The Largest Investment Management Firms Gain Clarity Via a Structured Approach to The Build vs. Buy Decision Process
Los Angeles, New York & Boston, December 14, 2007 – InvestTech Systems Consulting, Inc., the leading IT and operations consultancy for institutional investors today released details of their build vs. buy methodology that has been used successfully with a dozen firms, most recently on behalf of one of the world’s largest investment management firms. The framework for the analysis follows ten integral principals and InvestTech has developed detailed analyses and key success factors within each of these areas:
- Take a Structured Approach to Strategic Planning
- Design a Strategic Technology Plan with Business Sponsorship
- Be Aware of Strategic, Industry & Peer Group Developments
- Do the Impact Analysis and Careful Resource Assessment
- Be Selective About Your Centers of Excellence
- Right-size Your Technology Strategy
- Build as a Last Resort (Assess The Overall Uniqueness of the Requirements)
- Selective Outsourcing is Here But is a Work In Progress
- Data Management is Key to a Successful Architecture Strategy
- Get Busy with Report Services and Next-generation Tools
“With many institutional investment management firms reviewing how to best utilize their organizational resources, there is tremendous relevancy surrounding a structured approach to walk our clients through the process and arrive at the optimal course of action”, commented Bruce Vollert, Principal and co-founder of InvestTech Systems Consulting. Mr. Vollert went on to say that “InvestTech has guided a number of firms through this review and the process has yielded tremendous strategic insight for our clients”.
InvestTech’s involvement with such initiatives typically begins with one of these projects: a firm is in the process of developing a solution in-house and is deciding to expand the development effort or a firm is looking to implement a product that addresses a functional or automation gap. In either case, InvestTech’s detailed knowledge of application development, investment systems functionality and vendor product offerings is the perfect combination to bring clarity to this issue when firms are at the buy vs. build juncture.
About InvestTech
InvestTech Systems Consulting, Inc. provides IT and investment operations consultative services for institutional investors worldwide. Founded in 1993, InvestTech offers specialized expertise in the selection and implementation of technology solutions for securities trading, portfolio management, performance measurement and attribution, securities accounting and all other facets of the investment information process. InvestTech’s client base includes large buy-side global institutions such as mutual funds, investment advisors, insurance companies, non-profit organizations and financial institutions. Based in Los Angeles, CA, InvestTech has offices and consultants in Australia, Atlanta, Boston, Chicago, Houston, London, New York, San Francisco and Toronto. For more information, visit www.investtechsystems.com.
Contacts: Melissa Dowley +1 508 528 0568, dowley@investtechsystems.com