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  • Rob Carter
    Rob Carter

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    Introducing the AlgoMe Career Satisfaction Benchmark Report

    At AlgoMe, we’re very well acquainted with the Asset Management, Fintech and the wider Financial Services industries.  We understand how dynamic and exciting these areas are to work in and conversely, how the challenging factors such as regulation, Brexit and technology are creating new pressure points.

     

    According to The Investment Association there are currently 93,500 people employed in activities related either directly or indirectly to asset management – this is a significant community. The asset management industry alone directly employs 37,700 individuals at the end of 2016.

     

    More than ever before, professionals and organisations need to be working at peak performance; which means sustaining a productive and stable workforce. We asked ourselves, where are we right now? What are professionals thinking and how does this stack up against what they are experiencing at work?

     

    In order to uncover a true picture of where we are now, and how to overcome the challenges we all face, we undertook some extensive research and have just published the AlgoMe Career Satisfaction Benchmark Report.

     

    The report is a pulse check when it comes to working goals, ideals and motivation. The results have proved what we have been suspecting for a while – the workforce is changing and there are already fundamental gaps in expectations between employees and their employers.

     

    The report supports professionals and companies by helping them to understand how to manage their roles and ambitions successfully – especially when it comes to identifying needs and weak spots. Please enjoy the read and feel free to share this with your colleagues and HR.

     

    The AlgoMe Career Satisfaction Benchmark Survey is now out – download it now for great insights and advice



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  • Our picks

    • I've been trying to track down details on that statement from the CBI, but I'm not sure they elaborated on what the "unintended consequences" could be - I assume one could be wage inflation due to reduction in the negotiation advantage of the employer.
       
      Whether this is a bad thing is debatable when (by some measures) wage growth has been stagnant in the UK for longer than any time since the Napoleonic wars..
       
      Reality Check: Is pay growth the worst since Napoleon?
      WWW.BBC.CO.UK Reality Check examines the claim that real-wage growth is at its worst since the 18th Century.  
    • How do we solve the the Asset Management industry issues of today and tomorrow?
       
      We think we might just have the answer.
       
      When we created AlgoMe, we set out to empower professionals so they can manage their careers through technology, data and industry insight. With our career management platform, we‘ve delivered this but we know there‘s much more to be done.
       
      The Asset Management industry is in a state of flux. Right now lower fees, higher costs, new technology and increasing regulation, along with changes to the workforce, mean we need access to technology, data and industry insight more than ever before. This is why we‘re taking an exciting step by opening AlgoMe Community, the place that brings the Asset Management industry together to drive open conversation and essential innovation.
       
      AlgoMe Community is a members-only community exclusive to the industry and associated professions.
       
      Membership is free, members are verified and use their own names to create a profile – here are the key benefits:
       
      1. A community for Asset Management
      We have created a standalone space for asset managers meaning discussions and groups are centred around highly relevant areas and get to the heart of issues quickly. We will also be hosting regular events both online and offline to address industry challenges and help our members drive the agenda.
       
      2. Keep your finger on the pulse
      Not sure about Brexit or SMCR? Want to know what the latest research on AI is? The AlgoMe Community gives you direct access to all of these discussions. AlgoMe is working with a number of partner organisations to bring you the latest thought leadership, insights, blog posts and white papers to keep you abreast of the latest trends in Asset Management.
       
      3. Grow Your connections outside of your existing network
      There are a lot of bright minds out there. Over 40,000* people are currently working within the Asset Management industry according to the Investment Association. This number is likely to be 200k+ across Europe with the firms and organisations that make up Asset Management ecosystem. That’s a lot of new connections to make.
       
      4. Grow your personal brand
      Building your personal brand is critical to a successful career. AlgoMe Community gives you a platform to build your credibility and authority among your peers. It’s also easy to start your own blog to get ideas a wider audience and build up a following of other members.
       
      Join AlgoMe Community for free today and connect with the Asset Management industry.
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      • 0 replies
    • Revolt announced it will be offering ETFs to its customers....
      http://igniteseurope.com/c/2090843/247783/revolut_offering_bound_appeal_investors?referrer_module=emailMorningNews&module_order=3&code=WTI5c2FXNHVibWRBWVd4bmIyMWxMbU52YlN3Z01UQTROemN5TURRc0lERXlNVFV4TkRjMk5EWT0
      • 2 replies
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    Join the community connecting the Investment Management industry and get access to insights, discussions and events.

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    • Ben Cole
      By Ben Cole
      Positive news in relation to delegation:
       
      Europe’s markets watchdog is finalising its preparations for co-operation agreements to be put into place in the event of a no-deal Brexit.
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      “It is of the utmost importance for us to prepare for that. We have prepared for this for a long period of time,” he says.
      Esma’s statement will provide reassurance to UK managers relying on delegation.
      Last month the UK government released a technical notice on a no-deal Brexit, which said delegation would likely continue in such a scenario.
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      Nick Miller, head of asset management at the Financial Conduct Authority, adds that the UK financial regulator is “fully prepared” to sign co-operation agreements with other regulators.
      Mr Miller says that if EU27 regulators are unwilling to sign co-operation agreements “nobody has told [the FCA]” of that fact.
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      Mr Navid says Esma is carrying out “intensive systematic analysis” of the likelihood of a no-deal Brexit and how to mitigate against a “cliff-edge scenario”.
      “We would ask market participants to be very prudent with their planning and have the contingency planning in place to make sure both sides are prepared for all scenarios,” he says.
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      “I do not expect that, from day one of Brexit, everything will break down in that sense because we do not speak for the time being about an equivalent regime.”
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    • Andy Milner
      By Andy Milner
      An interesting article from the New York Times on the importance of mentoring. It highlights the fact that having a mentor is less common than it used to be, which reflects AlgoMe's view due to the move away from traditional career structures and ladders.
       
      Why Mentoring Matters, and How to Get Started - The New York Times
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    • Luuk Jacobs
      By Luuk Jacobs
      AlgoMe is a relatively newly launched concept so we were delighted to be named as one of the top 10 Wealthech stories in 2017 by Banking Technology Magazine last month. We hope to bag similar accolades in 2018 which means Rob and I, along with the rest of the team, are working extra hard to achieve that.
       
      In a busy few months since our go live last July, we’ve continued to evolve the platform and optimise it. True to our promise, we’ve matched mentors with mentees and vice versa. We’ve also made successful career matches for professionals with roles which suit them in companies they really want to work in.
       
      Recently we made it even easier for the growing AlgoMe user-base to manage their careers on the go with the launch of our mobile apps available now for iOS and Android too.
       
      As 2018 unfolds, we are reaching out to companies across the City to give AlgoMe demos and share some interesting insights in employment trends and skills. If you would like us to come and give you the AlgoMe demo and find out how we can work with your HR departments, project leader and teams and to get the best talent, please do get in touch with me using this email [email protected]
       
      You can watch this video to find out more about AlgoMe and why we created this start-up which is set to challenge industry conventions and create career mobility in Asset Management, Fintech and the wider Financial Services industry. 
       
       
      This shorter video takes you through the platform and how to sign up to AlgoMe.
       
       
      The AlgoMe app is available to download on iTunes here or Google Play here.
       
      For those of you who want to get inside the industry mindset, do check out the AlgoMe Career Satisfaction Benchmark Survey. You can download it now for great insights and advice.
       
      The report supports professionals and companies by helping them to understand how to manage their roles and ambitions successfully – especially when it comes to identifying needs and weak spots. Please enjoy the read and feel free to share this with your colleagues and HR.
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