Report: Why Leading Custodians Are Outsourcing Class Action Services

Alec Shirkey
Alec Shirkey
November 4, 2024
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Founded in 2008, Financial Recovery Technologies (FRT) is a leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to www.frtservices.com.

 

This communication and the content found by following any link herein are being provided to you by Financial Recovery Technologies (FRT) for informational purposes only and does not constitute advice. All material presented herein is believed to be reliable but FRT makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Opinions expressed in this communication may change without prior notice. Firms should always seek legal and financial advice specific to their unique situation and objectives.

The Outsourcing Imperative

Buy or build? Custody providers are asking themselves this age-old business question as clients demand an ever-growing suite of services. As more of these expected offerings fall outside of a custodian’s core competencies, some of the market’s largest players are using trusted partners to deliver a more robust solution for North American and global settled class actions.

Financial Recovery Technologies (FRT) powers class action recovery solutions for three of the five largest global custodians and their clients. These institutions have traded expensive and limited in-house programs for complete offerings that establish class actions as an area of strength – rather than just another low-visibility custody product.  

In our experience, custodians making this investment are able to:

  • Offer a more comprehensive class action solution
  • Improve their operational efficiency
  • Mitigate service delivery risks
  • Out-innovate competitors

FRT has published a special report exploring these trends in the custody market, which we have made available to prospective clients below. If you are interested in discussing further, please contact our team at learnmore@frtservices.com.

Additional Reading:


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