Riva TA is an integrated shareholder accounting solution for a range of products, global markets and administration models.

The proposition is a centralised integrated solution with a light footprint deployment. Technology and infrastructure cost savings, along with business risk reduction with streamlined operations and faster to market opportunities. One of the world’s largest administrators of funds has proven the Riva TA solution in real life market demands, proving robustness and scalability of global deployment.

The global framework supports cross border distribution, managing time-zones, multi-lingual and multi-currency needs.

Markets and Products Supported

A modern commercial software solution enabling access into multiple markets and products.

  • SICAV and UCITS, supporting cross border distribution into multiple markets including Canada.
  • Unit trusts, Investment Trusts and Alternative funds
  • Private Equity and Real Estate
  • Wrappers supported for UK
  • Money market

Integrated

The Riva Workflow and Imaging solution is a game changer. Our solution is out-of-the-box integrated, includes image repository management (optional), automatic indexes and is designed specifically for our industry. The solution is commercial, so still provides user customisation of workflow paths to support your business processes, but without additional programming. We recommend a demonstration.

Scalable

The solution was designed from inception to be scalable. This is seen in the functional controls, as well as the technical architecture. Riva TA is proven in high volume 24 x 7 global deployment.

Operations Management

To support high volume administration, the software provides process monitoring at various levels.

  • Reporting
  • Drill through enquiries
  • Workflow queue status and statistics
  • Calendar and event scheduling
  • Automation and alerts
  • Process management (schedule, review, authorise, release and reverse)
  • Detailed audit, down to field level changes
  • Quick view dash boards
  • Multiple market and time-zone management (multiple daily price point)
  • 24 x 7 operations
  • Real-time processing
  • Segregation of duties and data security model for global administration

Key Features

  • Shareholder register, supporting a range of account structures including house holding
  • Mutual fund trading, covering a range of markets and products
  • KYC / AML management
  • FX, multi-currency and exposure management (including trading, settlement and reconciliation)
  • Cash management, including GL with supplied chart of accounts, reconciliation and forecasting
  • Reporting (regulatory, operational, compliance, audit and user defined)
  • Taxation (a number of markets supported and user configurable options)
  • Aggregation, including box management
  • Corporate actions (mergers, splits and distributions)
  • Retail support, savings plans, wrappers, complex account structures
  • Case management (and call centre)
  • Fees structures (FEL, CDSC, ROA, LOI, lot accounting, user defined, exit charges and scaled charges)
  • Full commission management (prepaid, initial, trail, retrocession and renewal. Reporting, settlement and reconciliation)
  • Distributor (dealer) hierarchy
  • Audits and controls (maker / checker, authorisation, verification and history)
  • Client document production and management

Example Deployments

Large retail

For follow the sun, 24/7 use, high volume retail, distributor network and multiple channel STP operations. Our software is industry proven with this level of use.

Specialist

Manage alternatives and take advantage of the control and audit richness of a proven high end scalable solution. Example is the integrated workflow and imaging.

Third party administrator

Riva TA supports multiple shareholder records on a single database, significantly reducing costs compared to multiple installs. Attract new business with the extensive range of markets and products supported.

Aggregator

Local TA servicing, position forecasting, consolidated trading and reconciliation. SWIFT message support.

Shadow record keeping

Shadow administration and reconciliation on a proven scalable solution.

Sub-TA

Supporting all sub-TA structures, omnibus and nominee along with position reconciliation, adjustments and interfacing.

Platform

Support multiple fund companies as a sub TA fund supermarket distributing platform with one single implementation.

Basil Fox, President of Franklin Templeton Investor Services LLC., said, “The successful conversion of our UK product range to the Riva TA system realises one of the great benefits of our strategic partnership with Riva by enabling us to service multiple investment products on a single system, which for a large global asset manager such as ourselves represents a very exciting milestone.”