Goswell to Be Honored on March 19 ISITC is honoring industry veteran Steve Goswell, currently vice president of Bank of the West, with the ISITC Standard of Excellence Award at the industry standards group’s 24th Annual Securities Operations Summit in Boston next week. Goswell, who will receive his award on Monday, March 19, was picked… Read More >>
Vestmark Launches Robo Advice Platform
Vestmark Targets Brokers, RIAs, Asset Managers & Banks Wealth management technology vendor Vestmark is launching a hybrid “robo service” that blends human and automated advice delivery via robo-advice platform. The VestmarkONE Robo Solution has been designed to help advisors who need digital support via a turnkey offering. The vendor is targeting broker/dealers, registered investment advisors… Read More >>
Faulty IT Can Cut Revenues in Half: TABB Group
Some Firms Still Using Legacy, Error-Prone IT Nearly one-third of asset managers — based outside of North America — say that they are hanging onto legacy IT platforms even if these systems are causing trade delays and errors, according to a new survey from market research firm TABB Group. The global, non-North American investment managers… Read More >>
Asset Managers Forced to Wring More Value Out of Data
Asset managers are facing a challenging dynamic in that they have to deal with ever-greater data flows and are under pressure to make the most of that data. Many asset managers say they are not squeezing value out of their data. In a recent survey conducted by The Economist Intelligence Unit (EIU) and sponsored by… Read More >>
Vestmark Platform Links Sponsors to Asset Managers
Vestmark, a software-as-a-service (SaaS) provider of portfolio management and trading solutions, has launched the Vestmark Manager Marketplace (VMM), which is intended to connect asset managers to sponsors such as registered investment advisors (RIAs), banks and broker-dealers. The VMM service facilitates sponsors’ links to third-party management in model portfolio format or in separately managed accounts (SMAs),… Read More >>
Trillium App Retrieves Historical Data for Free
Financial services firm and trading technology vendor Trillium is melding new and old school technologies via a free mobile app for Apple iPhones that offers depth-of-book quotes for the U.S. equities markets to facilitate transaction analysis. The vendor hopes that a key beneficiary of the new app may be asset managers required to analyze best… Read More >>
Asset Managers Should Quantify Their Dealer Relationships: Analyst
(Editor’s note: Asset managers should start to think about some form of quantitative benchmarking for their relationships to dealers in the credit markets, according to Sean Owens, director, fixed income research and consulting, at market research firm Woodbine Associates. Owens is also the author of a new report, “Credit Trading Dealer Liquidity: Asset Manager Views… Read More >>
ClearStructure Appoints Global Head of Sales
ClearStructure Financial Technology, a provider of front-to-back office portfolio management systems, has appointed industry veteran Bret Price as global head of sales, officials say. Most recently, Price was a business development leader at SunGard where he drove the Insight Selling effort for revenue growth in the alternatives business, officials say. The appointment is a sign… Read More >>
ClearStructure Emerges from ‘Under the Radar’
“Front-to-back office solution” is a term thrown around often by FinTech vendors, but ClearStructure Financial Technology says Sentry, its flagship portfolio management and loan trading platform, which the vendor has upgraded, is different. The Sentry platform features an investment book of record (IBOR), integrated data warehouse, an in-depth reporting feature and built-in functionalities that tackle… Read More >>
Broadridge, BI-SAM Take On Performance Measurement
Broadridge Financial Solutions, a provider of technology solutions for financial firms and corporate issuers, and BI-SAM, a provider of performance measurement and attribution solutions for the asset management industry, report the launch of Broadridge Investment Management Solutions Performance Reporting, designed for institutional asset managers. “Now, asset managers can have access to performance and attribution as… Read More >>
