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The wealth management sector is facing severe challenges around rising back-office costs and regulatory burdens. According to a recent study, a majority of wealth management firms will prioritise improved operational efficiency and client asset protection in the next 12 months. The survey, commissioned by Clearstream, highlights the edge that state-of-the-art external service providers can supply to fund managers. It was conducted by Goodacre, a specialist consultancy for the securities industry in the UK.
When presenting Clearstream's November figures*, Co-CEO Philip Brown underlined how the company's product and service offerings are helping the wealth management industry overcome the headwinds arising from new regulations as well as high processing and operational...
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