Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fund Firms Leave Advisors Short on Online Tools Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, March 28, 2006

Fund Firms Leave Advisors Short on Online Tools

by: Armie Margaret Lee

Mutual fund firms have not been arming their advisor networks with sufficient online practice management resources, a new report from Corporate Insight showed.

The New York-based research and consulting firm found that only half the firms it tracked provide their advisor base with adequate resources to carry out a more effective business strategy.

The report, entitled "Practice Management: Firms Fall Short, Fail to Address Back Office Issues," examined the Web sites of 14 firms and evaluated practice management resources using criteria such as accessibility/organization, topics addressed and types of materials.

The report found that of the 14 fund companies, four had no practice management materials on their site, while three had limited materials in place.

One explanation for this is that fund firms are placing so much focus on helping investors make the sale, neglecting the provision of online practice management tools in the process, said Alan Maginn, senior analyst for Corporate Insight's Mutual Fund Monitor-Advisor.

"Most firms do not offer delineated sections of their Web sites devoted explicitly to back-office management resources," Maginn said, pointing out that practice management tools are typically integrated within the context of larger business building or prospecting platforms.

Making things more confusing, Maginn said, was that some topics "traversed the line between front-and back-office issues."  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use