Operations Director as ‘Chief Acquisitions Officer’
How does an asset manager try to achieve revenue goals and diversify business in a challenging economy, where growth is low? What’s an expedient and effective way to fill product gaps? Developing new...
View ArticleUncleared margin rules: The jury is still out
Go live or not? That was the question on the minds of roughly 20 major over-the-counter (OTC) derivative counterparties in the days leading up to September 1, 2016. That’s when the first phase of the...
View ArticleAsset managers, use POCs to optimize middle-office outsourcing
Back-office outsourcing has been a common practice in asset management for years. Now we are seeing more and more asset managers begin to outsource some highly specialized middle-office functions, as...
View ArticleSpeed Compliance with the U.S. Department of Labor’s Fiduciary Rule Deadline
As the April, 2017 compliance date for the U.S. Department of Labor’s fiduciary conflict of interest rule looms, many wealth management firms wrestle with how to understand and comply with the rule. To...
View ArticleAbsolute Immutability Will Slow Blockchain Progress
In a permissionless environment like bitcoin, absolute immutability is one of blockchain’s greatest strengths. For those who only believe in the permissionless mode of blockchain solutions, there is no...
View ArticleFive Tips to Get the Most Out of Due Diligence
Decisions, decisions, decisions…. Asset managers must contend with a constant stream of them. Determining whether to outsource and, if so, selecting a service provider fall under this heading, but in a...
View ArticleTransitioning to a risk-based oversight model: A five-step approach
Operations executives at many firms wrestle with the pros and cons of shadow accounting. We at Accenture believe that in most instances, the cons of shadow accounting may outweigh the pros and...
View ArticleWin with women in wealth management
Women are fast becoming one of the most important client segment for wealth management firms. Because of the importance of getting your value proposition targeting women right, this is the first in a...
View ArticleFinding the right balance in outsourcing ETF operating models
As the Exchange Traded Fund (ETF) industry continues to proliferate, it is time for asset managers to look across their ETF operating model spectrum and consider their options for insourcing,...
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Outsourcing Insights on Reaching the Decision
I was recently in a meeting with a leader at an asset management firm that has made full use of middle- and back-office outsourcing. I asked, “What’s next for the firm?” He replied: “More outsourcing!”...
View ArticleAdd Millennials to your client base by changing it up
Did you know 66 percent of children fire their parents’ financial advisor after receiving an inheritance? Millennials, whether inheriting money or earning their own nest egg, are a new breed of client...
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Bending the Cost Curve
“The Times They Are A-Changin,'” wrote Bob Dylan, who recently won the Nobel Prize for Literature. That a singer-songwriter achieved this honor is a big deal. So is what’s happening on the asset...
View ArticleOversight: How to Do It… and Do It Right
We pick up where we left off on one of my recent blog posts: Outsourcing: Insights on Reaching the Decision, for that’s where oversight truly begins. To review, the key drivers for asset managers to...
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Charting a new path in the emerging wealth management landscape
Is your wealth management firm still relying on one-to-one interactions and product-led advising? If so, those days are over. The wealth management landscape has changed dramatically in recent years,...
View ArticleModernizing client and advisor tools with Financial Services Cloud
We’ve never seen such a shift in the wealth management advisor-client relationship as we are seeing now. From the rise of millennials and women, to a tsunami of digital advancement, to fintech, the...
View ArticleIn Defense of the Traditional Mutual Fund – Past Performance is Not an...
Much has been written this year regarding the plight and future of the traditional mutual fund and the companies that manage them. By “traditional,” I mean: the actively managed, open-ended mutual...
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Three reasons to rethink collateral management (and three ways to do it)
For the longest time, collateral management has been viewed as a routine or perfunctory middle-office function whose primary purpose is to support front-office strategy. But change is afoot. A series...
View ArticleThree things to know about hybrid advice
Robo-advice is a hot topic right now, but what´s next? We believe that hybrid advice is something you could explore, but what does it look like for wealth management firms, for advisors and for...
View ArticleSneak peek: Survey says hybrid advice has a critical role in the future of...
The proliferation of data and being in the digital age has been marked by changes in the way people communicate and share information. In my previous blogs, I’ve discussed the importance of challenging...
View ArticleTop 10 Challenges: What investment banks can expect in 2017
As the calendar flips from 2016 to 2017, it’s the perfect time to reflect on the past year and look ahead to what this calendar year will bring. That’s why, for the past nine years, Accenture has...
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