News

In the Winter 2009/2010 issue of DTCC’s Wealth Management Quarterly, the MMI's Chris Davis weighs in on industry trends and the drive for industry-wide operational efficiencies. And UBS’ Marianne Leone and Thornberg Investment Managers’ Randy Dry explain 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.

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.

UBS to launch test of DTCC’s Managed Account Service Web Portal

Economic Downturn Not Slowing Need for Industry Standardization

New York, NY, September 10, 2009 – The Depository Trust & Clearing Corporation (DTCC) announced today that UBS Financial Services, the third largest sponsoring broker/dealer of managed accounts in the U.S., is preparing to launch a test, with several investment managers (IMs), of DTCC’s Managed Accounts Service and the recently introduced MAS Portal.

With no investment in technology, IMs using the Web-based MAS Portal can immediately begin to realize the benefits of standards-based messaging provided by the Managed Accounts Service. And both IMs and sponsors will be able to handle growing account volumes without increased cost, invest customers’ funds more quickly, and lower their operational risk.

DTCC creating new web portal to its Managed Accounts Service

MAS Portal to Streamline Access for Investment Managers

New York, New York, May 21, 2009 – The Depository Trust & Clearing Corporation (DTCC) today announced MAS Portal, a new web-based interface to its Managed Accounts Service (MAS) that will enable immediate connectivity for investment managers who oversee managed accounts programs. 

“This is a breakthrough solution that gives investment managers a secure, automated portal from which they can directly access MAS to exchange account information with their sponsor partners and begin to benefit from the efficiencies inherent in the service,” said Ann Bergin, DTCC Wealth Management Services managing director and general manager.

Peridrome unveils automated solutions at MMI Fall Conference in NYC

Early leader in fast-growing managed accounts technology space to expand marketing and development

A March 25 article in the industry journal FundFire on the proceedings of the 2008 Money Management Institute Annual Conference highlights the discussion of the role of technology and communications in enabling managed account operations to scale. The conference featured a presentation by Gary Jones, Vice President of Industry Operations for the Money Management Institute, and Peridrome President and CEO Gib Veconi, which forecast the increase in client service requests as a function of  growth of accounts industry-wide.