Find out how funds are addressing common analyst turnover issues with VerityRMS.
One of the more common catalysts for reaching out to us at Verity is analyst turnover. It may not be thought of as a problem resolved with a modern research management system, but it is.
In this blog, we’ll address both scenarios and share how our customers address them with VerityRMS.
The pains of onboarding are largely matters of efficiency and scalability. A new analyst may need to sit down with analysts and PMs, learn the story verbally, and then explore a shared drive to see what’s there. Catching up this way takes time and creates a drag on other team members.
Granted, if you have a small team that works closely together, this may not be a hot-button issue yet. But customers report that onboarding — or even catching up existing analysts on old names — has completely changed since using VerityRMS.
A minimal degree of IP loss is expected when onboarding a new analyst. But when an analyst leaves to start up their own fund or join another fund and brings large amounts of research with them, the loss becomes far more concerning. One now-customer came to us after being burned by an analyst who downloaded and brought four years of research with them to their new employer.
VerityRMS provides piece of mind through formal safeguards. For example, you can set up alerts and notifications based on file download thresholds. So if an analyst downloads 50 or 100 files from the RMS, or any number deemed too high, the system provides managers with an alert. Similarly, once an analyst provides their notice, you can set a download limit to prevent them from attempting to bring their research elsewhere.
Onboarding analysts is a cost of doing business, but there is much you can do proactively to minimize knowledge loss and inefficiency. A modern research management system, like VerityRMS, has important features — along with many others — built in to keep your team moving forward.
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