The 2024 TabbFORUM OMS/EMS Trends Report is out!
We’re Proud to see FlyerFT’s Scott Scherr featured, sharing insights on evolving investment management tech.
(Excerpt from Scott’s Feature)
Looking forward, the time requirement for tasks big and small will be an increasingly important factor in technology decision making. Across the board, people are being asked to do more and manage more diverse clients with all degrees of wealth. This creates challenges using a “cookie cutter” investment approach said Flyer Financial Technology’s Scott Scherr.
“For instance, historically investment managers were dealing with clients’ with only a single custodial account primarily investing into equities. As wealth increases so do the investment requirements and the need for a more tactical approach to manage a client’s investment strategy. The introduction of more diverse asset classes, multiple custodial accounts, households, tax implications all require greater attention. Simply running an account against a model strategy is not enough. The challenge then is that some of these folks are using legacy technologies, and what they want is a vendor who can provide them the data, the connectivity and functionality around the trade construction and trade management function that fits into their current tech stack allowing them to advance forward without upending the entire firm and tech budget.”
