More than ever before, investment managers are recognizing data as a strategic asset that can provide competitive advantage. Firms are investing in data quality to facilitate superior investment decisions, deliver timely and accurate reports to clients, improve operational efficiencies, and mitigate risks.
Data requirements are skyrocketing as investment managers take on more specialty assets, clients demand better and faster reporting, and regulators pile up demands for transparency and for information of every type. We don’t foresee a time when data demands, expectations, or requirements will stop growing or even slow down.
So you need to have a solid data management program in place as soon as possible, addressing all four cornerstones of data management—Governance, Stewardship, Architecture, and Delivery.
But building a successful data management program requires a serious commitment of time, effort, and human resources, who must often be diverted from other priorities. The industry is rife with examples of firms making huge investments in data management, without the commensurate benefits. Getting it right requires the insight and expertise of professionals who have the experience across a multitude of firms.
Getting data management right is required for an investment firm in today’s environment. Good data architecture and delivery are important, but effective governance and stewardship are critical to getting it right.
Principal – Data Management Practice Lead
Over more than 50 projects, our consultants have helped clients successfully evaluate, design, and implement investment data management and governance strategies, by sharing our experience and industry knowledge about the most successful approaches and solutions for each situation. Because our experience covers all aspects of the data management framework, we can help you effectively define and assign the resources needed to create a successful data program. Our deep understanding of investment data, the related business processes and technologies used help you reduce the associated time, costs, and risks.
To prepare for planned growth, our client asked Cutter Associates for help establishing a strategy, building an organizational framework, and selecting and implementing systems to enhance their data management capabilities.
This report contains findings from Cutter Associates research on Mastering Client, Account, and Product (CAP) Data. It provides background on the industry drivers affecting investment managers, including those related to data quality and accuracy for this reference data.
CutterResearch members discuss their tools for managing metadata within their broader data management activities. Discussions include the relevant data domains, who uses metadata, and how it is maintained, along with the benefits expected or realized by implementing an automated Metadata Management system.
CutterResearch members discuss the Business Intelligence Tools they are using to support their business. We explore which business areas are using the tools most effectively, and share some practical applications for the tools, where members are using them to support standard reporting and to facilitate self-service or ad hoc queries.
This research includes an examination of industry trends, member and best practices, and a detailed evaluation of systems for market data administration.
Market data is just information used in investment making and monitoring processes. So why is managing it such a challenge for mere mortals?
CutterResearch members share their practical experience with processes and systems used to enable digital storage of documents, and options for providing access to documents by both clients and internal staff.
Principal, Data Management Practice Lead
With over 25 years of experience in the investment management industry, Arnold Wachs brings extensive business and technical knowledge to his role leading the Cutter Associates Data Management practice. Arnold advises Cutter clients on data governance and on data management tools, practices, and architecture. He also provides consultation on technology strategies, trading platforms and practices, portfolio management tools, and operational organization. Prior to joining Cutter Associates, Arnold worked for a number of industry firms including ITG, BlackRock, Charles River Development, Fidelity Investments, and State Street Global Advisors. His experience includes executive roles in sales, product management, project management, and development management. He has also worked as a solution and system architect, business analyst, and developer, giving him a deep understanding of investment management system usage and design. Arnold holds a B.S. in Physics from Clarkson University.