IT Spending Trends in US Asset Management

April 22, 2002

Abstract

Boston, MA, USA April 23, 2002

IT Spending in the US Asset Management Industry

Celent predicts that IT spending in the US asset management will show no change in 2002 compared to 2001, despite a steep decline in the assets under management held by buy side firms. In a new report entitled IT Spending Trends in the US Asset Management Industry, Celent Communications outlines the IT spending levels and priorities in the US asset management industry. "The market declines of the past eighteen months have had a silver lining for asset managers", according to Octavio Marenzi, managing director at Celent. "Retail investors are tending to rely more on professionally managed assets, and the number of trades initiated by institutional money managers has actually increased sharply over the course of the past 18 months."

The report goes on to outline the effect that consolidation amongst asset managers is having on IT spending priorities, the spending levels on STP and T+1 initiatives, as well as a look at the increasing outsource of technology platforms to third parties. A Table of Contents is available online.

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Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

 

Boston, MA, USA April 23, 2002

IT Spending in the US Asset Management Industry

Return to report Abstract

INTRODUCTION 3
  Market Summary 3
  Mutual Funds 5
  Hedge Funds 6
  Exchange Traded Funds 7
  Emerging Competition and Consolidation 8
IT SPENDING: LOOKING AHEAD 13
  Investment Industry IT Spending 14
  IT Spending Priorities 16
  The Gradual Shift to Outsourcing 20
  The Bigger Goals: STP and T+1 24
CONCLUSIONS 27

 

        

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