The Quest for Equilibrium between Wealth Managers and Asset Managers

The wealth management and asset management industries are undoubtedly entwined, and their mutual reliance leads to an interesting power dynamic that rarely reaches an equilibrium. Currently the balance of power sits with wealth management firms, as fee compression and competition for distribution relationships force asset managers to consolidate and adapt. While the imbalance of power will likely continue to favor wealth managers in the short-term, it will eventually shift as asset managers continue to evolve and develop or acquire new capabilities to serve retail investors.

Monday, May 10, 2021
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