|By Marketwired .||
|July 7, 2014 08:03 AM EDT||
LONDON, ENGLAND -- (Marketwired) -- 07/07/14 -- A correction from source is being issued with respect to the World Finance press release that was disseminated on Friday, July 4, 2014 at 9:24 am EST. This new release, entitled "World Finance Examines Major Transformations in the Investment Management Industry", replaces Friday's release, entitled "World Finance Examines Major Transformations in the Wealth Management Industry". The corrected release follows.
The investment management industry is acclimatising to a much-changed marketplace and assuming a more sustainable shape. Spearheaded by some of the sector's more innovative names, investment management is an industry transformed, and one worthy of recognition in this year's World Finance Investment Management Awards 2014.
Companies are becoming more selective about who they bring on board, assets under management are on the up, and technology is playing an increasingly important part in meeting client expectations and in negotiating regulatory pressures. These are just a few of the challenges facing investment management companies, and only a handful of the qualities shared amongst the winners of World Finance's Investment Management Awards.
Taking into account performance and achievements over the past 12 months, World Finance has selected the companies that have dealt with the difficult task of streamlining the traditional operating model, whilst at the same time improving client engagement and personal service. "Greater transparency on fee and performance is resulting in a fairly fundamental shift in client expectations, and therefore their wealth managers," says Daniel Diemers, Partner at Strategy&'s Financial Services practice in Europe and the Middle East.
The investment management industry has also been enlivened by a number of new, technologically savvy companies. "The new players are also better at putting clients in control of their portfolios and helping clients co-create their propositions rather than being offered the standard two or three propositions. These new players are often able to offer better price points due to a more nimble and technology enabled operating model," says Sid Azad, Financial Services expert at the Strategy&'s London office.
For a look at the winners of 2014's Investment Management Awards, see the July-August issue of World Finance, available online and in print now.
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