Corporate Overview – www.correctnet.com
Correctnet provides enterprise collaboration and data management solutions to the financial industry. Since 1996, our staff of technology, consulting, and client services professionals have focused on the unique challenges of the mass-deploying web-based solutions to financial service professionals.
Our unique technology is provided as an outsourced service to over 1,000 asset management firms including prime brokers, fund administrators, investment advisors, hedge funds, mutual funds, private equity, foundations, and endowments. As a result, CorrectNet, Inc is a leader in global data delivery and reporting solutions for asset managers; over $320 billion in assets are serviced with our platform.
InfiPOINTTM- web based reporting solution - Hedge Fund, Fund of Funds, Private Equity Funds
Website development and ASP services – Retail Brokerage, Institutional Brokerage (sell-side)
PartnerLink – Morgan Stanley Prime Broker
Areas of Expertise
Retail and Institutional Wealth Management Advisory Channels
Third Party Hedge Fund Administrators
During career tenure as sales executive, successfully filled the Correctnet sales pipeline with qualified prospects in three distinct vertical market segments; prime brokerage, retail and institutional brokerage, and back office services.
Dealbuilders built the target prospect call list for each Correctnet business segment focus, and made contact with those individuals primarily responsible for managing advisory services, sales, and recruiting for retail brokerage. Sales calls also were made to key executives of prime brokerage who oversaw operations for their clearing and settlement services.
Following the first quarter of engagement, focus of attention primarily turned to hedge fund, third party administrators wherein Dealbuilders called upon the executives and managing directors of back office services and operations for third party administrators domiciled in the US, Bermuda, Grand Caymans, Isle of Mann, Ireland, and Zurich. Dealbuilders successfully positioned Correctnet as a means to providing further transparency to fund activity and tax report data without revealing the priority trading positions of hedge fund managers, or General Partners.
In all cases meetings and conference calls were scheduled and coordinated in conjunction with the appropriate technical Correctnet resources that participated in each meeting scheduled. An individual account plan was developed for each qualified prospect, and regularly scheduled calls were scheduled to discuss and review each of the steps required to close new business for Correctnet. A master prospect report was created and forwarded to Correctnet sales management on a weekly basis.
Over the course of a successful 6-month engagement, Dealbuilders sold into several large and medium sized retail brokerage firms throughout the United States. Prospect companies included LPL Financial, Charles Schwab (institutional), Allmerica Financial, Sun America, Pacific Life, Minnesota Life, Lincoln Financial, Vanguard, Wachovia Investments, and ING Barings Investments.
Dealbuilders also experienced sales success with primer brokers like Morgan Stanley, Neuberger & Berman, Bear Sterns, Goldman Sachs, and ABN AMRO.
As for Third Party Administrators, DB had a hand in successfully selling solutions to PPFC, Bank of Bermuda, SEI Investments. Prospect companies included Spear, Leeds, Kellogg, SS&C.