Castine Consulting

Castine Consulting, developed by Castine LLC, is a suite of solutions aimed at delivering performance and efficiency to broker dealers, research providers, asset managers, and hedge funds. According to the vendor, Castine Consulting offers a range of tools and features to optimize commission management, compensation, client profitability, document management, compliance, trade reporting, budgeting, and vendor management. It is designed to cater to the needs of professionals in the financial industry.

Key Features

Commissioner: According to the vendor, Commissioner is a performance and compensation system that provides institutional and retail brokers with tools to view key performance metrics, track compensation rules, tiers, hurdles, and overrides. It also includes features for expense, draw, and employee loan offsets, along with a portal for employees to view their compensation.

Asset Manager Toolkit: The vendor claims that the Asset Manager Toolkit is a leading solution that offers an integrated set of tools to address specific issues. It provides reporting capabilities across all OMS platforms, asset classes, and venues. Users have the option to pay for research out of profit and loss (P&L) or with commissions. The toolkit also includes features for aggregation, budgeting, votes, and compliance management.

Castine Virtual (CV): According to the vendor, Castine Virtual (CV) is a centralized CSA (soft dollar) trade reconciliation and payment processing system designed for asset managers and brokers. It eliminates the need to share trade or research provider information with another broker, ensuring data privacy and security.

Broker Dealers and Research Providers: The vendor states that Castine Consulting offers industry-leading solutions tailored specifically for broker dealers and research providers. These solutions cover commission management, compensation, client profitability, document management, and compliance, enabling professionals in these fields to optimize their operations.

Asset Managers and Hedge Funds: According to the vendor, Castine Consulting provides a comprehensive suite of solutions designed to meet the unique needs of asset managers and hedge funds. These solutions include multi-asset class trade reporting, commission management, compliance, budgeting and payment, and vendor management. The vendor claims that these tools can streamline processes and effectively manage portfolios.