Agile Software in the Era of Client-centric Functionality
The adoption of e-commerce business models among asset management and wealth management firms in an effort to provide clients with access to electronically-traded markets for a variety of different types of securities is creating a new frontier for client market share competition. In 2012, the top-20 largest asset management firms globally controlled 28% of the total funds under management worldwide, typically by growing passive fund management, e-commerce-centric business models. This reality left many small-to-medium-sized active fund management firms facing new challenges to their ability to compete with larger rivals by dynamically picking stocks or balancing portfolio weightings.