Change in the asset and wealth management industry (the 'AWM industry') is now accelerating at an exponential rate. Although the industry is set for growth over the next 10 years, asset and wealth managers must become business revolutionaries, even disruptors, if they're to survive and prosper.
Four key trends to drive the AWM’s industry revolution
- Buyers’ market
Due to regulation the shift of power to investors is accelerating, pushing down pricing for asset and wealth managers.
- Digital technologies: do or die
With technology set to disrupt all areas of the industry, future technology experts and data scientists will become vital for success across the business.
- Funding the future
Asset and wealth managers are filling finance gaps that have emerged since the GFC, and will continue to provide capital for new types of real assets and new forms of corporate financing.
- Outcomes matter
Active, passive and alternative strategies are becoming building blocks for multi-asset, outcome based solutions.