DTCC upgrades managed accounts, tech spending grows and regulators argue over encryption
Despite the recession — and in some quarters talk of a depression — technology spending continues to rise, because advisers recognize that revamped systems remain key to reduced costs and fatter profits.
For instance, one anticipated service from the Depository Trust and Clearing Corp. of New York automates the account setup and maintenance of managed accounts — which eliminate the headaches of manual processing.
Because there are so many technology choices, developing a strategy can be a pro
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