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We benchmark everyday. Our consultants are gauging operations practices out in the field. Our analysts are comparing systems functionality through research and vendor demos. Because we are continuously exposed to technology advances, operations practices, and industry trends, we are perfectly positioned to provide you with a detailed understanding of how you stack up to your peers, from many different angles.

In today’s increasingly competitive environment, it is more important than ever for investment firms to have a good understanding of their position relative to their peers.  It is good to know how effective your firm’s processes are, but even better to know how and where you can focus resources for improvement.

CutterBenchmarking is the leading benchmarking service that focuses on investment systems and operations. We provide a meaningful perspective that enables firms to compare their investment processes to their peers and to “best in class” capabilities.

Current Study

Investment Book of Record (IBOR)

Historically, there has been a diverse range of opinions and interpretations of what constitutes IBOR requirements within the industry, and although opinions are converging this benchmark survey takes an agnostic and inclusive view of what IBOR might mean to firms in terms of their current and future needs.

While the role of IBOR is to support the Investment Management decision making process, the exact nature of a firm's IBOR requirements will vary as their investment strategies, processes, and operating models shape the timeliness, granularity, and breadth of data these processes require.

Cutter's definition of IBOR, used for the purposes of this capability model:

An IBOR delivers the current best available view of investment data suitable for investment decision-making, incorporating:

Current status and forward projections of:

  • Portfolio investment holdings, with a breakdown of transactions and security lifecycle events and their status
  • Cash positions and breakdown of transactions and status

Reference data and derived analytics required to support the investment decision-making process

The users of IBOR information are decision-makers:

  • Primarily portfolio managers making investment decisions
  • Secondarily risk managers, compliance officers, and other managers

Learn more about the benefits of benchmarking.