Deals & People October 19, 2007

Citi Selected by Harding, Loevner Management for SMA Business

Citi Markets&Banking has been selected by Harding, Loevner Management, L.P. to be the service provider for the investment adviser's retail separately managed accounts (SMA) business.
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According to a Citi news release, the foundation of Citi’s SMA capabilities is its Asset Manager Solutions for Separately Managed Accounts, a tightly integrated end-to-end operations platform.

“Particularly important in our decision to select Citi is its ability to deliver a single front-end trading application capable of supporting step-out trading to our choice of broker or electronic destinations, thereby helping us seek best execution of our trading orders. Also, Citi’s scalable trading application will allow Harding Loevner to accept invitations into sponsor channels that we previously had to decline due to trading efficiency or execution considerations,” said David Loevner, President, Harding, Loevner Management, in the release.

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Asset Manager Solutions provides:

  • Automated account opening and maintenance,
  • Document imaging and archival, auto fax and workflow management,
  • Portfolio manufacturing, modeling, maintenance, automated restriction and tax management,
  • Automated trade blocking and execution – including sponsor connectivity, step outs, trade-aways and direct market access,
  • Trade confirmation, allocations and settlement,
  • Automated reconciliation,
  • Trade order generation services for account opening, account maintenance, and model changes,
  • Electronic trade routing and best execution monitoring,
  • Performance reporting, attribution, composite maintenance and portfolio analytics,
  • Electronic support for voluntary corporate actions,
  • Client communications and fulfillment, and
  • Embedded compliance reporting and audit control.

More information can be found at www.hardingloevner.com and www.citigroup.com.

Deals & People October 19, 2007

Corporate Benefit Advisors Selects Synapses for Plan Analytics and Participant Education

Synapses Inc., a provider of personalized 401(k) education, products and services, has been selected by Corporate Benefit Advisors, Inc. (CBA) to evaluate CBA’s 401(k) customers at the participant and sponsor level.
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CBA, a provider of employee benefit and corporate retirement plans, will employ Synapses’ Sponsor Profile service and Retirement Income Report tools for full analyses of its 401(k) plan clients, according to a press release. The Sponsor Profile service will provide CBA with statistics illustrating the retirement income status not only of each participant, but also of each plan as a whole, and CBA will be able to provide suggested steps to meet retirement income goals for each participant.

Synapses’ Sponsor Profile offers organizations top-down views of:

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  • Percentage of eligible employees on target for income replacement at retirement;
  • Percentage of eligible employees fully utilizing plan design features such as company match, auto-escalation, target date maturity funds, and managed account products;
  • Participant action items needed to meet income replacement goals;
  • Segmentation of participant audiences according to their actual investment mix compared to what their mix would be in an automatic rebalancing plan; and
  • Quantifying the retirement income impact of moving a participant into an automatic rebalancing plan.

Additionally, the release said CBA will use other targeted communication campaigns to further educate its customers’ employees by creating a real-time snapshot of contribution progress and assisting employees to meet savings goals.

More information about Synapses is at www.synapses.com, and more information about CBA can be found at www.benefitsadvice.com.

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