TECHNOLOGY

Key Priority for Asset Managers in 2017


Based on a recent report by Osney Media and BackBay Communications, more than 50% of asset managers plan to replace outdated tech over the next year. It appears technology is a definite priority for 2017 and beyond.

  • New research reveals that technology systems and client reporting improvements are key business priorities for asset managers in 2017.
  • Less than half of asset managers provide real-time reporting, ereporting or mobile reporting capabilities for their clients.
  • One third of asset managers are considering an online client portal for the first time and many will plan to launch a mobile app.
  • Data governance initiatives and outsourcing tech operations were also high on the list of priorities. Environmental and social issues are also becoming a more important part of the investment decision-making process.
  • Many asset managers indicated that regulatory change, together with a desire to meet client demands, is the key driver behind new technology adoption.
  • About half mentioned pressure on margins and costs, while almost 40% cited the rise of passive investing.
  • Artificial intelligence is seen as having the greatest disruptive potential for the industry in the years ahead. Only a small percent said that blockchain would be the leading disruptive technology.
  • Most are proceeding cautiously, with about 25% skeptical that the industry will look much different in five years (although some believe and expect the industry to be radically different in that time frame).
“The asset management industry faces a number of challenges: growth in passive investment is putting traditional fee structures and margins under pressure, expectations and behavior of clients are evolving and of course the regulatory environment continues to change.” –Jonathan Wiser, Director, Osney Media

Ellen Kinlin

President

The Kinlin Company, Inc.

www.kinlin.com

www.wewomenexecutives.com

eck@kinlin.com

Office: 508-420-1165

Mobile: 508-360-2053

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