Kelmoore Investment Co., which manages $400 million in mutual funds and separate accounts, has moved its performance reporting to CheckFree Investment Services, a division of CheckFree Corp. Kelmoore’s aim is to attract better serve separately managed account sponsors, as 39 of the top 50 sponsor firms and 36 of the top SMA managers use APL.

"Separately managed account managers require excellent performance reporting capabilities in order to demonstrate their success to the sponsor firms they wish to join," said Alex Marasco, CheckFree executive vice president.

"With automated performance reporting, we hope to save time, costs and resources," added Beth Heiman, senior executive vice president at Kelmoore. "We have a quality performance monitor for sponsor program due diligence that also meets AIMR compliance."

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.