Even a perfect culture match doesn’t necessarily translate to a smooth system transition. Performance conversions, validations, and process migrations aren’t sexy, but they’re crucial to the success of these deals. Partnering with an experienced consultant that’s converted over $1T in assets (including alternatives) is a great way to reduce the burden and strain on your internal resources.
There's No Such Thing as Seamless M&A
There's No Such Thing as Seamless M&A
Even a perfect culture match doesn’t necessarily translate to a smooth system transition. Performance conversions, validations, and process migrations aren’t sexy, but they’re crucial to the success of these deals. Partnering with an experienced consultant that’s converted over $1T in assets (including alternatives) is a great way to reduce the burden and strain on your internal resources.
Growth through Acquisitions
Let’s say you have an aggressive growth strategy that involves acquiring smaller wealth managers and RIA practices to expand your assets under management. Integrating the technology stacks and investment data from these acquisitions is a huge operational lift. There’s simply not enough internal bandwidth or expertise to handle complex transaction conversions while still maintaining business operations as usual.
Compliance & Data Integrity
Wealth management is obviously a highly regulated industry where data integrity is paramount. Having clean, auditable transaction histories and holdings records is essential for meeting compliance obligations and providing accurate reporting to your clients. You can’t afford any data corruption or unexplainable performance returns after the dust has settled.
Scalable Processes
As your M&A activity ramps up, wouldn’t it be nice to have a standardized, repeatable playbook for technology integrations rather than scrambling with ad-hoc approaches each time? A partner that lives and breathes these types of projects can provide battle-tested frameworks to make your conversion operations scalable.
Growth through Acquisitions
Let’s say you have an aggressive growth strategy that involves acquiring smaller wealth managers and RIA practices to expand your assets under management. Integrating the technology stacks and investment data from these acquisitions is a huge operational lift. There’s simply not enough internal bandwidth or expertise to handle complex transaction conversions while still maintaining business operations as usual.
Compliance & Data Integrity
Wealth management is obviously a highly regulated industry where data integrity is paramount. Having clean, auditable transaction histories and holdings records is essential for meeting compliance obligations and providing accurate reporting to your clients. You can’t afford any data corruption or unexplainable performance returns after the dust has settled.
Scalable Processes
As your M&A activity ramps up, wouldn’t it be nice to have a standardized, repeatable playbook for technology integrations rather than scrambling with ad-hoc approaches each time? A partner that lives and breathes these types of projects can provide battle-tested frameworks to make your conversion operations scalable.
Cost Optimization
If you’ve been burned by conversions that were delayed or went over budget, a specialized firm can bring accountability and proven methods to optimize costs by reducing inefficiencies, addressing mistakes that need re-worked, and providing unified project management across IT, operations and investment teams.
Vendor Relationships
Establishing and maintaining fruitful relationships with industry vendors is difficult and time-consuming. Having access to an already well-connected consulting team can not only expand your potential acquisition options, but also help to streamline the entire conversion process.
Client Experience
At the end of the day, your biggest priority is providing a seamless, uninterrupted experience for your clients during M&A transitions. Data conversion snafus that disrupt daily operations like reporting, trading, billing and more are unacceptable.
Cost Optimization
If you’ve been burned by conversions that were delayed or went over budget, a specialized firm can bring accountability and proven methods to optimize costs by reducing inefficiencies, addressing mistakes that need re-worked, and providing unified project management across IT, operations and investment teams.
Vendor Relationships
Establishing and maintaining fruitful relationships with industry vendors is difficult and time-consuming. Having access to an already well-connected consulting team can not only expand your potential acquisition options, but also help to streamline the entire conversion process.
Client Experience
At the end of the day, your biggest priority is providing a seamless, uninterrupted experience for your clients during M&A transitions. Data conversion snafus that disrupt daily operations like reporting, trading, billing and more are unacceptable.
How does your tech stack up?
How does your tech stack up?
