McKinsey: Asset managers need to trim overhead just to keep up in this market
The industry's overhead grew by $71 billion over the past decade, according to a new report, and the solution will be fewer products, de-layered workforces and more reliance on technology.
With the glory days of the 13-year bull market in its wake, the asset management industry is poised for a major reset that will likely separate winners from losers as the most efficient firms figure out how to do more with less.
A new report from McKinsey & Co., The Great Reset: North America
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