Staff
A new white paper from Casey, Quirk & Associates predicts that investment managers are in for a tough five years.
The U.S. investment management consultant says that investment managers worldwide will grow less than 1% from net new money annually for the next five years. As a result, many asset managers may struggle with shrinking revenue and a decaying book of legacy business.
The white paper, The Complete Firm 2013: Competing for the 21st Century Investor, says that firms will have to incorporate some of the following tactics if they want a piece of future revenue growth:
- innovate by globalizing their portfolios;
- incorporate alternatives into their investment strategies;
- orient their business toward individuals and their growing demand for solutions; and
- pursue opportunities in faster-growing emerging markets.
The paper also predicts that individuals, not institutions, will be where new growth in the industry will come from.
Visit caseyquirk.com to get the full report.