Mackie Research Capital chooses Univeris API for its Investment Rate of Return (IRR) Reporting

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Advanced algorithm enables fast and accurate reporting across complex data sets

IRR API

IRR Calculation

Our IRR API and the other tools in our univeris.io, offer a set of micro-services designed to enable any financial services firm to meet and/or exceed their performance reporting requirements for both regulatory and ad-hoc needs.

Univeris Corporation is excited to welcome Mackie Research Capital to the growing community of wealth managers leveraging its catalog of WealthTech APIs. With regulatory demands and client service-level expectations on the rise, the ability to report a series of calculated return values for multiple time periods -- month, quarter, year, calendar year, multiple years and from inception – leveraging this technology will enhance the firm's ability to be both compliant and client-focused today and for years to come.

According to Richard Binnendyk, Executive Vice President, Enterprise Wealth Management: "Our IRR API and the other tools in our univeris.io, offer a set of micro-services designed to enable any financial services firm to meet and/or exceed their performance reporting requirements for both regulatory and ad-hoc needs."

The Univeris IRR API enables real-time calculations for individual investments as well as the ability to aggregate by investment, by account, by investment types, or just about any given attributes. It provides a fast and accurate means of applying consistent and accurate IRR calculations across lines of business to reduce complexity and mitigate the inconsistencies caused by varying approaches and business rules. Using the generally accepted methodology of IRR to provide a money-weighted rate of return that reflects the investor experience, the IRR API accepts opening and closing values and cash flows to produce return values for any combination of positions and time periods.

“It is important to our advisors and portfolio managers that the IRR methodology adopted by our regulators for annual performance reports be available throughout the year. Now with the Univeris IRR API, we can easily and confidently give personalized rate of return calculations to our over 30,000 investors for any time period”, said Geoff Whitlam, President of Mackie Research Capital.

A diverse range of financial services firms have realized significant value from the Univeris IRR API, including eliminating the need for a complex IRR calculation engine and its associated development, maintenance and infrastructure costs. Since it's launch in 2016, the Univeris IRR API has been implemented by over 30 financial institutions who together manage more than $165B in assets for over 1.3 million investors. Today the API enables approximately 25 million calculations per year-end statement run and millions more ad-hoc calculations.

About Univeris

Univeris is a leading provider of enterprise retail wealth management software. Univeris offers comprehensive solutions that automate processes, compliance, reporting and many other key aspects required for delivering superior investor services. The unified, digital platform enables investors to manage many types of investment products on one system. You can learn more about Univeris at http://www.univeris.io and http://www.univeris.com

About Mackie Research Capital

Mackie Research Capital Corporation is one of Canada’s largest independent full-service investment firms and traces its roots back to 1921. As a fully integrated national investment dealer it offers a wide complement of wealth management and capital markets services to private clients, institutions and growth companies. Visit them at http://www.mackieresearch.com

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