Concept twins
conceptSame tool, different weight
Client Reporting — two sectors, one word
Producing a document that explains performance. Same verb, different reader and different regulator.
Wealth management
One household, plain language
Goal progress, holdings and fees, written for a person who is not a professional investor.
Quarterly statementGoal progress review
Asset management
Many investors, technical and regulated
Factsheets, attribution, GIPS composites and regulatory disclosures, in multiple languages, on fixed deadlines.
Monthly factsheetMandate attribution report
What surprises people
Asset-side reporting is closer to regulatory production than to client communication.