In an era of profitability challenges and increased demand for revenue, many wealth management firms are looking at outsourcers to decrease the costs of functions that do not provide an opportunity for differentiation. For example, 44% of wealth management executives expect the Dodd-Frank Act to negatively impact their firm’s business, and many expect to outsource the variety of compliance tasks that is sure to come in its stead.
Firms planning to outsource tasks associated with meeting these new legislative challenges should consult CEB TowerGroup Wealth Management’s recent Outsourcing Market Update, which investigates:
- The Current Market: Read about the current landscape of and business drivers for outsourcing.
- Areas for Future Investment: Review projected spend on outsourcing solutions and learn about the emerging technologies that will shape the industry in the future.
- The Vendor Landscape: Review a list of firms offering outsourcing solutions, and consult our features audit and profiles to compare offerings from different vendors.
Ensure your firm is getting the highest value from your existing relationships and evaluate the potential for new partnerships with the 2013 Outsourcing Market Update.