07.16.24

How Asset Managers Seek To Grow in 2024 and Beyond

by: Michael S. Fischer

Investment managers are prioritizing the quality and accuracy of their products to improve the investor experience and grow their distribution in the next two years, according to a survey of global asset management firms sponsored by Northern Trust. A marked shift in priorities to a client-centric approach from cost control has occurred, the survey showed, with 72% of respondents saying improving quality and accuracy is their top strategic priority in the next two years, up from 45% in 2022. About 70% said their chief priority is improving the investor experience, and 60% said it is expanding the product set. Some 46% of respondents identified cost control as their top strategic priority in the next two years.

Read the full article on Think Advisor