Boston, July 1, 2013 - Years of innovation in the front office have taken their toll on the overall system architecture of many institutional and retail investment firms; hence, key operational data sets often reside in multiple, siloed end-user systems. Being able to extract, combine, and turn this data into actionable information is currently far from trivial--it's a slow, painful process that can actually damage competitive edge, scalability, and growth of the business in the long term. As a result, the majority of these firms are prioritizing investment data management programs in 2013.
Based on Q2 2013 Aite Group interviews with 12 asset management firms and nine wealth management firms, this Impact Report by analyst Virginie O'Shea evaluates the maturity of asset and wealth management firms' data-set management, notes how firms categorize "investment data," and measures the level of attention being directed at investment data management within financial institutions across North America, Europe, and the Asia-Pacific. It also assesses the current priorities and business drivers impacting investment data management and examines the sustainability of firms' current investment data management environments. Finally, it tackles debate about what the term "investment data management" actually means.
This 37-page Impact Report contains 24 figures and one table. Clients of Aite Group's Institutional Securities & Investments or Wealth Management services can download the report.