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FactSet Compliance Suite from FactSet
Automates compliance monitoring, reporting, and regulatory filings. Offers customizable solutions to fit the specific needs of fund managers and includes extensive data analytics.
Product analysis by function
Regulatory Compliance Tools for Fund Management
Solutions for managing SEC filings, KYC/AML requirements, GDPR compliance, and other regulatory obligations specific to investment firms.
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Regulatory Reporting
(9 Yes /9 Known /12 Possible features)
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Form ADV Filing Ability to prepare and file Form ADV with the SEC for investment advisers. |
Marketing and documentation state ability to manage and automate regulatory filings, including Form ADV. | |
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Form PF Support Capability to complete and submit Form PF for private fund advisers. |
FactSet Compliance Suite supports Form PF for private fund advisers, per product brochure. | |
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Form D Filing Support for filing Form D notices for exempt offerings. |
Support for Form D notices is mentioned in coverage of exempt offerings. | |
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Blue Sky Filing Functionality to handle state-level securities filings. |
Product provides functionality for Blue Sky (state-level) filings. | |
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AIFMD Reporting Support for Alternative Investment Fund Managers Directive reporting for EU compliance. |
FactSet advertises support for both US and EU regulatory frameworks, including AIFMD. | |
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Regulatory Filing Frequency Number of regulatory filing types supported by the system. |
No information available | |
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Cross-Border Reporting Ability to handle reporting requirements across multiple jurisdictions. |
FactSet advertises cross-jurisdiction regulatory solutions. | |
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Report Template Library Availability of pre-built templates for common regulatory reports. |
No information available | |
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Automatic Deadline Tracking System monitors and alerts users to upcoming regulatory filing deadlines. |
The system includes regulatory deadline tracking and automated reminders. | |
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Historical Filing Repository Storage capacity for past regulatory filings for reference and audit purposes. |
undefined FactSet offers long-term digital record retention for audit and reference purposes. |
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Filing Error Validation Pre-submission checks to identify potential errors in regulatory filings. |
Pre-submission checks/validation are part of regulatory workflow per documentation. | |
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Regulatory Update Frequency How often the system updates to reflect regulatory changes. |
No information available |
Investor Due Diligence
(10 Yes /10 Known /12 Possible features)
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KYC Workflow Structured process for Know Your Customer verification of investors. |
FactSet Compliance Suite has embedded KYC verification modules for onboarding. | |
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AML Screening Anti-Money Laundering checks against watchlists and sanctions databases. |
AML screening is a standard, automated part of the onboarding workflow. | |
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Accredited Investor Verification Tools to verify and document investor accreditation status. |
Investor accreditation status checks disclaimed as part of onboarding per website and datasheets. | |
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Investor Risk Scoring System for assigning risk levels to investors based on due diligence findings. |
FactSet assigns risk ratings to investors based on due diligence findings. | |
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Beneficial Ownership Tracking Ability to identify and document ultimate beneficial owners of entity investors. |
Provides beneficial ownership reporting capability per product literature. | |
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FATCA/CRS Compliance Support for Foreign Account Tax Compliance Act and Common Reporting Standard requirements. |
FactSet Compliance Suite includes support for FATCA and CRS compliance. | |
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Digital ID Verification Electronic verification of identity documents and information. |
Supports electronic (digital) identity verification in onboarding. | |
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Document Collection Portal Secure interface for investors to submit required documentation. |
Provides a secure online portal for investor document submission. | |
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Verification Processing Time Average time to complete verification processes for new investors. |
No information available | |
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Periodic Re-verification Automated process to prompt and track ongoing investor re-verification requirements. |
Automated periodic re-verification processes are part of investor due diligence cycles. | |
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Watchlist Database Coverage Number of sanctions and PEP lists covered in screening processes. |
No information available | |
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Enhanced Due Diligence Workflow Specialized process for high-risk investors requiring additional scrutiny. |
Product supports enhanced due diligence processes for high-risk investors. |
Compliance Management
(11 Yes /11 Known /13 Possible features)
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Compliance Calendar Tool to track regulatory deadlines, reporting requirements, and compliance tasks. |
There is a compliance calendar to track deadlines, filings, and tasks. | |
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Policy Management Repository for compliance policies with version control and distribution features. |
Compliance and regulatory policy documentation is stored with version control. | |
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Code of Ethics Management System to track and manage employee code of ethics compliance, including personal trading. |
Manages codes of ethics and associated personal trading tracking. | |
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Regulatory Exam Support Tools to prepare for and respond to regulatory examinations. |
Regulatory examination preparation and findings workflow modules included. | |
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Compliance Testing Framework for conducting periodic tests of compliance controls. |
Periodic compliance testing modules exist for controls review. | |
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Risk Assessment Tools Features to identify, assess, and document compliance risks. |
Risk identification and assessment tools are part of FactSet's solution set. | |
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Conflicts of Interest Management System to identify, document, and manage potential conflicts of interest. |
System includes conflict-of-interest identification and disclosures workflow. | |
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Expert Network Tracking Tools to monitor and document expert network consultations for insider trading prevention. |
FactSet supports expert network tracking with logs for compliance. | |
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Political Contribution Tracking System to monitor and approve employee political contributions for pay-to-play compliance. |
Tracks and documents political contributions for regulatory compliance. | |
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Regulatory Alert System Notification system for relevant regulatory changes and updates. |
Includes real-time regulatory alerting for material changes. | |
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Compliance Training Management Platform for delivering and tracking completion of compliance training. |
Compliance training module for policy distribution and completion tracking. | |
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Policy Attestation Rate Percentage of staff who have completed required policy attestations on time. |
No information available | |
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Regulatory Update Coverage Number of regulatory jurisdictions monitored for compliance updates. |
No information available |
Fund Documentation
(8 Yes /8 Known /13 Possible features)
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Document Generation Ability to create fund documents from templates with automated data population. |
Automated document generation for fund documentation is part of core suite. | |
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Subscription Document Processing System for distributing, collecting, and processing investor subscription agreements. |
Subscription document/agreements processing and workflow available. | |
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Electronic Signature Integration Support for digital signature collection on fund documents. |
Integrates with e-signature platforms for fund documentation. | |
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Side Letter Management Tools to track and manage individual investor side letter terms and obligations. |
Can track/manage investor side letters as part of document workflows. | |
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Document Version Control System to maintain document versions and track changes over time. |
Document version control is standard for all compliance and fund docs. | |
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Investor Portal Secure platform for investors to access fund documents and information. |
Investor portal capabilities mentioned for doc access and communication. | |
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Distribution Waterfall Documentation Tools to document and explain distribution calculations and waterfalls. |
No information available | |
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Limited Partner Advisory Committee (LPAC) Management Features for organizing LPAC meetings, voting, and documentation. |
No information available | |
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Fund Marketing Material Review Workflow for compliance review and approval of marketing materials. |
Product marketing says FactSet supports compliance marketing review workflows. | |
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Document Storage Capacity Amount of document storage provided by the system. |
No information available | |
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Document Template Library Size Number of pre-built templates available for fund documentation. |
No information available | |
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Multi-language Support Number of languages supported for document generation. |
undefined Multi-language support shown in product internationalization options. |
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Document Processing Time Average time to process subscription documents from receipt to acceptance. |
No information available |
Investment Compliance
(10 Yes /10 Known /12 Possible features)
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Investment Guideline Monitoring System to track compliance with fund investment guidelines and restrictions. |
Investment guideline monitoring is a key advertised use-case. | |
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Pre-trade Compliance Checks Ability to screen potential investments for compliance issues before execution. |
System performs pre-trade compliance checks per official documentation. | |
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Post-trade Compliance Analysis Tools to monitor portfolio compliance after trades are executed. |
Includes post-trade compliance analysis and breach review. | |
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Concentration Limit Monitoring Tracking of investment concentration against defined thresholds. |
Concentration limits and restriction monitoring are part of the compliance suite. | |
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Prohibited Transaction Screening Checks to prevent investments in restricted companies or industries. |
Prohibited/restricted transactions are monitored automatically. | |
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ESG Screening Tools to assess investments against environmental, social, and governance criteria. |
ESG screening/checks available in investment compliance modules. | |
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LP Investment Restriction Tracking System to monitor compliance with investor-specific investment restrictions. |
Tracks investor-specific restrictions on investments. | |
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Regulatory Investment Limits Monitoring of compliance with regulatory investment thresholds and reporting requirements. |
Monitors regulatory investment limits for funds. | |
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Cross-Fund Investment Tracking Tools to manage compliance for investments across multiple related funds. |
Cross-fund investment compliance capabilities listed. | |
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Rule Processing Speed Time taken to evaluate an investment against all applicable compliance rules. |
No information available | |
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Compliance Rule Library Number of pre-built compliance rules available in the system. |
No information available | |
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Custom Rule Creation Ability to create custom compliance rules specific to fund requirements. |
Users can create custom compliance rules as per documentation. |
Data Management & Security
(11 Yes /11 Known /14 Possible features)
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Data Encryption Methods used to encrypt sensitive data at rest and in transit. |
Encryption for data at rest/in transit (AES) detailed in security documentation. | |
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Access Control Management System for defining and enforcing user access privileges to sensitive information. |
Role-based user access for compliance and security per documentation. | |
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Data Retention Policies Tools to implement and enforce data retention and destruction schedules. |
Product allows for configuration of data retention and destruction. | |
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GDPR Compliance Features supporting compliance with General Data Protection Regulation requirements. |
GDPR compliance is specifically cited in FactSet security and privacy policies. | |
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CCPA Compliance Features supporting compliance with California Consumer Privacy Act requirements. |
FactSet provides CCPA support. | |
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Audit Trail Logging Comprehensive tracking of user activities and system changes. |
System logs all user/system activity for audits. | |
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Data Breach Response Protocols and tools for responding to potential data security incidents. |
Data breach response protocols described in documentation. | |
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Information Barriers Systems to create and enforce ethical walls between different investment teams. |
Segmented information barriers supported for multi-fund compliance. | |
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Two-Factor Authentication Enhanced security requiring two methods of identity verification. |
Two-factor authentication is supported (see product security documentation). | |
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Data Classification System Framework for categorizing data based on sensitivity and regulatory requirements. |
No information available | |
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Security Certification Level Industry security certifications achieved (e.g., SOC 2, ISO 27001). |
Holds major security certifications (SOC 2, ISO 27001). | |
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Backup Frequency How often system data is backed up for disaster recovery purposes. |
No information available | |
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System Uptime Guarantee Percentage of time the system is guaranteed to be operational. |
undefined Advertised as highly available (system uptime guarantee of 99.9% based on SLA info). |
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Security Testing Frequency How often security penetration tests are conducted on the system. |
No information available |
Financial Reporting & Tax Compliance
(10 Yes /10 Known /13 Possible features)
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NAV Calculation Tools for calculating and validating fund Net Asset Value. |
FactSet automates NAV calculations as part of their fund compliance suite. | |
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Capital Account Statements Generation of investor capital account statements. |
Capital account statements can be generated for investors. | |
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Schedule K-1 Preparation Support for preparing and distributing Schedule K-1 tax documents to investors. |
Integration for K-1 schedule generation and processing reported. | |
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FATCA/CRS Reporting Tools for tax information reporting under FATCA and Common Reporting Standard. |
Provides tools/reports for FATCA and CRS tax reporting. | |
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Investor Tax Document Portal Secure platform for investors to access tax documents. |
Investor tax documentation is accessible via investor portal. | |
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Carried Interest Calculations System for calculating and tracking carried interest allocations. |
Carried interest allocation and tracking tools part of suite. | |
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Management Fee Compliance Tools to ensure management fee calculations comply with fund documents. |
Management fee compliance and calculation are supported. | |
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GAAP/IFRS Compliance Support for preparing financial statements in accordance with accounting standards. |
Supports GAAP/IFRS-based financial statement generation. | |
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Expense Allocation Tracking System for allocating expenses across funds and tracking against budgets. |
Expense allocation systems available. | |
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Audit Support Package Tools to generate required documentation for annual financial audits. |
Audit support/documentation export available. | |
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Waterfall Calculation Complexity Level of complexity supported in distribution waterfall calculations. |
No information available | |
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Financial Statement Generation Time Time required to generate comprehensive financial statements. |
No information available | |
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Tax Jurisdiction Coverage Number of tax jurisdictions supported for reporting purposes. |
No information available |
Integration Capabilities
(10 Yes /10 Known /13 Possible features)
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API Availability Presence of application programming interfaces for system integration. |
API documentation and developer portal suggest robust integration options. | |
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Fund Administrator Integration Pre-built connections to common fund administration platforms. |
Integrates with main fund admin providers. | |
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Banking System Integration Ability to connect with banking platforms for capital movements. |
Can connect with banking systems for capital flows. | |
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CRM System Integration Connectivity with customer relationship management systems. |
CRM system integration is referenced for client tracking. | |
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Portfolio Management System Integration Links to investment portfolio tracking and management systems. |
Portfolio management system links are available. | |
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Document Management System Integration Connections to enterprise document management systems. |
FactSet supports document management system integrations. | |
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Email System Integration Ability to connect with email platforms for notifications and communications. |
Supports e-mail platform integration for notifications. | |
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Data Warehouse Integration Capability to feed data to enterprise data warehouses or analytics platforms. |
Supports integrations to data warehouses/analytics tools. | |
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Electronic Signature Platform Integration Connections to digital signature services. |
Integrates with common e-signature providers. | |
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Regulatory Database Integration Links to regulatory information sources and filing systems. |
Regulatory database/filing integrations are supported. | |
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Number of Pre-built Integrations Total number of ready-to-use integrations available. |
No information available | |
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API Response Time Average response time for API calls. |
No information available | |
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Data Synchronization Frequency How often data is synchronized between integrated systems. |
No information available |
Usability & Implementation
(8 Yes /8 Known /13 Possible features)
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Cloud Deployment Option Availability of cloud-based deployment option. |
FactSet is primarily cloud-based; cloud deployment option offered. | |
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On-Premises Deployment Option Availability of on-site deployment option. |
No information available | |
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Mobile Accessibility Ability to access and use the system via mobile devices. |
Product is accessible and functional on mobile devices. | |
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User Role Customization Ability to define custom user roles with specific permissions. |
User roles/permissions are customizable. | |
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Workflow Customization Capability to create custom approval and review processes. |
Workflow engines are customizable for review/approval. | |
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Multi-Fund Support Ability to manage multiple funds within a single instance. |
Supports management of multiple funds from a single instance. | |
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White Labeling Options Capability to customize the system appearance with firm branding. |
No information available | |
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Training Resources Availability of user training materials and programs. |
Extensive training and onboarding materials provided. | |
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Implementation Timeframe Typical time required for system implementation and launch. |
No information available | |
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Support Response Time Average time for customer support to respond to issues. |
No information available | |
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User Interface Customization Degree to which user interfaces can be customized for specific needs. |
Documentation describes customizable user interface elements. | |
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Concurrent User Capacity Maximum number of users who can use the system simultaneously. |
No information available | |
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Reporting Customization Ability to create and modify custom reports. |
Custom report builder and reporting dashboards available. |
Analytics & Risk Management
(9 Yes /9 Known /13 Possible features)
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Risk Dashboard Visual representation of key risk metrics and indicators. |
Dashboard includes visualizations for risk metrics and compliance KPIs. | |
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Compliance Violation Alerts Real-time notification system for compliance breaches. |
Compliance violation alerts issued in real time. | |
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Historical Trend Analysis Tools to analyze compliance data over time to identify patterns. |
Historical compliance trend analytics modules included. | |
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Regulatory Exam Analytics Analysis of past regulatory examination findings and outcomes. |
Regulatory exam analytics and remediation workflows available. | |
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Peer Benchmarking Comparison of compliance program effectiveness against industry peers. |
No information available | |
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Investor Risk Analytics Analysis of investor-related compliance risks and concerns. |
Investor risk analytics are available and configurable. | |
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Portfolio Compliance Analytics Analysis of investment compliance patterns and trends. |
Portfolio compliance analytics dashboards included. | |
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Vendor Risk Management Tools to assess and monitor compliance risks from service providers. |
Includes vendor/third-party compliance risk tools. | |
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Operational Risk Monitoring Tracking of operational process compliance and failures. |
Operational process risk monitoring and alerts present. | |
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Personal Trading Analytics Analysis of employee trading patterns for potential conflicts. |
Personal trading analytics provided for code of ethics compliance. | |
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Report Generation Speed Time required to generate complex analytical reports. |
No information available | |
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Data Visualization Options Number of different visualization types available for analytics. |
No information available | |
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Maximum Data History Length of historical data maintained for trend analysis. |
No information available |
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