FYI: Rumors of the demise of medium-sized asset managers have proved to be greatly exaggerated, so far. But a combination of rising costs, a stagnant pool of profit and dwindling revenue in the next five years will hasten a divide in the industry between bigger firms enjoying economies of scale, and smaller specialists that can justify charging higher fees by excelling in niche markets.
Regards,
Ted
https://www.fa-mag.com/news/mid-sized-asset-managers-ride-into-valley-of-death-39611.html?print
