MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, April 16, 2007 Technology Is the Key The Investment Adviser Association (IAA) and the Software Engineering Institute (SEI) have released their first annual Asset Management Technology and Operations Study. The report focuses on the role of technology in the competitive landscape of mutual funds. The study is based on the premise that operational and technology capabilities are enablers of success, not indicators. Companies that have the best technology have the ability to serve clients better, manage investments better, and retain more employees. These are the top three factors cited by survey respondents as their most pressing concerns. IT spending at asset management firms continues to grow , according to the report, but companies are focusing on upgrading and maintaining existing systems rather than developing new ones. "The real issue here is really making an investment in infrastructure and using technology to have an ongoing relationship with clients and intermediaries", Paul Schaeffer, managing director for strategy & innovation at SEI's investment manager services division, told MFWire. Printed from: MFWire.com/story.asp?s=14010 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |