The expansion of assets in UMA and rep as portfolio manager programs is driving an industry transition to model sharing as a replacement for traditional separately managed account operations. Model sharing holds the promise of streamlining interactions between investment managers and broker-dealers, but requires new technology solutions to manage communication risks.
Peridrome's Gib Veconi discusses the challenges and opportunities for Wall Street & Technology.
FSO Knowledge Xchange recently sat down with Peridrome CEO Gib Veconi to talk about outsourcing trends in the managed accounts industry. Mr. Veconi's answers, drawn from Peridrome's recent survey of over 120 managed account executives, make a case for why the industry transition from SMA to UMA product packaging may present new opportunities for outsourcers.
You can read the interview Q&A here.
Be sure to visit Peridrome at booth 10 at the Money Management Institute's Annual Conference, being held Wednesday May 11 and Thursday May 12 at the Boston Park Plaza Hotel. We'll have product demonstrations, information on Peridrome's solutions and services, and free giveaways!
More information on the 2011 MMI Annual Conference is available here.
The first solution specifically designed to reduce risk and increase efficiency by automating portfolio model sharing between investment managers and distributors
NEW YORK, NY – May 10, 2011 – Peridrome Corporation, a leading developer of automated solutions for the managed accounts industry, today announced the launch of ModelStream, the first software solution designed to manage risk and address operational challenges associated with model sharing among investment managers and distributors, including broker-dealers, investment advisors and turnkey asset managers (TAMPs).
In addition to compiling responses from over 120 managed solutions executives, our 2011 Managed Accounts Executive Outlook offers recommendations for how managers, sponsors and outsource providers can successfully navigate today’s changing business dynamics and operational demands.
On Thursday, September 27, Peridrome CEO Gib Veconi will be a featured speaker at the Financial Research Associates 8th Annual Managed Accounts & Investment Solutions Summit in New York. Topics on the panel, "Mastering Managed Account Technology Integration: Trends, Tools and Techniques for Success," will include:
- Current state of application architecture among managers and sponsors: What's the baseline?
- What business trends are driving new manager and sponsor technology requirements?
- Closing the gaps in technology capabilities and features: Buy or build?
- What are the integration challenges and how can they be handled?
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.
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
Crystal Bueno (212) 855-5473
Bari Trontz (212) 855-4825
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.