CTS Process for Asset Owners
Contact ClearGlass Ireland, info@vfm.ie and they will reach out to you to explain the process and obtain some necessary details about the scheme(s), including the full list of asset managers and fund and mandate details.
ClearGlass Ireland’s Asset Owner team will be in contact and send the following documents for review and signature:
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Service Agreement (via Docusign) which includes the standard Terms & Conditions.
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Letter of Authority (via Docusign) which authorises ClearGlass to collect the CTS data on behalf of the scheme(s).
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Invoice (via Quickbooks) for standard CTS charges.
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ClearGlass Ireland contacts each asset manager and requests them to complete a CTS Template for each fund or mandate held.
ClearGlass Ireland provides asset managers with very clear guidelines for CTS Template completion, supports them with competition of the templates and
ensures timely delivery.
The completed CTS Templates are checked and verified by the ClearGlass Ireland Quality Control Team.
ClearGlass Ireland generates two reports and shares them with the asset owner.
CTS Cost Transparency Report – Includes a full breakdown of client/mandate specific costs, charges, and performance, for each mandate included in a
portfolio.
Trustees like these reports as they can easily compare the costs for each mandate and manager in the same format.CTS Value for Money Reports – Are generated for each mandate, they include mandate specific on-going charges and performance delivered by a manager, benchmarked against median values for each investment strategy at a comparable portfolio size, ensuring like for like comparison.
CTS Process for Asset Managers
CTS Data Team emails each asset manager and requests the completion of CTS Templates for each fund/mandate.
The email request includes: client and fund/mandate details, the templates to be completed and the due date for delivery.
The request will also include a ‘Letter of Authority’ from the asset owner, which authorises ClearGlass Ireland to collect cost and charges information on their
behalf.
The asset manager must acknowledge receipt of the request.The ClearGlass Data Team is very experienced in helping asset managers to complete the the CTS Templates, having worked with over 550 asset managers
to complete over 30,000 CTI Templates in the UK.
If you require assistance then please contact them via email - assetmanager@clearglass.com.The asset manager submits the templates by the designated due date, either via the ClearGlass portal or via email.
ClearGlass Ireland processes, reviews, and verifies, all CTS Templates received.
ClearGlass Ireland highlights any errors or data issues with the asset manager so that they can be rectified before delivery of the report to the asset owner.
Asset owners expect the data to be delivered in a timely manner.
Assistance at any stage of the process can be obtained by emailing assetmanager@clearglass.com.
The CTS Information Centre now provides access to all information resources including the prescribed CTS Templates.
CTS Information Resources
Contact us on info@vfm.ie