ACA Compliance Group and Eagle Launch 2020 GIPS® Compliance Solution

11 September, 2019

BOSTON September 11, 2019 – ACA Compliance Group (“ACA”) and Eagle Investment Systems (“Eagle”), a BNY Mellon company and part of Data and Analytics Solutions, announced today a joint approach to help support firms’ compliance with the new 2020 Global Investment Performance Standards (GIPS®).

The first of its kind, this approach combines ACA’s GIPS compliance consulting and verification expertise with Eagle’s technology platform and Eagle Managed ServicesSM to provide an end-to-end solution that helps firms manage the GIPS composite maintenance and verification process. Together, ACA and Eagle provide firms with the expertise, robust tools, and technological efficiency to run a 2020 GIPS-compliant program, from policy and procedure development and updates, composite creation and maintenance, and disclosure reporting, to the firm-wide verification.

The combined approach begins with ACA providing consulting to the client on the requirements of the 2020 GIPS standards and assisting the firm with creating or modifying their GIPS-compliant framework (while still remaining independent to later conduct the verification). The client will then work directly with Eagle to manage the composite creation process within the Eagle hosted framework. Once the composite creation process is completed, ACA will conduct the firm-wide verification. The process is intended to be a seamless hands-on approach from start to finish.

The customizable, rules-based, and multi-currency solution is scalable to meet the needs of both small and large firms, while process automation and managed service expertise supports improved data quality and reporting transparency to simplify the GIPS compliance process.

“Building on the strength of our already established relationship with ACA, we are excited to bring this GIPS 2020 solution to the market,” said Joel Kornblum, Global Head of Strategic Alliances & Consultant Relations at Eagle. “We’re looking forward to combining ACA’s world class consulting services with Eagle’s technology to help asset managers and owners seeking to reap the full benefits offered by this solution to help support GIPS 2020 compliance.”

“GIPS 2020 marks the biggest change to the Standards since their introduction in 1999,” says Charlie Stout, Partner at ACA Performance Services. “Since the number and types of firms seeking compliance are expected to increase, we saw an opportunity to build on our relationship with Eagle to get out in front of our existing clients, but also to pursue new prospects who will be new to GIPS compliance.”

ABOUT ACA PERFORMANCE SERVICES
ACA Performance Services is a part of ACA Compliance Group and provides GIPS compliance verification and consulting services to investment managers around the globe. The ACA team— comprising more than 80 professionals with extensive GIPS compliance and performance standards experience — is the largest group of professionals in the world solely dedicated to GIPS compliance verification and related investment performance services. ACA works with hundreds of firms and currently works with 57% of the top 100 global GIPS-verified firms, as reported by Pensions & Investments magazine. Many ACA clients previously used a different verification firm and/or a Big Four accounting firm. For more information on ACA Performance Services, please visit www.acacompliancegroup.com/performance

ABOUT EAGLE INVESTMENT SYSTEMS
Eagle is committed to helping financial institutions worldwide grow assets efficiently with its award-winning portfolio management suite of data management, investment accounting and performance measurement solutions that are delivered over its secure private cloud, Eagle ACCESSSM. Eagle deploys trusted solutions and services that create operational efficiencies and help reduce complexityand risk. Eagle Investment Systems LLC is a subsidiary of BNY Mellon. Additional information is available at http://www.eagleinvsys.com or follow us on Twitter @Eagleinvsys.

ABOUT BNY MELLON
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of June 30, 2019, BNY Mellon had $35.5 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroomfor the latest company news.

Contact:
Krissy Kennedy
ACA Compliance Group
857.214.1740
kkennedy@acacompliancegroup.com

Jeremy Skaling
Eagle Investment Systems
781.943.2318
jskaling@eagleinvsys.com

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