Investment technology is usually discussed in terms of features, performance and innovation. But beneath the technology lies a more fundamental set of questions: who controls the infrastructure, who benefits from it, who pays for it, and what should technology ultimately do for the investor?
In this CEO Series of articles, PoMaTo Founder & CEO Fabio Agostini examines the structure and economics of modern investment technology, the ideas pioneered by Barr Rosenberg, and the growing complexity that has developed around the investment process.
The series explores why technology is never entirely neutral, how layers of infrastructure and intermediation ultimately affect the saver, and why the next generation of investment platforms should be designed differently.
It concludes with the thinking behind PoMaTo: not another layer in the investment technology stack, but an attempt to simplify it, carrying forward the principle that sophisticated investment technology should make better investment processes more accessible, transparent and efficient.
Why genuine transformation in investment technology is ultimately a question of governance, incentives and organisational design.
Why the enduring legacy is not a model, but an operating philosophy built around one connected investment process.
How layers of investment infrastructure and intermediation create costs that ultimately flow back to the saver.
Why investment technology should simplify the infrastructure stack rather than add another layer of cost and complexity.
How the principles of integrated investment management can be carried forward using the technology available today.
The principles behind PoMaTo and a vision for investment technology that is simpler, more transparent and more accessible.