In a rapidly evolving and highly competitive market, a best-in-class platform is the need of the hour in the thriving Discretionary Portfolio Management industry.
Portfolio management institutions across the globe are engaged in a real battle, involving rapid changes from the regulatory agencies coupled with changing investor preferences and margin compression. As the cost pressure continues to rise, it is important to «do more with less» across every area of operation.
The Private banks in Singapore and Hong Kong have witnessed a 20 percent to 40 percent growth in Discretionary Portfolio Management (DPM) assets over the last three years. And it is predicted to grow even further in the next years.
Freeing Up Employees
As the core activity of portfolio managers is to generate alpha for the growing clientele efficiently, it is essential to optimize portfolio management systems to have a positive impact on the bottom line.
However, freeing up employees so that they can dedicate more of their time to revenue-generating activities, rather than manual work, is just one driver of the technology investments. Other drivers, which include better transparency, informative data, and operational risk reduction, are pivotal today.
Key Challenges
Many portfolio managers still rely primarily on spreadsheets or legacy systems, and the key challenge with these options is the lack of controls. This leads to a high probability of human errors when dealing with thousands of lines of data. For example, an incorrect formula in one cell or an improper drag of the cursor can lead to severe losses.
Due to fragmented information, such as asset allocation, sector-wise allocation, and currency exposure – which are used for risk assessment and stored across multiple channels or applications, portfolio managers spend a lot of time collating these data points to arrive at optimal investment decisions.
Next step: Assess and implement the right platform to achieve your DPM vision
As a discretionary portfolio manager operating within a dynamic market of ever-changing regulations and client needs, manual tasks must be significantly reduced to enable greater allocation of time to scout for opportunities in the market and create wealth for their clients. To facilitate this, a strong and proven Discretionary Portfolio Management – or DPM – platform is a must.
Synpulse turns your DPM strategy into a value-creating reality with subject matter expertise and a proven track-record in end-to-end implementations.
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