- 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.
