openPR Logo
Press release

Actionable Strategies Speaks On Broker/Dealer Market

01-31-2011 12:19 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Actionable Strategies

Actionable Strategies

Actionable Strategies

New York, NY – Actionable Strategies, a boutique consulting firm serving clients globally, was part of an exclusive panel on the broker/dealer market. Actionable Strategies CEO Jeffrey Wu discussed industry trends, market structure changes, technology strategies and critical challenges. The forum was part of Fidelity Investments national sales conference held in Boston.

“Actionable Strategies was asked to represent consulting firms serving the broker/dealer space. In addition to providing insight into the broker/dealer market, we dissected the competitive landscape of clearing providers”, explained Jeffrey Wu, CEO of Actionable Strategies. The other panel member was a research director from a leading analyst firm covering financial services. “The forum was highly interactive and we provided insight into specific challenges faced by broker/dealers executing end-to-end processes on the desktop without manual intervention or re-keying. To deliver value to brokers and advisors, the foundational technology requirement is seamless access to data. We provided an impartial analysis of why IT organizations are not aligned to expectations of the business: facing expense pressure, many firms focus on lower unit cost but experience higher total cost and dramatically slower time to market. Furthermore, many product development organizations are not market driven, lack agility and are not experienced with cutting edge technologies.”

Actionable Strategies spoke on key trends that will transform the needs of the broker/dealer space. Notably, the increase in fee-based business inside broker/dealers will cause evolution in go-to-market models which will subsequently force change in the back office. Seamless workflows are critical in the front office but require ubiquitous and actionable data. It was noted that widespread efforts are underway to aggregate and rationalize data but the problem has not been solved by any particular player. One constraint on the provider side was the use of lower cost IT generalists who lack overall understanding of broker/dealer processes and the underlying data implications.

Changes in client demographics have also driven needs at the broker desktop. An older client base has a differing mix of asset classes that include products such as annuities, illiquid assets and insurance products. Strategies shift from wealth accumulation to wealth transfer and eventually distributions. The fundamentally different needs require new processes and information. Providing an overarching view is an unmet need with point solution vendors attempting to fill the void.

On the competitive front, product strategy and differentiation were key selling points. With clearing and settlement being treated as commoditized services, delivering real value at the front office is the competitive driver. This is particularly important as the total available market has shrunk with a number of large banks moving from fully disclosed to self-clearing.

Compliance remains a major concern at the board and executive levels. Compliance and risk management organizations are now major consumers of integrated data. Rather than being a constraint, data aggregation can benefit other areas of the correspondent. Forward thinking leaders seek points of leverage in the data with the ability to make incremental investments on top of an existing data platform. One example provided was market segmentation and targeting using existing customer data. It was also noted that better producers in the wirehouses were not contemplated becoming RIAs not just because of retention, but because of the compliance and back office challenges when going independent.

More details on trends with correspondent clearing firms and broker/dealers will be published in a report later in the first quarter.

Actionable Strategies is a boutique consulting firm with a unique perspective of solution offerings and thought leadership. The firm specializes in key items on the executive agenda and solutions that drive performance improvement, lower total costs and manage risk. From enabling revenue growth to improving margins across an enterprise, the focus is on aligning process and technology to business impacting needs. By applying best practices and cross industry experience, the firm enables clients to formulate winning strategies and execute them effectively. Consultants at the firm have proven themselves in business strategy, globalization, alignment, turnarounds and M&A. The firm has created the operational organizations, processes and technologies to provide competitive advantage, market agility and global scale.

For further information: info@actionablestrategies.com

70 West 40th Street
7th Floor
New York, NY 10018

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Actionable Strategies Speaks On Broker/Dealer Market here

News-ID: 160447 • Views: 897

More Releases from Actionable Strategies

Actionable Strategies Engaged for ERP Strategy in EMEA
Washington, DC – March 4, 2013 - Actionable Strategies, a boutique consulting firm serving clients globally, has been engaged to develop an ERP strategy for a very large enterprise in the Middle East. The client selected Actionable Strategies because of the proven methodology proposed for enterprise platform selection with a project team experienced in large scale ERP package deployment in globally distributed organizations. Actionable Strategies CEO, Jeffrey Wu,
Actionable Strategies Invited To National Financial Consultant Forum
Actionable Strategies, a boutique consulting firm serving clients globally, was part of an exclusive group of consulting firms invited to a forum on the broker/dealer and RIA market. Actionable Strategies CEO Jeffrey Wu discussed emerging financial industry trends, regulatory impacts, technology solutions and competitive landscape responses such as data aggregation and mobile touchpoints. The forum was attended by consulting firms around the country that work with broker/dealers, registered
Actionable Strategies Awarded Romania ICT Investment Project
Washington, DC - Actionable Strategies, a boutique consulting firm serving clients globally, has been awarded a project to identify investment opportunities in the ICT sector in Romania. The ICT Definitional Mission was awarded by the USTDA and will focus on Cloud Computing, e-government, e-health and broadband access. The USTDA (U.S. Trade and Development Agency) is a federal foreign assistance agency that promotes economic growth in developing and middle
Actionable Strategies Joins Cloud Computing Consortium
New York, NY – February 24, 2011 - Actionable Strategies, a boutique consulting firm serving clients globally, joined the Cloud Computing Consortium, a cross-industry industry organization formed to become the leading source of knowledge on cloud computing. Actionable Strategies CEO Jeffrey Wu represents the firm in three working groups: Strategies, Value Proposition and Governance. “We are pleased to contribute to the Cloud Computing Consortium and provide practical insight based on

All 5 Releases


More Releases for York

New York Exclusive Event
New York Summer Fashion Explosion is hosting its annual event scheduled for June 22nd at the Metropolitan West 639 W St, New York 10036 Event time is 6 pm for the Red Carpet Experience and show presentation starts at 7 pm. The show is slated to present 10 local and international designers with two notable designers, Videmus Omnia, New York, who will be releasing her very first SS19/20 haute couture collection
Soundtaxi Opens New York Office
Soundtaxi, a music licensing company that started in Stuttgart, Germany has opened a US office in downtown Brooklyn, New York’s trendy DUMBO neighborhood. The move is intended to expand the company’s US customer base, and to make stronger in-roads to sync licensing in the US market. The United States still stands as a leading content developer, across media platforms. American filmgoers helped the US film industry haul in $11.38 billion
York Roofing Company Goes Green
TA Roofing in York have seen a growing demand for green roofing as many people are concerned about the environment as well as reducing their energy bills. Stuart Simpson, Managing Director of TA Roofing says: "We've installed green roofs on old and new properties throughout Yorkshire and they look fantastic, blending in with their surroundings and providing a beautiful garden." Green roofs provide better insulation, reduce stormwater runoff, filter pollutants, reduce energy
New York Private Equity Forums
Subject: Angel Investor-VC Summit 2016, The Yale Club New York, October 6 16 Entrepreneurs and 150+ investors are expected to attend Private Equity 2016: National Angel-VC Summit and Capital Investment Forum in the Grand Ballroom of The Yale Club New York. These deal-oriented venues have been hosted for the last fifteen years and are the best investor-attended events of their kind in the U.S. Many private investors, crowd funding enthusiasts
Introducing New York Lawyer Pages
PRMG Announces Launch of New York Lawyer Pages Website nylawyerpages.com The Public Relations and Marketing Group, LLC (PRMG) announced it has launched its newest website-based entity, New York Lawyer Pages. The website was created by PRMG, a leading provider of customized marketing solutions for attorneys in New York State. The site provides important resources for the public by allowing them access to a database of attorneys who practice in the field in
New York City flats – New York City Accommodation
We are glad to announce our new website new-york-city-apartments.net which provides top rated accommodation and services at lowest price for tourists visiting New York. New York is a famous city in United State of America, known for its financial, cultural, transportation, and manufacturing center. There are millions of people currently located in New York, in spite of this there are lots more visiting New York daily due to business trip