Consider these 6 reasons when changing financial service providers:
- A single-source provider
67% of managers prefer single-source solutions from partners who can meet all their needs.
- Global scalability
The best partners can scale globally and adapt to different countries’ regulations, taxes, funds, and cultures. The challenge is to scale with consistent service in diverse territories.
- Rigorous compliance and governance processes
The demand to demonstrate robust compliance and cybersecurity processes have become more intensive each year. The best providers should be able to demonstrate explicitly the strength of internal oversight measures and a business-wide culture of compliance.
- Technological advancements
New technology is a key selection factor. Providers should show they can meet the new demands of investment reporting and data transfer, with reliable systems and cybersecurity. They should also offer transparent and value-added services to investors.
- Range of corporate secretarial, foreign exchange, and banking solutions
Any modern financial services provider should offer a comprehensive range of corporate secretarial, statutory compliance, foreign exchange, and bank account management services.
- Multi-jurisdictional presence
It is increasingly important for asset managers to count on their service provider’s presence, local expertise, and wisdom gained from operating locally across multiple countries.