The investing business is about to go through ‘the largest competitive realignment’ in history
|05/27/2017||Posted by BusinessMediaguide.Com under General World News||
Investment managers are in for a wave of consolidation the likes of which the industry has never seen before.
Several factors are driving this “the largest competitive realignment in asset-management history,” according to a new report from consulting firm Casey Quirk, which is part of Deloitte.
- The rise of passive, or index, investing — which is much cheaper than actively managed investing — is pushing down fees that asset managers have historically charged their clients.
- Asset managers have already tapped most potential clients, like the baby boomers. At the same time, pension funds, which employ asset managers to invest their money, are read more >>>