Delta Data, a Terminus Capital Partners company and trusted leader in pooled asset processing for over 40 years, is proud to announce its partnership with the Investment Company Institute (ICI), the leading association representing asset management firms serving individual investors, to help asset management firms streamline their participation in ICI's Mutual Fund Transfer Agent Billing Trends and Practices Study.

For years, industry participants have faced challenges in gathering and submitting the necessary data for this extensive study, which provides vital insights into fee structures, asset management practices, and more. Delta Data has been collaborating closely with ICI's survey team to develop a tailored solution that simplifies the data extraction process for its surveys, reducing the significant time and effort traditionally required for firms to participate.

The in-depth collaboration with ICI and pilot clients involved Delta Data creating custom data queries in its Fee Management solution that align with the needs of the survey, making it easier for clients to extract the necessary data. These pre-built queries will significantly reduce the time spent by clients gathering the data, minimizing what has historically been a lengthy and resource-intensive effort.

"We are excited to support our clients in this significant industry study, which provides invaluable benchmarking data to help firms evaluate their fees and practices," said Cameron Routh, CEO of Delta Data. "This is an important step toward our goal of reducing the burden of data collection and empowering firms to leverage this data in their operations, enhancing both accuracy and efficiency."

ICI's study is essential for firms participating in the regulatory and financial sectors, and its results are used by independent directors and decision-makers to assess fee reasonability and market trends. Delta Data's streamlined process is designed to help firms minimize manual effort while ensuring reliable and timely data submissions. 

The study will officially open for registration in early April 2025, with data collection set to begin in September. With Delta Data's support, clients that participate will benefit from cleaner data that can also be leveraged for other internal uses, ultimately leading to improved operational efficiency.

"ICI is excited that Delta Data is developing this valuable service to increase data collection efficiency for ICI's Mutual Fund Transfer Agent Billing Trends and Practices Study. We look forward to seeing how Delta Data's solution may assist study participants with their respective data aggregation. We view this joint commitment to process automation as a positive development to create optimal efficiency for Delta Data's clients and ICI-study participants. The results will assist them in making sound business decisions for the shareholders they serve," said ICI Chief of Industry Operations Jeff Naylor.