Memberships
TURN has been built to reduce regulatory costs and risks for firms while delivering improved service to investors.
Asset Managers
Distributors
Asset Managers
About the Asset Managers Membership
Why Asset Managers Should Choose TURN?
- Industry-Driven Creation: TURN isn’t just another tool; it’s a product forged by the industry, for the industry. It resonates with the specific needs and nuances of asset managers, ensuring seamless integration and utilization.
- Inclusive Regulatory Disclosures: From its inception, TURN encapsulates:
- EMT (European MiFID Template): Integrating Consumer Duty.
- EPT (European PRIIPS Template)
- EET (European ESG Template)
- Corporate Actions: TURN’s platform facilitates firms to share consequential corporate actions data with every distributor. It captures essential events with precision, detailing event type and date.
- The TURN Advantage:
- Absolute Transparency: With TURN, clarity is a promise. Asset managers will always be informed about who accesses the data. Additionally, the system operates without any ‘black box’ mechanism, ensuring total transparency.
- Reliable Audit Trail: TURN promises integrity with an auditable system wherein the permanent record stands immutable.
- Operational Strength: Crafted for robustness, TURN pledges uninterrupted and resilient operations, even under pressure.
- Economical Solution: The platform doesn’t just deliver excellence but does so economically. For a large asset manager, the expense is only £17k/ €20k per annum, and with an added perk – it’s free until January 2026!
- Accelerated Integration:
- Zero Infrastructure Hassles: No more fretting over establishing a new operating system. TURN simplifies processes, uploading your CSV or fstp files directly, or channeling them through your existing supplier.
- Swift Onboarding: Time is invaluable. Acknowledging this, TURN ensures that onboarding is expedited, turning a usually months-long procedure into just a few days, given legal compliances.
- Issue Flagging and Resolution:
- Transparent Communication: Any issues raised are instantly visible to all distributors. Once resolved, the status gets updated, obliterating the tedious task of tracking down each distributor for updates.
- Upcoming Features:
- Fund Standing Data: An enriched database to amplify financial strategies.
- Fund Dynamic Data: Adaptive data to align with the ever-evolving market trends.
- Solvency 2 (TPT): Ensuring adherence to the latest financial standards.
Distributors
About the Distribution Membership
Why Distributors Should Opt for TURN?
- The TURN Ultimate Solution:
- Clarity at its Best: With TURN, distributors can be confident they have the latest version of any document or data.
- No Hidden Mechanisms: TURN operates with utmost transparency, eliminating any ‘black box’ scenarios.
- Historical Access: For those moments when you need to trace back decisions or data changes, TURN provides a clear track back through history.
- Integrity in Record-Keeping: With a system where the permanent record remains unchanged, TURN offers an auditable trail, ensuring that data once entered remains sacrosanct.
- Operational Robustness: Crafted for resilience, TURN ensures consistent and dependable operations, no matter the demand.
- Transparent Communication:
- Simplified Issue Tracking: Any issues that arise are instantly visible to the asset manager and all distributors. The status of resolution is transparent, doing away with the need for perpetual back-and-forths with asset managers.
- Speedy Implementation:
- Effortless Additions: Whether it’s a new asset manager, a novel fund, or a different class, TURN streamlines the integration process.
- Seamless Downloads: There’s no need to establish a new procedure to access the files you require. TURN ensures everything you need is readily available.
- Prompt Onboarding: Recognizing the importance of time, TURN accelerates the onboarding process, compressing what typically takes months into just a few days, once legalities are sorted.
- Economical Offering:
- Consensus-Driven Pricing: Ensuring fairness and feasibility, the tariff is set in collaboration with and endorsed by major distributors. TURN ensures value for every penny spent.
By joining the TURN community, distributors are not just integrating a tool; they’re aligning with a platform that revolutionises transparency, efficiency, and collaboration in the industry. Embrace TURN and redefine the way you interact with asset managers and data.
If you are interested in joining the network, book a session with one of our network representatives.
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