Beyond the Numbers Blog

WealthTech Talks: The Modern Portfolio Management System for Wealth Managers

Posted on November 13th, 2019

What trends are influencing the development and capabilities of today’s portfolio management systems? How can evolving wealth manager needs shape the future of these systems?

These were among the many questions that Mike Slemmer, FundCount’s COO Americas, and fellow panelists addressed in this engaging webinar sponsored by The Wealth Mosaic.

Integration is Key
Modern portfolio management systems (PMS) have become highly sophisticated. Not only must they be able to support a broad set of functions such as client relationship management, analytics and compliance, but they must also accommodate a wider range of assets.

While trends in features and functionality, delivery options (i.e., cloud vs installed) and even regulatory requirements impact whether a firm opts for a standalone or integrated best-of-breed system, the PMS cannot operate in a vacuum. “Integration is critical for a PMS to be extensible to other systems,” said Slemmer. “With integration, there is no efficiency slippage, no risk exposure – managers can quickly get information and connect to other aspects of the business.”

Integration is key for straight-through-processing. It connects front office deal flow with back office accounting support for greater efficiency. And it ensures seamless connectivity to banks, brokers, fund administrators and other links in the financial chain. Technology is at the helm of integration. It makes integration possible through advanced programming interfaces (APIs) and programming connectivity.

Click here to listen to the full webinar and learn more about the trends impacting portfolio management systems.