One of the significant challenges for firms in the capital markets is the issue of account reconciliation. The underlying challenge is the fragmentation of responsibilities between investment managers and custodians. Investment managers have the responsibility for managing a portfolio of stocks and instructing brokers on which trades to make. The custodians are appointed to safeguard and keep track of the holdings. Continue reading
Every month I receive at least three to five pieces of investor communications from various companies and mutual funds that I own shares in. I don’t have time to read most of these communications so most of them end up in my recycling bin. I’m quite certain that I have gone online to request that I receive only electronic communications for investor relations materials. However, I must not have clicked a box somewhere because I cannot seem to get them to stop being mailed. I should really try harder to track down the source of these printed materials to request electronic delivery.