As investment management firms have achieved growth by expanding product lines -- including global securities, mutual fund shadow accounts, institutional separate accounts, private wealth and retail accounts, among others -- support infrastructures have become extremely complex and expensive. Requisite additional legal and compliance oversight along with increased trading risk further complicate the necessary support structure. Adopting a single investment book of record, or IBOR, can greatly reduce the effort required to support this complexity.
While this may be true, have you ever wondered what you should look at as an investment manager when considering and comparing available IBOR solutions? In order to find the right path for your firm, I recommend a process that includes self-evaluation, followed by a review of available solutions, and ultimately, an examination of specific IBOR providers.
During self-evaluation, you should first determine your firm’s core competencies, then determine what business model and technology delivery method will best allow you to focus on what you do best. A solution that lets you concentrate on core competencies while aligning costs with success is one that I identify as being “right-sourced.” Gaining perspective on how IBOR should work within your firm’s total business will help lead to a right-sourced solution where technology and service intersect and help solve the business efficiency challenge that so often accompanies expanded product lines.
Bryan J. Dori
Bryan Dori, President and CEO of Archer, has guided the company to become an industry leader in operations, technology, and client service. Having spent his career building solutions that streamline every stage of the investment lifecycle, he has transformed Archer’s business by expanding the firm’s scope of services to help managers meet demand for increased customization. Under Bryan’s leadership, Archer was named 2020 winner of the WatersTechnology Best Outsourcing Provider to the Buy Side award and one of the Inc. 5000 fastest-growing private companies in the U.S. In 2021, Archer’s former private equity investor, NewSpring Capital, inducted Bryan into its CEO Hall of Fame. He is often quoted in the news media on financial trends and regularly blogs on Archer’s website.
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