Oakbrook Solutions

In reviewing Advent’s latest software release, it appears that the product gives us a glimpse of things to come. Cloud computing, workflow enablement, management dashboarding, etc.

However, for a legacy Advent Axys client, installing this product could be like drinking from a fire hose. That said, the functionality being delivered is most definitely needed to compete in the wealth management industry today.

Advent Software Introduces Major Release of Its Platform for Asset and Wealth Management Firms Worldwide

Press Release Copyright: Advent Software, Inc.

What do you think?  Is this the path to the future?

Contributing author: Craig Cook, President

The SEC is considering requiring that money market funds be priced daily and not fixed at $1.00.

What does this mean to the trust and securities industry?  Plenty.

Most legacy applications that support money market funds processing are hardwired with the assumption that these funds will always be priced at $1.00. Some things to consider: client statements, cash projections and sweep processing, and dividend and interest payments.

The end game potentially is that money market funds require processing just like a mutual fund which could increase their overall cost of operation.

Stay tuned.

Contributing author: Craig Cook, President

The phrase  “systems integration project ” still strikes fear in the heart of many a CIO. Given some past experiences this is understandable. With the introduction of web-based – hosted applications with varied, cheap, and easy to use software, the ability to avoid integration projects may be impossible.

The amount of software and functionality being delivered via the web is continuing to change the client expectations. Here are just a few examples that are industry changers:

-          Mobile applications

-          BPM (Business Process Management)

-          Social Media

Just the thought of taking existing legacy applications, developing strategies, building tactical plans, and implementing any of the above seems like a daunting task. But that is exactly what may be expected going forward. Unless the legacy data can be made available and integrated with the new software paradigm, the positive impacts to the business and clients will remain elusive. At Oakbrook, we are committed to supporting our clients efforts to embrace and leverage new software via successful integration efforts.

Contributing author: Craig Cook, President