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Jan 5, 2021

Wealth managers cannot ignore best execution obligations

As regulators around the globe beef up their enforcement of best execution rules, wealth managers need to pay attention now more than ever. When trading assets, brokers are required to seek the best execution reasonably available to fill their customers' orders. Similarly, advisors need to prove that their client’s total costs (or proceeds) in each transaction are the most favorable under the prevailing market conditions. For wealth managers, meeting best execution mandates means having a systematic approach in place to report on these fiduciary responsibilities.

Dec 9, 2020

Three factors driving the global advice gap

Across the globe, there is an advice gap where a significant proportion of the population does not have access to or feels that they can afford financial advice.

Three main reasons for this include perceived high cost, the method used to deliver advice, and consumer perceptions.

Dec 7, 2020

Understanding and adhering to Un-cleared Margin Rules (UMR)

Is your firm in scope for UMR? SS&C’s whitepaper, OTC Derivatives Workflow for Un-cleared Margin Rules in the EU and US, provides a simple flow chart to help you determine whether your firm is in scope, and for which phase.

Dec 4, 2020

Modernizing your investment operations platform? Consider these steps

As investment management firms explore ways to lower costs and improve their operational efficiency, they continue to focus on opportunities to streamline the whole front-to-back office process.  This presents a tremendous opportunity to transform the business so it is positioned to grow and have the agility to meet opportunities for years to come. While few disagree that an end state of having everything on one technology platform would achieve this outcome, the challenge is getting there. 

Nov 30, 2020

It’s Tax-Loss Harvesting Season ̶ Now What?

Every calendar year when November rolls around, it means one thing for North American wealth managers: it’s tax-loss harvesting (TLH) season. Throughout the course of the year, when sell orders are placed in clients’ accounts, a realized loss or gain is triggered based on whether a client made or lost money on the trade for a given position.

Nov 16, 2020

Good data housekeeping is the first step toward reliable client reporting

The global lockdowns and the associated economic downturn have triggered the innate human nesting instinct. Thoughts turn inwards as preparations are made to handle the current situation and prepare for the future. Across the globe, rates of household saving have soared and people are investing in pursuits that will improve their ability to ride out bumps in the road ahead.

Nov 12, 2020

SS&C and St. James’s Place win Best Implementation in FundTech 2020 Awards

When a wealth manager decides to transform its business, determining the new operating model and selecting a partner to deliver is a massive project in itself. Firms need to be innovative and ambitious in the decisions they make, and to secure a great deal for their customers and employees. As the ink dries on the paper, a lot of work has already been done on both sides. However, this is just the start of much bigger project, and a much bigger test for both sides—the implementation.

Nov 9, 2020

Align your clients’ values to their investments via comprehensive ESG data

Funds focused on investing in firms with strong ESG (environmental, social and governance) profiles bounced back from the coronavirus-driven market sell-off in a big way this year. According to research from Morningstar’s Global Sustainable Fund Flows report, ESG funds hit a global record high of more than US$1 trillion AUM as of the end of June, with global inflows into sustainable funds during the second quarter of 2020 up 72% quarter over quarter. “The disruption caused by the pandemic has highlighted the importance of building sustainable and resilient business models based on multi-stakeholder considerations,” the report stated.

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