Research conducted by consultants Quidnunc indicates that small-to-medium-size asset management companies offer more sophisticated online portfolio tools, such as wireless access and data export capability, than do large-size firms.
Smaller firms are more likely to allow clients to download portfolio data into another software package, like excel (83% of small-to-medium-size firms vs. 40% of larger companies); provide third-party access (100% vs. 80% of large-size firms); and offer wireless services (17% of small-to-medium-size firms vs. 0% of large-size firms).
Quidnunc categorises small-to-medium-size asset management companies as having EUR5.8 billion - EUR11.6 billion of assets under management. The research was conducted among 20 UK investment managers.
Overall, the study found that smaller firms (60%) are as likely to offer high-net worth individuals (HNWI) online portfolio access as large firms (50%).
Small-to-medium sized firms were also found to be leading the way in the delivery of more advanced transactional Web services, including account aggregation and wireless access.