Financial advisors are becoming more identified as “managers of managers,” says Ian Russell, IIAC president and CEO
Incoming CEO Kevin McCreadie intends to stay the course
Shift to ETFs will spur asset manager consolidation in developed markets
Transaction will boost Invesco’s total assets under management to more than US$1.2 trillion
Companies push for more transparent and flexible access to keep their clients happy and stop them from switching firms
Improving efficiency and enhancing service are firm’s top priorities
By reducing its equity capital and increasing debt, CI is reducing its financial flexibility
Strong growth in 2017 was market driven
In an environment of fee compression and pervasive passive investing, profitable growth is becoming more difficult to achieve
There are multiple causes of fee compression in asset management, which compound upon each other