Report: Why Leading Institutional Firms Are Outsourcing Class Action Services

Jenn Rothenberg
January 13, 2025

The Outsourcing Imperative

Buy or build? It’s an age-old business question that institutional investors continue asking themselves. With more priorities shifting onto operations and legal departments, some of the market’s largest players are using external partners to optimize their recovery programs.

Financial Recovery Technologies (FRT) today powers class action recovery solutions for more than 2,500 global institutions, including three of the top five asset managers and four of the top five asset owners. These institutions have traded expensive and limited in-house programs for robust offerings that free up resources for other strategic initiatives and establish class actions as an area of strength.

In our experience, global asset managers and asset owners are shifting class action recovery solutions onto a trusted third party, with an emphasis on:

  • Providing a comprehensive solution
  • Improving operational focus
  • Mitigating fiduciary risks
  • Maximizing recoveries

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.

ABOUT FINANCIAL RECOVERY TECHNOLOGIES
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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.