Each year, we think collectively about the trends that we believe will shape the year ahead for our clients and the industry. Usually, these trends offer up more questions than answers and this year’s outlook is no different. We hold no crystal ball and cannot say much with certainty, buy what we do feel confident in is that the pace of change in our industry is accelerating.
For decades, asset managers operated on the same systems, followed the same processes, and worked with the same providers. But in a year plagued by economic uncertainty and challenging markets, we were surprised to see an increased interest in strategic change initiatives. In some cases, this was cause and effect, but we believe it underscores the scale of change at play in our industry and is a bellwether for the year ahead. If 2020 was any indication, asset managers will be embracing big picture change as they lay the groundwork to harness the power of new technologies and investment strategies.
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