Technology is advancing at an accelerating pace, and asset managers using older operational infrastructure or piecemeal solutions are having a harder and harder time keeping up—if they’re able to keep up at all. Firms that continue to work in operational siloes with a patchwork of legacy systems are in danger of falling behind and becoming unable to meet regulations and customer expectations. Investing in technology is the logical choice to advance a business, but how do you choose a solution that pays you back in cost savings and efficiency gains?
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The deadline to comply with the US Securities and Exchange Commission’s (SEC) Marketing Rule is fast approaching on November 4, 2022. The new rule effectively joins formerly disparate regulations together under the Investment Advisory Act of 1940 (The ’40 Act) to govern how registered investment advisors can advertise and solicit cash—essentially all things related to attracting new clients and cross-selling new services to existing clients.
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Investment operations staff keep wealth and money management firms humming. They handle the sometimes mundane, frequently arduous and always critical tasks that reconcile trades, balance the books, capture performance and ensure compliance (just to name a few areas). In the age of the so-called Great Resignation, it’s especially important to give the staff reasons to stick around; one way is by giving them tools and technology that help them to work efficiently, advance their skills and gain opportunities to add more value to your firm.
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Most asset managers would agree that high-performance technology infrastructure is essential for optimizing efficiency, controlling operating costs and moving a business forward. In today’s complex, fast-paced marketplace, it is also a competitive necessity—potentially a big differentiator in enabling firms to operate efficiently across the investment management ecosystem and deliver a friction-free client experience. In its recent report on “The Future of Asset Management,” consulting firm Accenture said, “The asset management landscape seems to be evolving faster than firms’ ability to operationally adapt, putting pressure on firms to implement flexible, scalable operations and technology.”
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Even as interest rates trend upward and traditional fixed income investment vehicles reclaim some of their luster, insurers and other investors continue to show interest in private market investing.
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Every day, investment and wealth managers face multiple risks: competitive, market, regulatory, geopolitical, inflationary, credit and so on. They have enough risk on their investing plates without a side of operational risk added to the mix.
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SS&C recently hosted an "Investment Operations Managed Services: Client Perspectives" webinar during which clients discussed the workings and benefits of investment operations managed services. In this post, we share some notable takeaways from the session.
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