Tom Secaur Discusses NAV Oversight with Ignites

Citisoft's Tom Secaur was recently featured in an Ignites article on the industry trend towards increased service provider oversight for net asset value calculations. Given an industry backdrop of NAV delays due to technical issues and widespread manual processes for verification, asset managers are pressuring vendors to provide better solutions for backup work and oversight.

Tom weighed in on the costs and benefits of solutions in the market. "You can't dismiss the importance of having a reasonable second set of books and records and a strong oversight function. The question is to what extent do you actually replicate those functions?"

For more thoughts from industry leaders on service provider fund admin oversight and where it's headed, read the full article.