Socium partners with GRMA on compliance offering
Private credit fund administrator Socium Fund Services has partnered with GRMA to provide a turnkey compliance reporting solution for private funds.
The partnership will allow Socium’s clients to access one platform for all of their regulatory reporting. It will also streamline regulatory workflows for private fund clients, reducing operational complexities and improving accuracy in the reporting process.
“Our new compliance reporting platform powered by GRMA will allow asset managers to have a complete solution that gives them a 360-degree view of their regulatory compliance requirements so they can ensure timely completion and filing of required reports” explained Jason Meklinsky, chief revenue officer at Socium Fund Services.
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“This partnership with GRMA also means that our clients have access to market leading subject matter experts who have advised major regulatory bodies such as the Securities and Exchange Commission, Commodities Futures Trading Commission, and the Financial Conduct Authority.
“We look forward to expanding our service offering to provide clients with a turnkey fund administration solution leveraging best-in-class technology and partners.”
Samuel K Won, founder and managing director of GRMA said that Socium’s deep knowledge and understanding of the data aggregation and reporting challenges that asset managers struggle with today is what sets them apart.
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“We are thrilled to partner with Socium and assist them in their effort to provide their clients with a comprehensive solution,” Won added.
GRMA is a major provider of SaaS-based and outsourced regulatory and compliance reporting to asset management firms and endowments, foundations, pensions, and family offices. The collaboration between Socium and GRMA will combine Socium’s fund administration capabilities with GRMA’s technology and experience in the software as a service space.
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