An interesting article which suggest that the majority of Global Asset Management firms need to evolve to stay afloat. A recent survey by Accenture advocates that finding new sources of investment growth is not all about smart strategies and products. It needs to take into account the evolution of platform productivity through embracing new technology, operational efficiency, cost-cutting initiatives and the integration of artificial intelligence into investment strategies through understanding risk, automating work flow around distribution management. The survey indicates that these changes will ultimately bring an improved investor experience, a refined product and a better use of employees time....
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Is This the Answer to Asset Management’s Growth Problem?
Advanced technology could be what asset managers need to jumpstart stalling revenue growth. Too bad almost half of asset management operations executives say they are not positioned to use it.
In a new survey by consultant Accenture and the Investment Company Institute, 42 percent of respondents said their technology and operations infrastructure wasn’t up to snuff in a way that would help their firms implement new growth strategies. Such growth strategies are needed because the “operational cost model for the asset management community is largely unsustainable,” according to Michael Spellacy, an Accenture managing director who leads the firm’s global capital markets practice.
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