The retirement asset management business is feeling the pinch.
Fred Barstein, founder and CEO of The Retirement Advisor University, recently pointed out that asset managers are seeing margins shrink. The increasing use of managed accounts and index strategies instead of target-date funds, as well as record keepers rolling out their own investment products, threatens to squeeze fund managers out of the defined-contribution marketplace.
"Record keepers are in control," Mr. Barstein said. "They have the access, the data, they're client-facing and have all the accounts. They know when…
https://ift.tt/2UNHiwK
0 Response to "BlackRock pivoting to technology could serve as blueprint for other asset managers - InvestmentNews"
Post a Comment