Data excellence

In today’s world, data excellence is crucial for success – covering everything from data quality, to ESG and data utility, and client custodial data.

Data quality

Data is the lifeblood of wealth managers, especially in the cloud era. Powerful opportunities exist for making gains in deep, efficient personalisation. Significant investment is already in motion with data-driven and insight-led institutions pulling away from the pack. But there are still significant weaknesses.


Average rating for reliability, timeliness and accessibility of data in organisations

Even the best-rated firms – wealth managers and private banks – scored themselves just 68/100 and 67/100 respectively.

ESG and data utility

Firms often draw on a range of ESG ratings houses and other specialist data providers for insights and understanding. This can create significant data management challenges; no wonder many firms view their ESG approaches as works in progress.
Fortunately, technology comes to the rescue, with the trend towards ESG data utilities.

“This gives firms the ability to flex their approach in line with key use cases and accelerate the sophistication of their approach by building in AI analytics and counterparty data, for instance.”

Ian Woodhouse, Lead Wealth Management Transformation and Thought Leader for Europe, Accenture Wealth and Asset Management

Leveraging client custodial data

Fully leveraging custodial data can massively enhance the client experience because firms aren’t having to ask their clients for mountains of information.

“It can also be instrumental in improving client acquisition by plugging that investor’s entire financial picture into your CRM.”

Nassaan Noor, Alvarez & Marsal


Average self-score for leveraging client custodial data

Yet firms are often still receiving and managing data files in a range of non-standard formats, inevitably leading to manual patch work.

Read the full Tech & Ops Trends in Wealth Management report 2022 now

About SS&C Advent

With solutions that enable any or all elements of a fully digital operation, SS&C Advent can help you catch up and stay competitive. Our offering includes innovative decision support and construction tools, as well as expert-delivered operational services to ease the burden on middle and back offices. Many of our core solutions are now available as a managed service from Advent Outsourcing Services (AOS).

By continually investing in our platforms and functions we ensure we always deliver positive results for firms’ clients, people, businesses and futures.

SS&C Advent has helped over 4,000 investment firms in more than 50 countries grow their businesses and thrive. Gain investment clarity, simplify complexity and enable full firm digitisation with SS&C Advent.