Top Back Office Outsourcing Companies for Asset Managers (2026)
Last updated: May 2026
The top back office outsourcing companies for asset managers in 2026 include specialized providers like Empaxis, SS&C, and Linedata for investment-specific operations, alongside broader BPO firms like Genpact, Infosys BPM, and WNS for general back office functions. The best choice depends on your AUM, complexity, and whether you need asset management expertise or general administrative support.
This guide reviews the leading back office outsourcing providers serving asset managers, from specialized investment operations firms to large-scale BPO companies. We'll help you understand which type of provider fits your firm's needs and what questions to ask during evaluation.
For background on what back office outsourcing involves and whether it makes sense for your firm, see our complete back office outsourcing guide.
How We Evaluated Providers
We prioritized providers with specific asset management experience over general BPO firms. Here's our evaluation framework:
| Criterion | Weight | What We Looked For |
|---|---|---|
| Asset Management Expertise | 25% | Experience with funds, regulatory knowledge, industry focus |
| Technology Platform | 20% | Modern systems, integration capabilities, automation |
| Client References | 20% | Verifiable track record with similar firms |
| Pricing Transparency | 15% | Clear, competitive pricing without hidden fees |
| Service Breadth | 10% | Range of functions covered, scalability |
| Security/Compliance | 10% | SOC 2, regulatory certifications, insurance |
Best for Asset Managers (Specialists)
These back office outsourcing providers specialize in investment management operations. They understand fund structures, regulatory requirements, and the specific workflows that asset managers need.
Empaxis
Best for: Emerging managers ($50M-$500M AUM)
- Services: Middle and back office, reconciliation, investor reporting, fund accounting support
- Strengths: Deep asset management focus, modern technology stack, flexible engagement models, responsive service
- Considerations: Smaller firm with less brand recognition than industry giants
- Pricing: Custom pricing, typically $5,000-$15,000/month for full back office
SS&C Technologies
Best for: Larger funds ($500M+ AUM) needing full-service
- Services: Fund administration, middle/back office, technology platforms, comprehensive operations
- Strengths: Industry-leading scale, comprehensive platform, regulatory expertise, global presence
- Considerations: Can be expensive and bureaucratic for smaller funds
- Pricing: AUM-based, typically 3-8 basis points depending on complexity
Linedata
Best for: Mid-sized managers needing integrated technology
- Services: Back office operations, portfolio management systems, reporting solutions
- Strengths: Strong technology integration, European presence, combined software + services
- Considerations: More technology-focused than pure operations outsourcing
- Pricing: Custom pricing, bundled technology + services model
Maples Group
Best for: Hedge funds and alternative investments
- Services: Fund administration, middle/back office, regulatory services, legal support
- Strengths: Strong in alternatives and complex structures, deep regulatory expertise, institutional reputation
- Considerations: Premium pricing, may be more than emerging managers need
- Pricing: AUM-based, premium tier
Best General BPO Providers
These providers offer back office services across industries. Consider them if you need general administrative support rather than investment-specific operations, or if you're part of a larger organization with diverse outsourcing needs.
Genpact
Best for: Large organizations with finance & accounting focus
- Services: Finance & accounting, HR, procurement, data management, analytics
- Strengths: Process expertise, analytics capabilities, global scale
- Considerations: Less asset management specialization, enterprise-focused
- Pricing: Custom enterprise pricing
Infosys BPM
Best for: Technology-forward firms with automation focus
- Services: Finance operations, HR, operations management, intelligent automation
- Strengths: Strong technology and automation capabilities, AI integration, global scale
- Considerations: May be overkill for smaller funds, less investment-specific
- Pricing: Enterprise pricing
WNS Global Services
Best for: Data-intensive operations
- Services: Finance & accounting, analytics, operations, industry-specific solutions
- Strengths: Analytics depth, data management expertise, industry vertical knowledge
- Considerations: Less investment-specific than specialist providers
- Pricing: Custom pricing
Provider Comparison Table
| Provider | Best For | Asset Mgmt Focus | Starting Price | Key Strength |
|---|---|---|---|---|
| Empaxis | Emerging managers | High | $5K/month | Specialized |
| SS&C | Large funds | High | 3-8 bps | Scale |
| Linedata | Mid-sized | High | Custom | Technology |
| Maples | Alternatives | High | Premium | Regulatory |
| Genpact | Enterprise | Medium | Enterprise | Process |
| Infosys BPM | Tech-forward | Low | Enterprise | Automation |
| WNS | Data-heavy | Medium | Custom | Analytics |
For detailed pricing information and cost comparisons, see our back office outsourcing cost guide.
Questions to Ask Providers
Before selecting a back office outsourcing firm, ask these essential questions during your evaluation:
Essential Questions
- How many asset management clients do you currently serve?
- What's your average client AUM and average client tenure?
- Can you provide 3 references with similar fund size and strategy?
- What technology systems do you use? How do they integrate with ours?
- How do you stay current with regulatory changes?
- What's your typical implementation timeline?
- What's included vs. extra in your pricing?
- What are your SLA terms and remedies for missed deadlines?
- How do you handle staff turnover and knowledge transfer?
- What's your disaster recovery and business continuity plan?
Red Flags to Watch For
- Cannot provide asset management-specific references
- Vague pricing with excessive "it depends" responses
- High implementation fees with unclear scope
- No SOC 2 Type II or equivalent certification
- Poor responsiveness during the sales process (it only gets worse)
Where Anchor Partners Fits
Full disclosure: Anchor Partners offers managed back office services for asset managers. Here's how we fit the landscape:
Best for: Emerging managers ($50M-$500M AUM) who want operational ownership, not just task execution
Our approach:
- We own the outcome, not just the task
- Asset management operations specialists
- Flexible scope—start with one function, expand over time
- Transparent pricing with no hidden fees
We're not the right fit if:
- You need full fund administration (we partner with fund admins)
- You're over $1B AUM (in-house may make more sense for you)
- You need offshore cost arbitrage (we're US-based)
Want to see if we're a fit? Schedule a consultation →
Frequently Asked Questions
What are the best back office outsourcing companies?
For asset managers, top providers include Empaxis, SS&C, Linedata, and Maples Group for investment-specific operations. General BPO providers like Genpact, Infosys BPM, and WNS offer broader back office services across industries.
How do I choose a back office outsourcing provider?
Evaluate asset management experience, technology platform, client references, pricing transparency, and security certifications. Prioritize providers with clients similar to your fund size and strategy.
What should back office outsourcing cost?
Costs range from $3,000-$15,000/month for emerging managers or 2-8 basis points of AUM for larger funds. Specialized asset management providers typically cost more than general BPO but offer deeper expertise.
Need Help Deciding?
Learn everything you need to evaluate back office outsourcing for your firm.
Read the Complete Guide →