Client Success, Solutions & Accomplishments.

The following projects are examples of the accomplishments of Investment Conversions & Consulting, Inc. within the financial services and investment management industries:

• Retained by a third party marketer to undertake a series of engagements to support its broker/dealer operation. Initial project involved specifications, development, and implementation of a telemarketing unit to support teleservicing, inbound/outbound, and related sales activities. Lead engagement manager for the development and rollout of an international syndicated investment management program. The resulting affinity program which was the first of its kind was uniquely tailored to superregional banking institutions throughout the United States.
• Directed development, specification, technical design, rollout, and implementation of a specialized retail investment program for a world class insurance company. The unique characteristics of the program required a detailed technical evaluation of vendor hardware/software configurations and support options. The assignment included a detailed financial feasibility analysis comparing conventional, master feeder and hub and spoke distribution conventions. Served as technical advisor in the selection of record keeping, investment accounting, custodial, and related support activities of IT vendors and in the ultimate development of an off shore processing facility.
• Conducted a detailed pricing analysis as the basis for a major repositioning of an institutional investment program tailored to the qualified plan market.
• Managed the evaluation, selection, and conversion of an inventory control, fulfillment, and distribution activity for an investment management unit of a major insurance company. Lead manager and primary liaison between IT personnel, operating management and vendor/support groups. Engagement lead to the replacement of several providers resulting in first year cost savings in excess of $1 million.
• Appointed by the FDIC as an advisor to a failing state banking institution. Engagement involved recapitalization and restructuring of the entire bank ultimately increasing its value by a factor of ten times book and facilitating an orderly disposition of residual assets.
• Served as engagement manager of a team that built a $1.7 billion processing company from its inception.
• Conceived, developed and implemented an interstate diversification strategy for a southeastern regional retail lending program.
• Conducted national research, analysis and formulation of U.S. mortgage market entry strategy for a major foreign banking institution. Engagement was the basis for $10 million rollout including broadcast advertising, direct, call center and in-bound/out-bound telemarketing support.

Managed the business process review and reengineering of controller's group for a major housing finance agency. Requirements included the technical review, testing and evaluation of platform applications in treasury, investments, general ledger and sub accounting functions. Multiphase engagement resulted in the upgrade of application specific functions as well as interfaces and database engines in support of the agency's finance function. Client realized functional cost savings in excess of one half million dollars within a ninety day period.

Evaluated, selected, and installed decision support and data mining system in a $2 billion financial institution, ultimately converting 197,000 accounts and 87,000 households. Annual cost reduction exceeded $100,000 in direct mail expense. Payback realized within seven months.

The following projects are examples of the accomplishments of Investment Conversions & Consulting, Inc. in the area of Investment Systems Implementations.

• Completed a conversion of approximately $25 Billion in assets for a client that was merging two PAM® investment Accounting Systems. Performed this service for both the general account and the separate accounts (mutual funds) for the client. Each conversion was completed within 120 days.
• Completed a conversion of an in-house, home grown investment accounting system to two different systems (one in Canada and on in the US). Total assets converted were in excess of $20 Billion, and the general account and separate account (mutual funds) were completed within 120 days.
• Performed many critical functions in the successful implementation of the MAXIMIS® investment accounting system as the production investment accounting system for 5 large insurance companies. These projects were typically 18 months long and involved several people from ICC and as many as 50 people from the client.
• Assisted with the Implementation of a new investment accounting system, using the CAMRA® software for a client with over $40 Billion in assets.
• Completed the data conversion and data cleanup as an outsourcing project for an insurance company with $60 Billion in assets. Provided the key resources for the parallel input to the old system and the new system.
• Acted as an advisor to many other parts of the project and as a liaison to the user community. Conducted training of the user areas and helped develop the workflows and procedures.
• Completed the production input to the new system for the first three months of operation for an insurance company with $60 Billion in assets. Performed substantial training and data cleanup while year-end reporting was being completed for the old system by the in-house staff.
• Defined and tested dozens of reports and assisted both the users and the systems people to complete them and get them signed off. Also created two bank custodian interfaces quickly from PC data in order to streamline the parallel. Acted as the project manager to implement a new release in time for the first year-end under the new system.
• Served as the project manager and provided several consultants to test a vendor's new software release and managed its migration to production for the client.

Acted as a special assistant to an in-house project manager at an insurance company with $20 Billion in assets to implement the IMIS system as well as the MAXIMIS® system. Main areas of responsibility and focus were: Migration of the data from the old system to the new system, reconciliation and financial impact, overseeing the parallel input to both systems and management communication.

Assisted an insurance company with $7 Billion in assets with post production cleanup and stabilization of the production investment accounting system. Trained users in workflows and procedures as well as creating numerous audit and control reports.

Assisted with planning for a conversion to a new investment accounting system and special questions from system people for an insurance company with $60 Billion in assets