compliance,” said Jim Casella, who will serve as Chairman and CEO of the CSS platform and be based in New York City. John Lee, who will serve as Managing Director, Europe for the platform and be based in London, added, “The undercurrent from key regulatory drivers such as AIFMD, MiFID II and PRIIPs, is being felt worldwide. To prepare optimally for the myriad reporting and data management challenges these present, institutions are seeking a tactical solution that is global in scope and aligned to the competing priorities of business continuity and minimizing the internal costs of compliance. This calls for a trusted partner with the agility and global reach to deliver a suite of scalable compliance solutions that are in step with evolving regulatory demands.”

“We are very excited about the launch of CSS and feel that establishing a platform in the complex, changing and rapidly growing GRC sector represents an important strategic move for our firm,” commented Scott Marden, Managing Partner of CIP Capital. “Advise, Ascendant and MoneyMate have each developed a range of innovative solutions in response to the needs of their clients,” added Bobby Kelly, Managing Director of CIP Capital. “We look forward to serving as their partner as part of the combined platform and providing additional resources and further investment in order to better serve our global client base.”