Ninety Percent of Asset Managers to Increase Middle Office Spending

More than 90% of asset managers surveyed last fall said they expected to increase spending on middle-office technology in the next 12-18 months, according to SEI’s 2016 Middle Office Survey report. Outsourcing is an attractive alternative as costs rise, but Citisoft notes that tight budgets are not the only factor that is driving asset managers to look to third party service providers. “There have to be other reasons [than cost] to look at outsourcing, and it comes down to legacy technology not keeping up,” Secaur says. “How many Band-Aids are you going to put on your existing systems and existing processes before it becomes too much?” For more on middle office technology and spending trends, read the full article on Ignites.