Operational inefficiencies are nothing new for the separately managed account business. In fact, the lack of connectivity between its key players has stunted what has otherwise been rapid growth in recent years.

Indeed, assets held in separately managed accounts industry-wide ballooned to $506.63 billion at the end of 2003, eclipsing the half-trillion dollar mark for the first time, according to industry trade group the Money Management Institute. But like any business, with growth comes new challenges, specifically when it comes to technology and building infrastructure.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.