WHOA! Hello wealth/asset managers out there. Get ready to see worldwide AUM double by 2025. As the world experiences more growth and prosperity, people live longer and (of course) inflation juices assets, it is only natural to assume assets under management will grow. PWC (PricewaterhouseCoopers) expects the current $85 trillion AUM to hit $145 trillion in less than 10 years. Are you ready? Got your robo's tuned up? Algo's in place? Oh there are a couple "if's", like a global recession (like THAT could happen), fiat currency implosion, etc and all that "scary" stuff. But don't spend all that potential fee income since fee compression will be very prevalent. So, party now.
(Bill Taylor/CEO)