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2008 Top 10 Business Drivers, Strategic Responses, and IT Initiatives in Investment Management
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What are the key business drivers in 2008 and how should I respond? This is a relevant question for firms in the brokerage and wealth management industry that want to manage the many risks of the business while improving investment performance, achieving higher levels of automation, and developing deeper client relationships.
To help you chart a course for 2008, TowerGroup has compiled the top 10 business drivers and the resulting top 10 strategic responses and technology initiatives.
Key findings:
- Securities firms must manage and take advantage of three critical business drivers – ever-evolving market structure, globalization, and the continued electronification of markets – to remain competitive in 2008.
- To provide the core services that sophisticated clients expect, sell-side firms need to invest in technology projects ranging from enhanced electronic trading tools to systems for global risk modeling.
- There will be a push for firms to balance strategic vision with effective operational execution. This is due in part to the credit crunch forcing the industry to further focus on portfolio and operational risk management, and the fragmented liquidity in the market.
- Client relationships are key to a successful wealth management strategy. Firms will work to loosen the stranglehold of products on investors and focus on ongoing interactions with clients to achieve investment goals.
