Some trends are accelerating in the asset management industry that are likely to increase the complexity of challenges for asset managers over the next 12 months to three years. This prediction is based on the trends of the past three years. Asset managers need strategies and solutions to ensure they are meeting their investors’ expectations, even as those expectations evolve with the introduction of new products and technologies.
As the types of products become more prolific, asset managers will want to provide their advice in a wrapper that the end client prefers. This may include retail alternatives, interval funds, ETFs or other fund types. As the appetite for alternatives increases, asset managers need to find creative ways to give their investors the liquidity they need.
The second trend involves the globalization of clients’ books of records. Asset managers need a way to visualize all of their clients across the globe. Previously, those clients would have been serviced through regional offices. Choosing a global transfer agency can help asset managers simplify, streamline and modernize operations, as well as provide a path to new technology and a shift away from legacy platforms.
Third, the distribution model is expected to continue to evolve. In the past, asset managers were manufacturers, but they are now getting into the distribution game via channels like wealth management and retirement. Artificial intelligence is also playing a role, as generative AI can be used to read unstructured data or enhance the customer experience through faster responses.
SS&C can help asset managers face these challenges. We provide the technology and services asset managers need to service end investors—whether it’s on the traditional or the alternative asset management side. We have the scale to drive solutions across complex issues like the continued evolution of digital products, staff augmentation or the continued drive for deriving insights from data.
To learn more about these challenges and how SS&C can help, watch our videos as part of our series, Unlocking Expertise, Amplifying Value and Empowering Our Customers. The first video discusses the challenges, and the second video examines solutions. Visit our solutions page to explore our full range of Asset Management Solutions and resources.
