Asset Management Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 5/1/2017
SIC Codes: 6091, 6371
NAICS Codes: 5239
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Asset Management Industry Profile

Companies in this industry manage the financial assets of corporate, institutional, and individual clients. Major companies include AXA Financial, BlackRock, Fidelity Investments, and State Street Corporation (all based in the US), as well as AMP Limited (Australia) and Old Mutual (UK). In addition, most major banks have asset management divisions.

Worldwide, companies in the industry had about $71 trillion of assets under management as of 2015, according to Boston Consulting Group. The US and Canada together accounted for about half of that total. Other leading countries for the industry include the UK, Germany, the Netherlands, Australia, South Korea, and Japan. Emerging markets, particularly in Asia and in the Middle East, are growing quickly.

The US asset management industry includes about 55,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $315 billion. The industry includes hedge funds, financial advisers, mutual funds, and venture capital firms, all of which are covered in separate industry profiles. Investment banks and securities brokerages, which are not included in the industry, also are covered in separate profiles.

COMPETITIVE LANDSCAPE

Demand is driven by demographic and market trends such as the growing population of retirees and the accumulation of wealth and investable assets, as well as returns on investments. The profitability of individual companies depends on the volume and performance of the assets they manage. Large companies have advantages in providing expertise in a ...

 
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