Olmstead Blog

The Front-to-Back Operating Model: Avoid a Siloed Approach

Posted by Joseph DeRice

There is simply no denying that “front-to-back” is gaining significant momentum. The business case is clear: asset managers must differentiate to survive but a legacy of overly complex operating models, restrictive and costly technology, and functional silos between the front, middle, and back-office are inhibitors to executing their strategy.

Data is the New Application

Asset managers hire top talent and want to get the most out of them.  To do that, they need to be given the right information, tools, and culture to be successful.  This includes freeing data and promoting a data culture where decisions and changes are made according to data-driven insights.  Data is a product that drives business outcomes.  Success comes from cultivating the best ideas and making the best decisions based on the best available data. 

Unstructured Data – A Strategic Approach

Posted by Bob Wilson

Data integrity, operational risk, and firm reputation are key considerations in how a firm develops its client reporting & pitch book production processes. To protect these interests, the standard practice is to create and manage a structured data such as performance, holdings, transactions, and attributions in a single source of truth. But what about unstructured data, which accounts for at least 50% of the content in these reports and books?

Data Management – the 4th wave of outsourcing

Posted by Sara Cheng

The latest evolution of front-to-back outsourcing is here: A new solution to the age-old problem of data management. These offerings bring a critical new class of service to front-to-back offerings and will certainly raise the bar; the service provider will assume accountability and must get it right.

  • Will service providers realize the same level of success when extending their data capabilities to clients?
  • Where will the lines be drawn between the provider and the manager, what infrastructure needs to stay behind?

Only time will tell the answer to these questions, but while this evolving service model seems poised for success in solving the “data left at the doorstep” dilemma, the devil lies in the details of execution.

The CEO-Driven Outsourcing Trend – the Mind Shift from Cost Savings to Strategy Enablement

Posted by Stephen Alepa

Not too long ago, a typical operational outsourcing project went something like this:

Bringing Investment Management In-House: Know Before You Go!

Posted by Joseph DeRice

Bringing investment management in-house has deep implications beyond where investment decisions are made. Without a well-defined strategy for how to support the end-to-end investment lifecycle, asset owners put themselves at risk and may never fully realize the intended benefits of increased flexibility, control, and lower cost.

The Hidden Cost of an Unoptimized Solution

Posted by Andy Ziegler

Olmstead’s Andy Ziegler says in our webinar “Avoiding Shiny Object Syndrome” “Firms leave all kinds of horsepower on the bench”. How does this affect firms? Firms do not maximize the potential of anyone tool in their distribution stack leaving features on the table. They also do not integrate their tools as effectively as possible, missing out on an ROI multiplier effect. 

Why does this happen?  This is caused by functional silos, narrow project scope, project fatigue, and a lack of data readiness

The Symptoms of Shiny Object Syndrome

Posted by Andy Ziegler

Asset managers increased were increasing their technology pre-COVID*, but when we polled registrants  for our webinar “Avoiding Shiny Object Syndrome to improve Distribution Architecture ROI   we found that 84% of customers say that their investments in client communications solutions have not quite met the mark.    

 

As COVID-19 accelerates the move to virtual and digital, this trend becomes more concerning and must change. A positive ROI on client communications solutions is no longer a nice to have but a strategic imperative. 

 

So why haven’t most organizations seen the success that they originally anticipated?

Sergio Romo and Distribution Intelligence: Part 2

Posted by Stephen Alepa

When Sergio Romo was converted from a lifelong relief pitcher to an "opener" in 2018, this forever changed the face of baseball, and this change was fueled by data. In Part 1 we covered why your Distribution Intelligence (DI) team needs a seat at the distribution strategy table and why getting buy-in from the implementors who will exercise new approaches in the field is as important as deriving the idea itself.  As DI continues to evolve, we dive deeper into how DI can play a vital role in bending your cost curve, and how to effectively implement it across your organization.

Sergio Romo and Distribution Intelligence: Part 1

Posted by Stephen Alepa

 

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