Approximately 35 percent of money management firms questioned in a recent survey are dissatisfied with the capabilities of their portfolio accounting systems. And for those firms that have replaced their portfolio systems--or have considered doing so--fully half were motivated by a lack of specific functionality. Nonetheless, nearly 70 percent of the firms that responded to the survey say they would recommend their current portfolio accounting system vendor.
The survey was conducted by Somers
While at Sibos Toronto, James shares some interviews covering topics on blockchain, fintechs and cybersecurity.Subscribe to Weekly Wrap emails