Fewer financial service firms will increase their technology budgets in 2001 compared to this year, according to a third annual survey issued last week by the National Investment Company Service Association of Wellesley, Mass.

The survey found that 63 percent of financial service firms will increase their technology budgets next year. That number is down from last year when 78 percent of the firms polled said they would increase their budgets.

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.