THE FUTURE OF ASSET MANAGEMENT BUSINESS
IIAC is pleased to share a recently published study by Accenture on The Future of Asset Management Business: models and strategies for 2025. It provides readers with a lens into what the asset management space will look like in 2025, with a view to what evolutionary changes are recommended for firms that want to keep pace.
Accenture conducted field research across the United States and Canada in late 2020 to better understand asset managers’ priorities, both current and for the future. They met with 250 senior executives at asset management firms—including institutional, retail, alternative and hedge funds – whose feedback was instructive to the report. By reviewing four key elements of the financial industry landscape (Profitability, Technology, Innovation and Mass Customization), the report collates the findings, making it clear that investment firms face a rapidly shifting landscape, and as such traditional products, tools and approaches will not be as effective as they once were.
By designing products with client-focused outcomes to give investors products and services that suit their preferences; by transforming sales and distribution to create customer-centric experiences; by integrating alternative data and innovation into investment capabilities and strategies; and by reinventing investment operations to find the quickest path to scalability and value generation, the report postulates that asset managers who are likely to be in the winners’ circle in 2025 will be those who understand the arc of today’s trends and tomorrow’s possibilities and then proactively assemble the vision, strategy and capabilities needed to create their own future.