Product approval and review processes

Increasing customer focus and changing regulation require asset managers to maintain a sound product approval process.

AF Advisors has implemented thorough but operationally efficient product approval processes in asset management organizations. We can also assist asset managers in the review process of the product range. We believe this should be done on a structural basis and should be based on factors like cash flows, performance, costs, operational impact and financial risks. The performance of the products on these aspects is important to judge relative to competing products.

Credentials

  • Designed the product
    approval process of
    multiple asset managers
  • Reviewed the product
    approval process of
    banks and insurers
  • Reviewed the product
    range of asset managers

Design of product management department

Product management departments often play a key role in every phase of the life cycle of investment products.

The product managers should enhance innovation and product development. At the same time they should closely watch the fit of the product range with client needs. The structure and staffing should also facilitate interaction and cooperation between portfolio managers, risk management, marketing & sales, legal & compliance and operations. AF Advisors has assisted multiple asset managers in (re)designing and implementing product management departments.

Credentials

  • Redesigned the product
    management department
    of asset managers
  • Benchmarked product
    management departments

Activity based costing

Margins for asset managers face pressure due to increased levels of competition and more professional fund- and manager selection by investors.

To evaluate the cost efficiency of an asset manager it is required to have detailed knowledge of the processes within an asset manager. Benchmarking and assigning costs to products is nearly impossible without this in depth knowledge. The AF Advisors consultants have worked at asset managers and have hands-on knowledge of the asset management processes. AF Advisors can assist asset managers in designing and implementing an effective low maintenance activity-based costing methodology that gives management insights into cost efficiency and competitiveness of product and departments. The AF Advisors consultants have worked at asset managers and have hands-on knowledge of the asset management processes.

Credentials

  • Assisted several asset managers
    in designing and implementing
    an effective activity-based
    costing methodology