Without their massive operations labyrinth and powerful technology engines, the mutual fund and separately managed account industries would not be $8 trillion retail behemoths they are today.
It's information technology that ensures shareholder balances are accurate and up to date. IT is why index funds holding positions in hundreds of securities can make those investments. IT is how SMAs offer customized portfolios to investors. And IT is how fund companies reach millions of customers and thousands of selling partners every day.