Posts by: Steve O’Loughlin

Stephen O’Loughlin joined Eagle Investment Systems in 2000 and has more than 16 years of experience in the investment software industry. Prior to joining Eagle, Mr. O’Loughlin held customer support, quality assurance and implementation positions with SunGard Securities Systems and Thomson Financial. Mr. O’Loughlin has performed multiple roles with Eagle including product implementation, business analyst, development management and most recently product management. With extensive experience designing, building, testing and implementing investment accounting software, Mr. O’Loughlin brings a unique business perspective to Eagle’s product management team. Mr. O’Loughlin works closely with industry professionals, sales prospects and current clients to align Eagle’s accounting solution with the needs of the marketplace. Mr. O’Loughlin has a Master of Business Administration from The University of Rhode Island and is affiliated with the CFA Institute and Boston Security Analysts Society.

Real-Time Tax Accounting in Portfolio Management

Steve O’Loughlin, Product Manager, Investment Accounting

In an ideal world having up-to-date tax information for a portfolio, whether it a mutual fund or a taxable retail brokerage account, is desirable for tax planning decision making and planning purposes. However, embedding tax accounting in high volume real-time processing is a daunting challenge. Adding to the challenge, aggregating and storing all tax data in a real-time environment is simply not viable or practical. Therefore, making intelligent decisions about which types of tax data are available for real-time processing is critical and should be evaluated based upon the needs of individual clients.

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Efficient Monthly Reporting Shouldn’t Be Risky Business

Steve O’Loughlin, Product Manager, Investment Accounting

Are you feeling the pressure to shorten monthly reporting timeframes? If you are like many fund companies, you are looking to improve operational efficiencies but face the task of producing timely information without introducing the operational risk of data inaccuracies. For US mutual funds, daily net asset values are calculated on trade date +1 (T+1) and the industry generally accepts that a fund’s portfolio data is not current on any given business day. However, this is not true for monthly, quarterly, semi-annual and annual reporting periods. In month-end reporting, trades that occur on month-end are required to be included in month-end reporting. We’ve seen a wide range of solutions aimed at addressing this issue—from manual workarounds to entire subsystems.

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