The High Cost of Resource Mismatching 

The investment management industry is dependent upon technology and on the practitioners in the industry who both understand the industry and have a command of those technologies. Projects around those technologies are quite complex, especially when it comes to planning and resource allocation. One of the most significant challenges is matching human resources to the hundreds of tasks in the project. A mismatch of the resources to the knowledge, skills, and experience the project needs inevitably leads to waste, re-work, and delays in the project timeline. 

The SEC recently announced that they imposed a dramatic 40% increase in penalties from FY21 to FY22. This year's penalties mark highest in the last five years. Investment Advisors / Investment Companies faced 23% of the enforcement actions, the most of any Primary Classification. (https://www.sec.gov/files/fy22-enforcement-statistics.pdf )