Report

U.S. Vendor Management & Operations Outsourcing 2022

The Evolution of the Asset Manager Operating Model

Solve myriad challenges in institutional asset management

  • Uncover the asset management solutions that are being adopted by institutional asset managers to remain competitive
  • Discover how smaller asset managers with more limited budgets and resources can approach internal solutions to compete
  • Explore ways in which third-party service providers assist managers with limited resources and allow for smaller managers to attain scale

$20,000

Discounts available for bulk purchase

Report Institutional Service 2022 Detail

Buy Now

Mason Gillespie

Mason Gillespie

Senior Account Manager

Summary

Institutional relationships have grown more complex over the last 10 years and third-party providers have emerged to help solve myriad challenges in institutional asset management. Cerulli’s inaugural report on asset management solutions will focus on database providers, risk analytics, reporting, and other solutions that are being adopted by institutional asset managers to remain competitive. The report addresses how smaller asset managers with more limited budgets and resources can approach internal solutions to compete when compared to asset managers with trillions of dollars or more in assets under management. The report will also focus on third-party service providers, such as fund providers, outsourced chief compliance officers, and back-office outsourcing firms, that assist managers with limited resources and allow for smaller managers to attain scale.

Included with Purchase

Methodology

Methodology

Each report is lead authored by a senior Cerulli analyst with significant industry experience. The report incorporates qualitative and quantitative inputs, based on Cerulli’s proprietary research process. For more on our research process, click here.

Executive summary

Executive Summary

Get the most important report findings distilled in an easy-to-understand and highly visual format before you begin your journey through the report or use it as a tool for senior leadership.

Interactive report dashboard

Interactive Report Dashboard

Access consolidated data from multiple report exhibits in a single comparative view. Flexibly build your view of data with customizable filters and share the results in a format that meets your requirements.

Analyst support

Analyst Support

Got a question? Our analysts are available to help you interpret and analyze key findings as well as provide their perspective on industry trends.

Data

Data Behind the Report

Data is the foundation of our reports. Each study contains nearly 100 exhibits, available to buyers in Excel format. Extract and explore Cerulli’s data and analysis your way.

Digital

Digital Access

Access your reports digitally anytime, anywhere, on any device through our client portal.

A Note from the Author

Asset Managers Turn to Operational Outsourcing

James Tamposi, CFA

James Tamposi, CFA

Associate Director

Bio →

James Tamposi, CFA

James Tamposi, CFA

Associate Director

James (Jack) is the lead author of Cerulli’s North American Institutional Markets report and sets the agenda for Cerulli’s periodical Institutional Edge publication. Jack has led U.S. market entry strategy and U.S. institutional pricing optimization projects, supporting both foreign and domestic asset managers. During his time at Cerulli, he has contributed to reports across Cerulli’s suite of institutional research, focusing on topics such as insurance general accounts, outsourced chief investment officers, alternative investments, and U.S. subadvisory.

Prior to joining Cerulli, Jack worked as a Research Associate for Chatham Partners.

Full biography here.

As managers confront fee pressure, increased regulation, and fundamental factors that interrupt long-term sustainability (e.g., higher-than-normal turnover), they are increasingly outsourcing functions to third parties. According to our research, improving internal employee productivity (65%) and leveraging external capabilities (65%) are deemed the most significant outsourcing drivers. Managers look to firms that can specialize and build scale in a given task or function. Increasingly, managers seek to enhance efficiencies and fortify operational resilience by partnering with third parties. Hence, outsourcing is a governance play in addition to traditional cost motives.

One-third (33%) of asset managers surveyed by Cerulli outsource their entire back-office function and 20% outsource their entire middle-office function. Increasingly, Cerulli observes that outsourcing has become more accepted by the industry. Breakaway managers (or portfolio managers who break away from their current employers to start new firms) are employing an outsourced model starting on Day 1.

As managers evaluate the future state of their operating models, outsourcing will become increasingly important. Continue to explore asset managers’ use of third-party services providers and examine specific topics such as vendor risk management, relationship management, the selection process, and challenges with implementation in our latest report, U.S. Vendor Management & Operations Outsourcing 2022: The Evolution of the Asset Manager Operating Model.

Contact Us

Want More Information?

Learn more about this report and related Cerulli research.

Contact Us

You May Also be Interested in:

  • Annual report
  • The Cerulli Edge
  • Cerulli Lodestar
Consulting Page module Rocket 120820

Strategic Consulting & Custom Research

Cerulli Consulting

Understand where to allocate resources to achieve your objectives. We can help you determine which initiatives are likely to be successful and those that may not achieve the desired effect. In an increasingly competitive market, our objectivity and experience can help you to advance your firm’s unique strengths.

Learn More

We use cookies to improve your site experience, distinguish you from other users and support the marketing of our services. These cookies may store your personal information. By continuing to use our website, you agree to the storing of cookies on your device. For more information, please visit our Privacy Notice.