Frequently asked questions

• What features should I look for in an asset management solution?

  Asset management solutions help manage and track financial, physical, and digital assets. The visibility provided by these tools simplifies asset management activities and eases the associated decision-making. Before looking for a solution, note all your business’ unique needs, so you can ensure they’re met with the right solution.

  Some features to look for may include:

  • Asset tracking: Real-time visibility into your entire asset portfolio, without limitations or caps.
  • Usability: Users should be able to perform their duties easily with a straightforward UI design that’s mobile-friendly, responsive, and Cloud-based.
  • Compatibility: Your solution of choice should be compatible with other software and equipment that your business already uses.
  • Scalability: The right solution will be able to scale and grow as your business does.
  • Permissions and security: It’s ideal to set up role-based permissions, restricting access to only those who need it, and how and when they need it.
  • Customizable fields: You should be able to change the names of fields to accommodate your business’ unique assets.
  • Reporting: Creating customizable reports allows you to see the most important data quickly, how and when you choose.
  • Technical support: The ability to reach out for support and receive quick, quality service is vital to implementing and using a new solution.

  Be sure to test or demo an asset management solution before making a final decision to ensure it has all the features that are most important for your business’ operations.

• How can asset management solutions improve investment performance?

  Asset management solutions efficiently manage and track a business’ financial, physical, and digital assets in a single location, paving the way for new levels of asset performance. Having real-time visibility into all assets—via customizable dashboards and reporting—eases the process of making quick, data-driven decisions.

  More and more, businesses can harness the power of AI and Machine Learning to automate data analysis and glean more relevant insights than ever before. These tools scan vast amounts of data in a matter of seconds, generating customized investment guidance based on clients’ historical patterns.

  This frees up firms to explore new markets, optimize time management, and offer better customer-centric experiences. Essentially, the use of modern technology saves valuable time that can be used instead to focus on recruitment and retention with more personalized service, providing the best opportunity for maximizing profitability.

• What role does technology play in asset management solutions?

  Modern technology has led to a more efficient asset management process, accelerated workflows, and data-driven decisions. The right asset management solution reduces the strain on a firm’s staff. It also offers a competitive advantage over firms that haven’t adopted the latest, most innovative technology.

  A good asset management solution offers:

  • Automation features that speed up tasks and eliminate the margin for human error.
  • Real-time data management and analytics, applying AI for quick, actionable insights.
  • Scalability that supports a firm’s future growth.
  • Cost-effective Cloud hosting with 24/7 mobile accessibility.
  • Better, more reliable security and more effective regulatory compliance.

  With technology solutions doing so much work that was once manual, asset managers now have more flexibility to meet clients’ growing demands for personalized service. Also, solutions equipped with AI and Machine Learning can help firms remain agile and profitable amid volatility.

• How do asset management solutions support regulatory compliance?

  Adherence to industry-standard regulations and laws—known as regulatory compliance—is a vital component of asset management. Remaining compliant minimizes the risk of fines and penalties, along with preserving a firm’s reputation. Regulatory compliance is complex and constantly changing, but your asset management solution can be an instrumental resource in staying ahead of the curve.

  With the right solution, you can automate many asset management compliance processes such as real-time monitoring and reporting, document submission, and regulation updates. This increases efficiency, saves time, minimizes the risk of human error, facilitates information sharing, and makes it easy to adapt to regulatory changes as they evolve.

  Real-time data analytics deliver insights into compliance gaps and potential issues before they escalate into full breaches, offering a proactive and more transparent approach to risk management.

  Plus, a centralized repository of compliance documents ensures that employees can access all necessary, up-to-date information as needed—all within a single solution.

• Can asset management solutions be customized for specific investment needs?

  While personalized asset management was once a luxury, it’s now a vital offering in today’s dynamic market. As the investment industry evolves and younger generations begin participating, there’s a growing demand for tailored services and customizable investment options. More people are seeking investments that reflect their macroeconomic views, personal morals, and risk tolerance. Investment managers must meet these needs to satisfy clients and remain successful. Fortunately, many asset management solutions now make this possible on a larger scale than ever before.

  Whereas customized portfolios were typically only offered to high-net worth investors in the past, advanced technology has removed many prior barriers and enabled cost-effective scalability. Now a greater number of market participants can sustainably access personalized portfolios, offering the desired control and transparency over their investments. Modern asset management solutions make it possible for firms to handle large trading volumes affordably and customization requirements across thousands of accounts.

  Today’s data-driven solutions with real-time insights enable investment managers to craft adaptable investment strategies and tailor clients’ portfolios to their unique goals and objectives, which is key to client retention and future growth.