Blog

Olmstead Sponsors EDM Council Boston Member Brief
Olmstead is pleased to be a sponsor of the Boston Member Brief for the EDM Council on June 22, 2017.  Olmstead's Scott Knous will be speaking about BuySide industry trends for data standards and challenges.  "The EDM Council has been making great strides with regards to educating the industry on their Financial Information Business Ontology (FIBO), and we expect the value to increase as more adopt FIBO", said Knous.  Meeting attendees will also...

Enhanced ROI When Meeting New Regulatory Requirements
"Firms can take advantage of regulatory compliance deadlines to elevate their Enterprise Data Management capabilities,” said Scott Knous, Data Management Practice Leader of Olmstead Associates. “As part of their RegTech journey, and with minimal incremental effort, firms are able to streamline their overall data architecture, enhancing the quality of data, while establishing solid governance policies. By approaching RegTech in the context of...

Do You Have A Data-Centric Organization?
There has never been any greater need for Investment Management firms to optimize the management, delivery and reporting of their enterprise data. Firms are being driven to reconsider their business models and adapt architectures and IT systems to accommodate several new factors affecting the industry.  All these factors, be it product innovation, the shift to passive, new regulations, raised client service expectations, or fee compression, converge on one thing...

CIO Roundtable Boston
Scott Knous, Data Management Lead at Olmstead Associates, spoke on the topic Achieving A Data-Centric Organization at a recent gathering of information professionals hosted by the CIO Roundtable Boston. Attendees were comprised of data and information leaders from some of the largest and most prestigious asset management firms. “The first step to determining how to achieve a data-centric organization is to first get everyone to agree what a data-centric...

Agile - Keys to Successful Organizational Adoption
The focus on driving efficiency and speed into development processes is leading firms to flock towards Agile development processes. For firms that have historically operated using waterfall methodology the change is siginficant and requires much more than new tools and processes to ensure success.  Olmstead's consultants have experiences across disparate process approaches and organizational cultures.  We've seen the good, the bad and the ugly.  Based...

A small investment in business architecture provides a blueprint for change
Are you investing in new products, markets, servicing models, & distribution channels?   Are Business & IT strategically aligned?   Does your firm struggle with unintended consequences of technology and operational change, including outsourcing? Are you having difficulty identifying the high impact efficiency opportunities? Do you scramble when asked about corresponding controls and data lineage? A relatively small investment...

Asset Management Hot Technology Vendors = Hard to Find Application Expertise
Following the reactionary period that ensued from the financial crisis and subsequent regulatory onslaught, the asset management industry has been ramping up its strategic spend on growth initiatives –   be it on new products, global markets, distribution channels, client servicing approaches, or operations models.  This has resulted in a spike in software upgrades, consolidations, and replacements.  This trend has spawned another...

Insights from Technology and Operations Track - TSAM NYC
Olmstead Associates played a significant role at TSAM NYC both moderating the opening panels as well as chairing the Technology and Operations track.  The diversity and depth of experience panelists and presenters brought to the program was exceptional and interaction with the audience rounded the experience.  Those who sat in the sessions had the pleasure of hearing best practices, pitfalls, and real experiences of firms who have embarked on significant change...

Client Reporting: Realizing Your Project Potential Means Learning These 10 Lessons
Client reporting has been a top priority across asset management, wealth management and insurance firms since 2013 and shows no signs of falling off the list. Our experience collaborating with our clients spans these industries and the software and service providers who deliver solutions. Regardless of industry, firm size or geography the following 10 lessons learned apply. Current reports should be viewed as guidelines, not as hard requirements. Your future requirements...

Ready to Partner with that Vendor?
You've looked at your needs, looked at the vendor landscape and you're ready to pull the trigger.  Before you do so, take a step back and consider the current and future organizational fit.  The solution with the best functional capabilities is not necessarily the right choice for your business.  Sure they need to be able to meet your needs, but it is more important that they partner to make you successful.  That means a successful implementation and an...

ABOR, IBOR, MBOR, Etc. - BORed With Acronyms?
If you have been keeping up with trends within securities industry operations and technology you have probably encountered the newest growing set of acronyms, all of which revolve around BOR or Book of Records.  These BORing acronyms are just another way of trying to address a question that the industry has been grappling with for many years without success: Is the total position for each security known both across the firm and within each individual account that holds...