WILMINGTON, Del. -- Most plan sponsors believe their individual levels of technology prowess surpass that of their organizations, according to a survey done by Brandywine Asset Management Inc.
Fifty percent of plan sponsors rated their technical acumen as very proficient, while only 21% said the same of the organization for which they work.
The survey also showed more Brandywine clients are looking to technology to tackle their priorities. A total of 33% of clients of the Wilmington-based firm said they believed technology would help them achieve a better asset allocation, while 20% said they plan to use technology to achieve better performance/attribution monitoring this year.
And while most of the firm's clients will be using either software or the Internet for meeting their goals, the respondents are mixed as to whether they will get the opportunity to enhance their technology skills. A total of 42% said they had ample opportunity to improve their technological savvy, while 33% said they were self-directed, and another 20% said they were not given enough of a chance to improve their acumen.
The areas of improvement most respondents are looking into are in portfolio management systems (29%) and integrated administration software (21%).