Fuse Blog

Despite Rising Revenues, Asset Manager Profits Remain Under Pressure

  • Based on FUSE’s assessment of 33 asset managers representing an estimated $29.2 trillion in assets under management as of March 31, 2024, profit margins have declined over the past two years, lingering near the lowest level in the past 10 years. 
  • After reaching a recent peak in 1Q22, the median profit margin has dipped dramatically, despite strong revenue growth for many asset managers.
  • Higher costs associated with distribution and marketing have impacted the bottom line. 
Blog 6.11.24 Final