Asset management 2020: Taking stock
The pace of change in the asset and wealth management (AWM) industry is accelerating on a path of creative destruction. The environment and game changers that we described in Asset Management 2020 are evolving.
Ahead of publishing a full paper in the autumn, please download this edition of Asset & Wealth Management Insights to read more about how our earlier predictions are evolving.
The landscape in 2020
The pressures on Asset Managers are changing and intensifying. This is happening at a time when firms must invest in building outcome-based solutions and applying transformational technologies, both internally and externally. Moreover, the drive to improve transparency continues unabated. Regulation, investor pressure and tax legislation are all driving more openness. In addition to creating a more fee competitive market, this is also leading to greater costs related to data and reporting.
Game changers set to redefine the industry
Asset Management 2020 set out six likely game changers that would impact the competitive environment. In PwC's view, understanding, analysing and acting on these would prepare firms for the opportunities the changing landscape presented.
These game changers have or are coming to pass to varying degrees. Please download this edition of Asset & Wealth Management Insights to read more about to what extent these game changers have evolved in a period of accelerating change.
In summary, the landscape and game changers that we identified in 2014 are evolving. If anything, the forces of change are becoming more powerful. As a result, this is a critical time of creative destruction. There are great opportunities for those understanding and acting on the likely changes.
Contact us
Olwyn Alexander
Global Asset and Wealth Management Leader, Partner, PwC Ireland (Republic of)
Tel: +353 (0) 1 792 8719
Contact us
Olwyn Alexander
Global Asset and Wealth Management Leader, Partner, PwC Ireland (Republic of)
Tel: +353 (0) 1 792 8719
Andrew O’Callaghan
Global Asset & Wealth Management Advisory Leader, Partner, PwC Ireland (Republic of)
Tel: +353 1 792 6247
Allison Rosier
Global Asset and Wealth Management Tax Leader, Partner, PwC United States
Tel: +1 (646) 465 0474
Elizabeth Stone
UK Asset and Wealth Management Leader, Partner, PwC United Kingdom
Tel: +44 (0) 207 804 9678
Asia-Pacific Asset & Wealth Management Leader, Partner, PwC Singapore
Tel: +65 6236 3708
Steven Libby
EMEA Asset and Wealth Management Leader, Partner, PwC Luxembourg
Tel: +352 49 48 48 2116