Boston, MA, December 14, 2005 – According to a new report by Aite Group, LLC, clients will be demanding more accountability, transparency, and service. Unfortunately for financial services, they are often not willing to pay much more for their demands. Instead, firms must be more creative in how they strike the balance between revenue acquisition and cost control.
According to Adam Honoré, Senior Analyst and co-author of the report, "While regulators are still in the car, institutional and retail customers are in the driver's seat for 2006 initiatives. However, capital markets firms are looking for alternative fuels to cut cost on their IT initiatives."
This is an 8-page Impact Note. Clients of Aite Group's Institutional Securities and Wealth Management services can download the report.