Managed accounts business faces outsourcing hurdles

NEWS ANALYSIS: REPORT | MANAGED ACCOUNT OUTSOURCING PROVIDERS YET TO MAKE AN IMPACT

BOSTON – Complex and costly, money managers’ managed accounts operations seem rife for outsourcing, but third-party providers have yet to make substantial inroads in these markets.

A new TowerGroup report entitled Managed Account Business Process Outsourcing for Money Managers: In the Eye of the Storm, notes that managed accounts assets are expected to top $1 trillion by 2007, primarily due to client demands for personalised services, objectively chosen financial products, and fee-based relat

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