PALM BEACH, Fla. – Facing renewed pressure to cut fees amid already razor-thin margins, the record-keeping business is doing all it can to streamline what it does.
Just how best to move forward in accomplishing that was the topic of one of the panel discussions Monday at the 2013 Society of Professional Asset-Managers and Record Keepers meeting.
The push represents yet another overhaul of the industry, a shift designed to wring new efficiencies out of a business that spent years trying to scale up but found itself trying to do too much with too little.
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