The CFA Institute's latest survey re-iterates the fundamental change the Asset Management industry is going through. Consolidation of industry players, contraction of margins, insourcing of investment management by Institutional Investors and the dominance of passive over active. Leaders that do not get ahead of these challenges risk seeing their firms overrun but the inevitable.
The investment management industry is facing significant disruptive forces, internally and externally. Shifting regulatory environments and new macroeconomic conditions in addition to current trends in digitization and commoditization and new tech-centric business models will necessitate changes in the industry. The Future State of the Investment Profession study explores what these changes might look like and identifies ways to influence the future state of the profession for best possible outcomes.