Aegon Asset Management Boosts Client Reporting With Clearwater PRISM

Clearwater Analytics (NYSE: CWAN), a prominent provider of SaaS-based solutions for investment management and analytics, has announced its collaboration with Aegon Asset Management (Aegon AM) to enhance global client reporting capabilities. Aegon AM, known for its active investment strategies, manages assets worth EUR 305 billion. The adoption of Clearwater PRISM by Aegon AM marks a significant step in leveraging modern technology to improve client services and expand its market presence.

Clearwater PRISM is celebrated for its modern, user-friendly interface that promises an enhanced client experience. Its scalability and flexibility are crucial for asset managers like Aegon AM, aiming to grow their client base and boost asset flows. The platform's comprehensive data model minimizes the risks tied to large-scale IT projects, which often demand substantial investment and resources.

Mike Tumilty, COO at Aegon AM, expressed enthusiasm about the partnership, highlighting the benefits of digital transformation through Clearwater PRISM. "This platform enables our client services team to access high-quality portfolio data swiftly, addressing client inquiries efficiently," Tumilty noted. Sandeep Sahai, CEO of Clearwater Analytics, also commented on the collaboration, emphasizing the value of building strong partnerships and the role of Clearwater PRISM in enhancing client engagement and service.

Clearwater PRISM stands out as a comprehensive client reporting platform for asset managers. It allows firms to integrate data from various accounting engines, analytic platforms, and data sources into a unified reporting solution. This capability ensures asset managers can offer their clients a holistic view of their portfolios across multiple platforms.

Aegon Asset Management is a global investor with a team of 385 investment professionals managing USD 338 billion in assets. The company serves a diverse clientele including pension plans, public funds, insurance companies, banks, wealth managers, family offices, and foundations.

Clearwater Analytics is a leading global SaaS solution that automates the entire investment lifecycle. Its platform supports award-winning investment portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk management, and order management. Clearwater Analytics is trusted by insurers, asset managers, corporations, and governments worldwide to manage over $7.3 trillion in assets across both traditional and alternative asset types.

The partnership between Aegon Asset Management and Clearwater Analytics through the implementation of Clearwater PRISM signifies a forward step in the digital transformation journey within the asset management industry. It showcases how leveraging advanced technology platforms can significantly enhance client servicing and operational efficiency.