has unveiled a free tool for mutual fund firms that will enable them to see how they stack up against their peers in terms of growth readiness.
| Dave Kubersky |
SimCorp North America
Between now and the end of the year, fundsters can access the self-assessment tool at
. The process takes about 10 to 15 minutes, after which
participants will be presented with a personalized report containing an
analysis of their companies' growth readiness at both an operational and
"I'm asked all the time, 'What are people like me doing?'" said David Kubersky
, managing director of SimCorp North America, in an
interview with The MutualFundWire
. "This does it in a formalized
way and people walk away with results that can help support their business."
SimCorp is making the tool available to all mutual fund firms in the North America, with an emphasis on the top 100.
"It's a 10 to 15 minute exercise," Kubersky said. "We think the results are well worth the investment."
Kubersky traced the genesis of the self-assessment tool to the findings of a survey by SimCorp StrategyLab, a research institution funded by SimCorp. In May, StrategyLab polled 100 global investment managers, including mutual fund firms,
and found that 79 percent ranked growth as their No. 1 priority.
With companies in growth mode, "we decided to embark on the benchmarking
activity," he said.
The tool looks at how fund firms are approaching issues related to growth,
Likelihood of introducing new services and offerings
Plans to enter new geographical markets over the next 12-24 months
Expectations regarding the effects of regulatory and legislative requirements
Capability of existing systems to support new funds or products
Level of automation in reporting capabilities
SimCorp's flagship product is the SimCorp Dimension investment management system. It counts Janus, Nuveen, American Century and Wells Fargo among its clients.
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