Client Reporting Can Help Asset Managers & Owners Too

Core Insights - The report from FactSet emphasizes that robust reporting can provide a competitive advantage for asset managers and asset owners, moving beyond conventional reporting efforts [3][5][6] Group 1: Current State of Reporting - Asset management firms face increasing pressure to deliver high-quality, detailed, and timely data, with clients and regulators demanding comprehensive insights into investment exposure, risk management, and performance attribution [5][6] - The research indicates that only 12% of respondents believe their current reporting meets all client needs, while 36% rate their capabilities as average or poor, highlighting significant dissatisfaction [8][6] Group 2: Challenges in Reporting - Outdated legacy systems hinder progress towards robust reporting, as many firms still rely on antiquated processes designed for printed reports, making adaptation to digital demands difficult [5][8] - Primary hurdles in data integration stem from disparate data sources and ongoing issues with data quality and consistency, which organizations must address to improve reporting capabilities [9][10] Group 3: Strategies for Improvement - The report outlines five strategies for asset managers and owners to enhance their reporting capabilities: 1. Understand client needs and deliver value [11] 2. Ensure data consistency, accuracy, and management [11] 3. Leverage digital tools for personalized client experiences [11] 4. Streamline workflows and adopt automation [11] 5. Develop a clear vendor strategy for scalable technology [11]