SOURCE: Advise Technologies

Advise Technologies

July 10, 2013 09:00 ET

Advise Technologies Launches New AIFMD e-Filing Solution

Automated Tool Enhances Efficiency and Reliability for Filers

NEW YORK, NY--(Marketwired - Jul 10, 2013) - Advise Technologies, LLC, an award-winning software solutions provider for global regulatory and investor reporting, announced today that it has launched a new electronic filing tool for the Alternative Investment Fund Managers Directive (AIFMD) in Europe. The new offering will alleviate the filing process for investment advisors and provide a working solution based on the Annex IV reporting template of the AIFMD and related European Securities and Markets Authority (ESMA) guidance.

A by-product of the financial collapse, the AIFMD seeks to regulate alternative investment funds, including hedge funds, private equity funds, commodity funds and real estate funds. Member States must implement the AIFMD by July 22. The AIFMD includes reporting obligations requiring fund managers to regularly report to the competent authorities of Member States. AIFMs with more than EUR 1B AUM will be required to report on a quarterly basis, while AIFMs with at least EUR 100M (leveraged) or EUR 500M (unleveraged) but not greater than EUR 1B AUM will be required to report semi-annually. Advisors will have one month to complete their filing from the compliance date.

The AIFMD electronic filing solution is available on Advise's Consensus RMS platform, which offers the foundation for a robust and repeatable reporting process. Advise developed this latest solution by leveraging the expertise it acquired during the development of its Form PF, CPO-PQR, 13F and OPERA solutions, which are also available on the Consensus RMS platform. The Consensus RMS platform allows managers with multiple reporting obligations to complete the process from a singular platform and utilize one data set ensuring efficiency and consistency across filings.

"Regulatory reporting is an elaborate and time-consuming process, and we are expecting additional updates on the AIFMD later this summer, which could further complicate the process," said Jeanette Turner, Managing Director and General Counsel, Advise Technologies. "We are collaborating with our clients to update our software as the regulatory mandate evolves, and in the meantime, several of them are using our solution to mock-file to make sure they are prepared to file ahead of deadline."

Advise's Consensus RMS offers integration with key accounting, risk, data warehouse, investor relations and other systems. The solution currently supports AIFMD, Form PF, CPO-PQR and OPERA reporting.

For additional information on Advise's AIFMD electronic filing solution, please contact

About Advise Technologies, LLC

Advise Technologies, LLC, provides proven software solutions that facilitate regulatory compliance for private fund managers and their service providers. Through its Consensus RMS suite of desktop and enterprise-grade solutions, Advise supports a full range of global regulatory reporting including Form PF, CPO-PQR in the United States and the AIFM Directive in the European Union. The firm also provides a complete document management system through its Vault DMS suite which helps locate, track and automate key documents, respond to regulatory exams, and comply with FATCA. Built by financial industry veterans, Advise empowers clients to automate traditionally resource-intensive and error-prone processes to ensure intuitive, fast, and cost effective electronic regulatory reporting and document management. The firm is headquartered in New York. For more information, please visit

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