SimCorp has launched a Self-Assessment Center for mutual fund companies to participate in a benchmarking study against their peers to evaluate their growth-readiness as a firm.
"Contrary to popular opinion, firms are ramping up for growth. Mutual fund companies are emerging from the recession and increasingly focused on preparing themselves for growth," said David Kubersky, managing director of SimCorp North America.
"We're seeing firms actively looking to expand their product offerings, increase AUM and enter new markets. We developed the Self-Assessment Center to help mutual fund firms evaluate themselves against their peers to see how ready they are for growth."
The SimCorp Mutual Fund Self-Assessment tool, located at http://growth.simcorp.com , evaluates how firms are approaching a range of issues related to growth, including the likelihood of introducing new services and offerings; plans to enter new geographical markets over the next 12-24 months; expectations regarding the effects of regulatory and legislative requirements; capability of existing systems to support new funds or products; and level of automation in reporting capabilities.
After completing the 10-minute self-assessment, participants will receive a personalized report with a detailed analysis on their firm's growth readiness at both an operational and organizational level. In addition, SimCorp will provide respondents with ideas for value creation.
Kubersky noted: "The mutual fund industry is under pressure to demonstrate a commitment to improvement, transparency and consistency. We strongly encourage firms to take this opportunity to participate in the self-assessment because so much can be learned through benchmarking against one's peers. We believe firms will learn a great deal and find tremendous value in better understanding how the industry as a whole is shifting in preparation for growth. This is an important endeavor, and we hope firms will take advantage of the self-assessment tool."