Scott Eivins

In 2011, ALPS Advisors Inc (AAI) decided to not renew a sub adviser agreement with Arrow Investments to manage the day to day operations of their products and bring the Portfolio Management, Trading and Operations in house. I was hired in June of 2011 to establish the trading and operational environments. Went live on July 1, 2011 managing 7 ETF’s and 5 Mutual Funds with AUM of 4.3 Billion dollars.

• Responsibilities included the procurement, setup and day to day operations of the Trading system(s). AAI began operations on the OMS Line Data. Over the course of my tenure, we moved to Charles River Development (2015) and then to SS&C Eze (2022)
• Directed 75% of all executed trades on the trading desk - domestic and foreign coverage.
• Setup all Broker agreements and established FIX connections with each
• Trades were executed with compliance approved brokers (20+), in 28 countries/currencies and handled the corresponding FX executions
• Department grew to manage 28 ETF offerings and 9 Mutual Funds AUM of $16 billion at it's peak.
• Department averaged trading between $12-$14 billion annually
• Handled the implementation of all legal and vendor related agreements for the Advisor. Worked closely with legal and the procurement teams to effectively complete and finalized with appropriate authorized signers.
• ALPS Advisors is the sub advisor in numerous ETF and Mutual Fund offerings - both active and passive management. Day to day support is provided in these relationships, to include corporate action notifications, cash management, manage custodial issues and handle any product rebalance requests
• Managed all of the day to day trade Settlement operations. Worked directly with the custodians and agency brokers to resolve all outstanding settlement issues. Domestic and foreign securities.
• Initially utilized DTCC CTM products for the matching of foreign trades and DTC for domestic trades. In process of replacing DTCC products by outsourcing the operations to SS&C Eze MOTO.

• Directed the creation of the SMA (Separately Managed Accounts) business unit from scope to production. Worked with legal, sales and marketing to determine the business requirements to effectively identify infrastructural needs. Designated SME (subject matter expert) for SMA business related matters
• Hired a third party (Citigroup) to manage the technology, administrative and operations for the team - left he team to focus on Trading and asset management which allowed us to control head count.
• The SMA team managed a business that went from zero to 8,000 accounts, with assets under management that reached $2.1 billion within the first four years
• Developed systems, workflows and created policies and procedures that effectively managed some of the inherent operational and trading risks associated with the business
• Worked with sales, marketing and legal to negotiate all potential new sponsor contractual agreements. 18 new Sponsors agreements were executed to completion within the first three years of business, creating 40 new product offerings on sponsor platforms
• Managed the overall day to day relationship and oversight of the of the third party vendor. Worked closely with the vendors management team to create and integrate business processes and policies and procedures that reduced the risks associated in cross functional teams
• Point of contact to the RIA community as it related to trading or operational scenarios.

• Managed all trading operations for trades executed on behalf of retail, institutional and private account clients. Equity, Fixed Income and Money Markets.
• Supervised 12 series 7 licensed professionals. Over saw the trade operations for assets under management that reached $340 billion dollars at the peak
• Managed the procurement and the day to day operational functionality of all systems and interfaces that were trade function related and that were utilized by the traders and trade operations personnel
• Created effective and efficient policies and procedures. Department maintained a 99.4% accuracy rate while greatly reducing the monetary losses to the firm as a result of trade errors.
• Created and owned the departments BCP. Established a secondary business site equipped with all of the systems and tools necessary to effectively communicate and to continue trading in the event of a disaster. The site was utilized on two occasions with great success.
• Responsible for overseeing all ‘extra ordinary’ transactions that were the result of legal, compliance or trade error issues
• Provided oversight and management of the firms trading ‘error account’.