To an industry in change, Meradia delivers stability.
Change is a constant in the investment management industry, whether generated by competition, regulation, shareholder or client demand. As this industry continues to evolve, we help you navigate complex situations, and turn obstacles into opportunities.
It is too easy to forgo the hard work of sticking to the original vision for a data warehouse in the face of internal resource and time constraint challenges. The result is a shaky foundation that results in delays, unforeseen expenses and a failure to meet basic objectives. This article presents ten ideas for avoiding these prevalent pitfalls.Read More
Financial services firms dedicate vast amounts of resources (time, money, staff) to planning and executing conversions. In some cases, these are small conversions affecting one part of a small group's workflows. In many others, these are enterprise-wide conversions that will transform business processes and affect multiple key stakeholder groups. Regardless, without a plan for how to handle the inevitable problems, issues and challenges that arise after go-live, conversions and firms are doomed to fail. Meradia's Dan Stout outlines a battle-tested approach to ensuring conversion success: implementing a Post Go-Live Command Center.Read More
As the political, financial and social forces in Europe conspire to increase the odds of a EURO event, no longer is the world worried only about Greece’s possible exit. Contagion is a more significant risk. Moreover, much larger economies including Spain, Italy and even Germany, Europe’s economic engine, are in play.Read More
A sometimes underestimated and often underappreciated aspect of an implementation project concerns training. When an investment firm implements a new system, particularly one affecting a large number of staff, training is a key success factor. Without a plan to organize, coordinate and train the various groups, go-live success is at risk.
A large wealth manager engaged Meradia to lead the organization and coordination of training for a new enterprise-wide implementation. The firm tasked Meradia with a significant objective: arrange for the delivery of training to a global team, across multiple functional groups, and covering several different project phases.Read More
Meradia recently held a well-attended roundtable: a collaborative conversation on the topics of data management, data governance and data protection. In attendance were a variety of senior individuals with roles that included a chief data steward, performance and analytics SVP, risk management data SVP and a mutual fund operations manager. All of whom were from leading financial services firms in core banking, fund administration, investment banking, insurance and institutional asset management.Read More
Smart, client-focused firms recognize and understand the importance of providing responsive client service. Retaining clients is an essential business operation, and the failure to do so can result in long-ranging, devastating consequences that impede a company’s future success. Having consistent and accurate procedures helps these teams deliver effective, proactive client service. A global investment services firm approached Meradia to help it document current procedures covering the complete end-to-end functionality of its Performance group.Read More
Investment firms regularly undergo system conversions and implementations. Implementations that fail may carry significant reputational, operational or financial risk. While investment firms work hard to avoid or mitigate risk in the investment selection process, this risk focus is, at times, an afterthought when it comes to delivering projects.
A large wealth manager engaged Meradia to help it reset a key project that was in danger of failing. The firm needed Meradia to take control of several key project components, including data validation, gathering/writing business requirements and establishing effective communications with a vendor whose system was being implemented.Read More
Recently, we’ve observed a strong up-tick in activity around Multi-Asset Class (MAC) investment products and strategies. We see managers across the globe expanding current MAC offerings and introducing new ones, consequently generating demand for new support around analytic methodologies, data and technology.
This series explores our view of the MAC phenomenon in depth, from origins to solutions. In this first of three installments, we look at market and industry trends that seem to be driving the evolution of MAC toward more sophisticated strategies and methods.Read More
Without strong project management and leadership, systems implementations have a greater risk of failure. A global investment firm was trying to implement a third-party system and experiencing project challenges, resulting in missed deadlines, deliverables and go-live dates. The firm engaged Meradia to assume a leadership role in the project by taking control of the vendor relationship and course correcting a shaky project.Read More
The only thing more powerful than money, is information. What happens when that information is money? Financial data flows become increasingly sophisticated and complex with each passing day. Clients want to see accurate and timely reporting of billions of dollars (in terms of market value). To stay competitive financial service providers need to ensure enriched and properly mapped data, from a wide variety of service providers, is reported in a timely matter.Read More
Progressive wealth management firms recognize that the complete investment process involves multiple systems, data types and workflows supporting multiple front and middle office groups, and that gaining efficiencies can improve client service and business intelligence. Understanding the operational interdependencies between systems, processes and teams, and developing an effective solution that produces operating efficiencies requires deep knowledge of front and middle office operations. A wealth management firm engaged Meradia to review its systems, processes and data, and create and implement a solution to drive gains in operating efficiency.Read More
While the prime objective of active asset management firms is the search for alpha, important questions arise: How does one measure alpha, identify levers that contribute to alpha and define a consistent process? In simpler terms, these could be viewed as return computation, performance attribution and systemic automation of the investment performance process respectively.Read More