As an asset manager, your challenges loom large. The competition for investor funds pushes you to broaden your strategies across multiple asset classes, currencies and regions. You’re also dealing with separately managed accounts (SMAs), but managing all these complexities can overwhelm your back office.
What’s more, fee compression is putting pressure on your margins. Cutting costs while maintaining efficiency is a must.
You need the time to focus solely on investing and serving clients. Let Empaxis handle your asset management operational needs.
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Empaxis provides asset managers with a proven outsourcing solution for operations, thanks in part to our TAMP1 platform.
The TAMP1 platform provides asset managers with a comprehensive, one-stop place to see all data and reports. Automation tools are built into the platform to pull in data from 1,800+ sources and develop customized reports quickly.
Freed up time is the number one reason why investment firms choose to outsource.
What’s more, leveraging technology and outsourcing helps asset managers save significant money. This, in turn, frees up managers to focus more on clients.
“Client profiling, data analytics and operational flexibility will be increasingly critical to effectively target and service an increasingly diverse client base,” says KPMG.
The resources required to support advisors’ management activities are time-consuming and costly. Offloading those tasks by taking advantage of asset management solutions can save your staff for other activities like client engagement and networking.
According to BCG, a firm with an AUM of $100 billion can save 15% to 20% of total costs through such initiatives as outsourcing — a $16 billion to $21 billion opportunity across the industry.
According to another study, advisors who have more time to nurture clients and prospects bring in $1 million more in revenue over 10 years. That study also indicated that advisors who outsource add $14.5 million to their assets annually, double what in-house investment managers add.
A recent study indicates that 84% of firms and advisors who outsourced operations to specialists reported that they’d had a successful experience. They reported that outsourcing: