Asset management is the service of professionally investing money, whether for individual or institutional clients, while private banking can be defined as personalised wealth management for high net worth clients, principally individuals.
These two fields are in constant evolution and their players are faced with a growing number of challenges in a highly competitive environment.
Markets are becoming truly global and are experiencing more turbulence. Corporate failures are prompting stricter risk reporting and compliance requirements. New regulations are introduced at an increasing pace, driving up risk management and compliance costs. Clients are increasingly sophisticated and more demanding in terms of service expectations, they are asking for tailor-made solutions and a high quality of service, while at the same time exerting pressure on asset management fees. Constant financial innovation is driving more changes, introducing more complex products, more sophisticated derivative contracts and instruments, therefore expanding the total investment universe. Technological evolution is prompting investments in cutting-edge technology, and firms need to maximise these investments.
Issues faced in the day-to-day activities are multiple and encompass a very large scope, from customer relationship management, investment product development, strategic and tactical asset allocation choices, and portfolio composition, to portfolio monitoring and rebalancing, trade execution, post-trade compliance, performance measurement and attribution, and reporting.
These challenges and issues all impact client service and investment performance which are considered the most important success factors for asset management and private banking players.
Finalyse’s aim is to help its clients focus on their core services of investment and client management, whether by working directly with asset managers and private bankers, or by working with other actors in the industry, such as brokers, custodians and data providers.
