Peridrome insights cited in new FRC report on SMA trends

FRC’s latest quarterly update on the SMA industry analyzes the opportunities and challenges facing service providers, outsourcers and TAMPs. The report cites Peridrome’s research identifying client request servicing as the least scalable aspect of the managed account business. FRC adds the following perspective from Peridrome CEO Gib Veconi that firms reduce human involvement in new account opening and maintenance servicing: “Instead, [Veconi] recommends systems that analyze incoming client requests and automatically make any necessary updates to core accounting and trading systems.”

To read the FRC report, click here.