Glossary · Custody and data
Transition
A transition is the process of moving a firm's operations, data and reporting from one platform to another.
The long pole is rarely the software. It is the quality of the history being carried across — firms whose custodian retained only a few years of data need the remainder reconstructed, and that is real work.
The honest question to ask a prospective provider is what happens if the parallel run does not match.
Read more: How long switching takes →
Questions this did not answer? Ask them directly — that is what the twenty minutes is for.