I have invested many months in an attempt to make the production of quarterly reports much more of a turn-key process in my firm. I am happy to say that by lunchtime on April 2nd, I finished all the quarterly reports and associated workpapers that will be provided to the planners and, ultimately, to our clients. (Update, April 3: Well, I discovered errors within the reports, but they are due to a custom plugin to our Portfolio Management Software, dbCAMS. So for all intents and purposes, they are done, but I’ve had to go through additional steps to circumvent the plugin errors.)
This all started when I was first interviewing with the firm. Part of the negotiation process included a provision that I was not able to take vacation during the first two weeks of the month that followed the end of a quarter. The quarterly production cycle and associated work with fee calculations generated a lot of work and anxiety. Therefore, the owners requested that the Operations Manager be present in the office while this work was completed.
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