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Rating:How Poised is Your Firm for Growth? Not Rated 5.0 Email Routing List Email & Route  Print Print
Thursday, August 12, 2010

How Poised is Your Firm for Growth?

Reported by Armie Margaret Lee

SimCorp 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
Managing Director
Between now and the end of the year, fundsters can access the self-assessment tool at http://growth.simcorp.com. 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 organizational level.

"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, including:
  • 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
    and
  • 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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