With increasing regulatory requirements, demand for greater transparency and the pressure on fees, is the future of Asset Management going to be machine led?
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PwC: asset and wealth management's 'do or die' moment
A study from PwC has warned asset and wealth managers that they need to act now to survive an 'exponential' level of change. The reports, titled Asset & Wealth Management Revolution: Embracing Exponential Change, predicts that assets under management (AUM) will almost double in size by 2025, from $84.9 trillion (£64.4 billion) in 2016 to $111.2 trillion by 2020, reaching $145.4 trillion by 2025.
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