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Jan 23, 2018

Daily reconciliation: neither snow nor rain…

Depending on their business, our clients typically need to match their data to custodians, prime brokers, or fund administrators – or all three. The methods they employ may vary, but ultimately their main goal is to ensure the data within their accounting system matches what the other side knows. The reconciliation challenges we have seen generally fall into three buckets. Read more...

Jan 22, 2018

The strategy behind Vision FI

We recently launched the latest client communications offering from SS&C: Vision FI. This launch is a capstone of our strategy to consolidate our Varden and Pages offerings into a single solution that our clients can manage with just a single team of investment client communications experts. 

Jan 19, 2018

Spreadsheets and the risk of manual intervention

Spreadsheets are powerful tools that enable users to easily customize their own data and analyze it in a variety of different ways. However, asset managers must carefully consider their limitations. In the Journal of End User Computing, Ray Panko, a professor of IT management and leading authority on spreadsheet practices states that 88% of all spreadsheets contain errors.

Jan 18, 2018

Recruiting and retaining the next generation of advisors

The workforce of financial advisors is graying. Today, the average age of a US-based financial advisor is 51 years old. With more than 300,000 advisors in the field today, and older professionals dominating that number, the wealth management community is posed with a unique challenge to redefine itself.

Jan 17, 2018

Mike Megaw talks AI and machine learning with HFMWeek

In a recent Q&A with HFMWeek, Mike Megaw, managing director at SS&C GlobeOp discussed how artificial intelligence (AI) and machine learning technology are beginning to impact the financial services sector.

Jan 16, 2018

Changing client service demands: Can you meet them?

“The client is king.” Businesses across industries focused on client service have ingrained this in their operating philosophy, and the Asset Management industry is no exception. At present, we’re seeing client service demands focused on three key areas: Desire for enhanced returns, demand for improved value, typically through lower fees, and more responsive and transparent interactions and communication.

Jan 15, 2018

Opportunities and challenges facing private banks in APAC

In North America and Europe, the majority of HNWIs put their capital in the hands of private bankers, whereas wealthy citizens in APAC have yet to fully embrace private banks and vastly prefer to remain with their tried and trusted wealth advisers, retail banks or family offices.

Jan 12, 2018

The foundation of a successful CECL reserving process

While banks have until 2020 or 2021 to implement CECL, they must plan for adoption now.  Significant judgment will be required in forecasting, and banks should begin speaking with advisors and planning immediately.