Industry leaders sound off on benefits of streamlining managed account service

In the Winter 2009/2010 issue of DTCC’s Wealth Management Quarterly, the MMI's Chris Davis weighed in on industry trends and the drive for industry-wide operational efficiencies. And UBS’ Marianne Leone and Thornberg Investment Managers’ Randy Dry explained why their firms are excited about the industry move to message standards and the launch of MAS Portal, DTCC's Web-based gateway to its Managed Accounts Service.

Opportunities discussed include:

• Consolidating client requests from multiple sponsors into one access point for the manager
• Standardizing work processes to support a range of sponsor relationships
• Minimizing the need for out-of-band email and phone communications to resolve exceptions
• Enhancing the manager’s ability to complete client requests within an agreed-upon time frame

According to Leone and Dry, these benefits enable sponsors and managers to scale processing without adding staff, reduce errors, and control costs. The full article is available at http://www.dtcc.com/news/newsletters/wmsq/2010/winter/trifocal_view_accounts.php.

Peridrome is proud to provide its DashWM platform for DTCC’s MAS Portal initiative, and shares the vision of building efficiency through automating managed account service. Find out more about how our solutions can help your firm increase operational leverage and improve service quality.