Lincoln Financial Group Selects PAM for Investments to Enhance Portfolio Accounting for International Holdings, Sophisticated...
July 24 2013 - 11:04AM
Business Wire
Princeton Financial® Systems, a part of State Street Global
Exchange, today announced that Lincoln Financial Group has signed
on to its PAM ® for Investments solution for their investment
accounting needs. Lincoln Financial is already a PAM for Mortgages
client, and the company chose to expand its partnership by
upgrading its portfolio accounting to handle complex instruments
such as fixed income.
“As a PAM for Mortgages client, we have already experienced
first-hand Princeton’s client service and innovative technology,”
said Brad Jeffrey, assistant vice president, Treasury and
Investment Operations at Lincoln Financial Group. “Their flexible
and dynamic platform, global functionality, and personalized
support contributed to the success of our first implementation. It
also played a key role in our decision to expand the partnership,
and we look forward to the additional support provided by the PAM
for Investments platform.”
PAM for Investments offers horizontal and vertical scalability,
simplified installation, and flexible deployment. With multiple
custom dashboards, users can effectively analyze and manage
exceptions throughout the trading and investment lifecycle. Key
features and benefits include:
- Multi-basis, multi-jurisdictional
reporting accounting: local GAAP, TAX, Stat, Management, IFRS
- Multi-currency based with bifurcation
of FX and Market G/L
- Accounting across all asset classes:
equities, fixed income, derivatives, structured products, options,
futures, swaps, real estate investments, private placements
- Full Net Asset Value (NAV) calculations
for single or multi-class funds
- Integrated GIPS-compliant performance
measurement, attribution and analysis
“We are honored to have earned Lincoln’s confidence and to be
selected again as their technology partner,” said, Chris Farber,
Chief Marketing Officer at Princeton Financial Systems. “Leveraging
decades of experience developing accounting technology solutions,
we are adept at managing implementations for large, complex
organizations managing sophisticated portfolios and look forward to
building on the success of our PAM for Mortgages implementation to
deepen our relationship with Lincoln and help them better serve
their clients.”
About Lincoln Financial Group
Lincoln Financial Group is the marketing name for Lincoln
National Corporation (NYSE:LNC) and its affiliates. With
headquarters in the Philadelphia region, the companies of Lincoln
Financial Group had assets under management of $186 billion as of
March 31, 2013. Through its affiliated companies, Lincoln Financial
Group offers: annuities; life, group life, disability and dental
insurance; employer-sponsored retirement plans; savings plans; and
comprehensive financial planning and advisory services.
For more information, including a copy of our most recent SEC
reports containing our balance sheets, please visit
www.lincolnfinancial.com.
About Princeton Financial Systems
Princeton Financial Systems, a part of State Street
Corporation’s (NYSE: STT) Global Exchange, is a leading provider of
comprehensive, front to back office solutions to several of the top
asset managers, insurance companies, custodians, pension funds, and
banks spanning the world. Princeton’s software solutions provide
clients with the technology and services they need to reduce risk,
improve efficiency, and provide transparency throughout the
investment lifecycle. Whether it’s Princeton’s core investment
accounting solution, compliance monitoring, data management, or
performance measurement, attribution, and risk analysis, more than
430 firms rely on Princeton to meet their investor demands and work
in an increasingly complex regulatory environment. For more
information, please visit www.pfs.com.
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