Products January 9, 2014

The Standard Offers DCIO Reporting

The Standard reached an agreement with Access Data to bring defined contribution investment only (DCIO) reporting capabilities to its fund partners.
Reported by

Access Data, a Broadridge company, will provide DCIO reporting through The Standard’s retirement recordkeeping platform. Starting in the first quarter of 2014, DCIO reports will be available to The Standard’s fund partners through an Internet portal designed to provide access to asset, trading and sales information at the plan level.

The DCIO reporting portal gives fund firms offering products on The Standard recordkeeping platform enhanced visibility into sales activity across retirement plans, as well as a deeper understanding of the advisers selling those plans, according to a statement from Broadridge. 

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The portal also helps increase transparency and provides mutual funds with deeper insight into the adviser-driven retirement market accessed through The Standard and other independent recordkeeping platforms that partner with distributors—especially those offering turnkey retirement solutions for small and medium-sized defined contribution plans.

Dan Hall, vice president of retirement plan sales for The Standard, says his firm will leverage Access Data’s technology expertise to provide better sales information to fund partners and help accelerate the growth of The Standard’s adviser-sold plan business.

Access Data is a provider of data management and reporting services for fund firms. The firm provides insurance and retirement-related financial products and services.

More information is available at www.standard.com.

Deals & People January 9, 2014

Oppenheimer Names Compliance Chief

Mary Ann Picciotto will join OppenheimerFunds as chief compliance officer.
Reported by

Picciotto is expected to start in the role during the first quarter of 2014, according to a statement from OppenheimerFunds. The firm’s current head of compliance, Mark Vandehey, plans to retire at that time, following a transition period.   

As chief compliance officer, Picciotto will be responsible for all aspects of regulatory compliance for OppenheimerFunds’ five affiliated investment advisers, as well as the firm’s three commodity pool operators, two transfer agents, and various broker/dealer and state-chartered trust company operations. She will also provide compliance services to more than 100 mutual funds and dozens of institutional accounts.

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Picciotto will be based in New York and will oversee a staff of more than 30 compliance professionals across three U.S. locations. She will report directly to Ari Gabinet, the firm’s general counsel.

Picciotto joins the firm from Morgan Stanley Investment Management, where she most recently served as global head of compliance and chief compliance officer for the Morgan Stanley funds. Previously, she worked for PwC in the investment management services division.

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