While Maitland seeks in all instances to tailor its services so as
to best meet individual client requirements the following principles
are of general application:
The client retains full ownership of all core
business functions such as the investment management process and
client service. The Maitland systems
and application architecture have been purpose developed for the
provision of services on a remote basis and clients have direct
access to all systems required to undertake business functions.
Services are offered in terms of comprehensive
service level agreements, which clearly establish the roles and
responsibilities of both Maitland
and the client.
Maitland provides
comprehensive guarantees of timeous and accurate performance and
contracts to restitute the position of the client and/or underlying
investor in the event that a service failure results in financial
loss. This guarantee is backed by substantial professional indemnity
cover and not limited by Maitland’s
financial resources.
Maitland service
offerings are all fully inclusive incorporating any software applications,
hardware and operating systems required to provide the service.
All associated costs are included in prices quoted.
Maitland has adopted
the Statement on Auditing Standard (SAS) No.70 to ensure that all
processes, procedures and controls meet the rigorous demands of
international best practice. The SAS70 audit process is conducted
by Deloitte on an ongoing basis and the Service Auditors Report
is issued annually.