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From the Opalesque team:
Advent Software, a leading software provider to the alternative and wealth industry, has produced a Report on Outsourcing. The report focuses on back-office outsourcing and investment reporting, which have become critical to managers following the financial crisis.
In today's current climate, a great deal of weight has now been put on these aspects of a business and the paper goes into detail on areas such as client reporting, performance reporting and regulatory reporting - all key areas.
Investment reporting is a critical component of an advisor's business, whether as a tool for monitoring internal performance, in meeting and surpassing customer service demands, or to ensure regulatory compliance.
To fail in this area is unthinkable, but to excel in reporting requires a high level of commitment often beyond the resources of many advisors. And with service demands and technology requirements on an ever-upward trajectory, and fees continuing to feel the pinch, that quandary is not about to disappear.
Outsourcing is more than a service - to be successful it should be a mutually beneficial relationship between you and your provider. Of course, not all outsourced portfolio accounting and performance measurement services are created equal, so it is vital you give careful consideration to the propositions on offer.
Does the outsourcing provider:
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