The ‘Year in Review’ report by Expand Research on the Asset and Wealth Management industry is available to access. This report not only highlights important trends in the industry but also explores the consistent themes that have been observed in the areas of Technology and Operations.
Some key highlights include:
- IT spend to increase for the 6th consecutive year, with global inflation and competition for key skillsets the primary drivers.
- Ops spend remains relatively stable, with renewed interest in outsourcing initiatives to keep costs in check.
- Resourcing continues to be a key challenge as firms explore ways to up-skill and improve retention.