As technology continues to morph from a businesses support tool to a business development driver, it is also a bigger piece of investment companies' budgets.

In a recent survey conducted by SEI and the Investment Advisor Association 60% of asset management firms said they expected to increase technology spending in 2007, listing the top three drivers as compliance, accounting and reporting programs, and higher compensation for information technology staff. Conversely, only 13% of respondents said their technology spending would be dedicated to developing new infrastructure or systems, such as e-mail retention or storage programs.

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