Castle Rock Innovations, LLC Leads the Way with Its AXIS Retirement Analytics Platform as the industry Leading Plan Level Aggregation Engine with Real-Time Benchmarking

Share Article

With over 70+ record keeping companies now implemented, the AXIS Retirement Analytics Platform becomes the clear choice for Broker Dealer, Record Keepers, Banks, TPAs, RIAs and large insurance companies to support the new regulatory fee disclosure reporting requirements in a secure and cost-efficient way.

AXIS Retirement Analytics

Axis Logo

Establishment of the connection to the leading record keeping companies allows us to go from contract to full onboarding in less than 4 weeks.

Castle Rock Innovations (CRI), a leading provider of technology-based solutions for the retirement industry, announced today its successful aggregation of over 70+ record keeping and product providing companies to allow its customers a complete, turnkey compliance and benchmarking solution driven with real-time data intelligence. Castle Rock Innovations is implementing over 5+ clients a week on the AXIS Retirement Analytics Platform™, and estimates these numbers to rise significantly as more of the industry looks to standardize their compliance, benchmarking and reporting processes necessary for regulatory compliance with 408(b)(2) and more.

AXIS is a SAAS-based platform that enables Banks, Trust, Broker Dealers, Product Manufactures, Record Keepers and TPAs to support the new regulatory fee disclosure reporting requirements in a secure and cost-efficient way. The AXIS platform provides complete insight across plans with a single portfolio view to mitigate risks and enable fiduciaries to handle the ongoing daily tasks of monitoring and reporting fees to plans efficiently and effectively.

Khash Sarrafi, Managing Partner of Castle Rock Innovations, LLC, said "Our focus has always been to assist the industry in having a Single Source of Truth. Our clients, which range from Broker Dealer, Record Keepers, Banks, TPAs, RIAs and large insurance companies are setting the standard with AXIS as their platform of choice for both compliance and plan intelligence.”

Sarrafi also noted “When building the AXIS platform we focused our efforts in its ability to collect and transform data into single data repository, and to provide an interface for managing, collecting and reporting plan level fees from many system sources. Our second focus was to build the data processing engine necessary to track changes to fees and the work flow processes to report them efficiently based upon the 60 day reporting rule. We are automating the process so our clients can focus on growing their business and not the intensive process of managing data."

Michael Marr, Managing Partner, and Head of the Product Development group, adds, “Establishment of the connection to the leading record keeping companies allows us to go from contract to full onboarding in less than 4 weeks. We have a proven repeatable process for our clients and provide detail step by step checklist to onboard the client.”

AXIS Retirement is designed to service all retirement plan types through a single web-based interface and data repository. The AXIS platform can interface with any system of record supporting retirement plan data feeds, and provides features to edit and generate reports for filings, report plan expenses, plus a comprehensive toolset that allow retirement plan managers and fiduciaries to view their business across multiple recordkeeping platforms. AXIS provides pre-built legal documentation by leading ERISA attorneys or client’s custom disclosures to ensure compliance.

Castle Rock Innovations will be showcasing its industry leading solution at CFDD 2013 on October 7-9, 2013 (Monday-Wednesday) at the Grand Hyatt River Walk in San Antonio, TX. If you are attending the conference please stop by Booth #9 for a demo and more information on new features and enhancements in real time Benchmarking Module, Audit and integration using single sign on access.

About Castle Rock Innovations, LLC
Castle Rock Innovations is a state of the art enterprise technology services organization that utilizes technical expertise and business knowledge to create value for our clients with focus on Financial Services, Capital Markets and Insurance Industry. CRI is a privately owned and operated corporation with headquarter in Chicago Illinois and offices in CA, CT, NY, NJ, MA, FL and TX. CRI has been recognized in Inc500 as one of the fasted growing private companies. http://www.axisretirement.com

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Khash Sarrafi
Follow us on
Visit website