More than half asset management leaders planning 2021 fee cuts

Competitive pressures are intensifying, according to survey

Mike Sheen
clock • 1 min read

The majority of leaders in asset management are planning to reduce their fees as competitive pressures continued to escalate during the pandemic, according to research by Brown Brothers Harriman.

The survey of asset management C-suite level leadership found 52% of respondents were planning to reduce expense ratios over the next 12 months. Unsurprisingly, the Covid-19 pandemic was identified as the main driver of this and had forced 77% of respondents to reallocate capital, with 49% looking to reduce their real estate spend as a result. This issue of fee compression was found to be fairly consistent across the board with 56%, 52% and 50% of large, medium and small firms respectively confirming their plans in this area. At the same time, 19% of all respondents said they were ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

David Coombs: How to stop the exodus to Uncle Sam

David Coombs: How to stop the exodus to Uncle Sam

What's needed to stem the flow of UK companies rushing to list abroad?

David Coombs
clock 16 May 2024 • 3 min read
Infrastructure spend could help push growth despite bleak outlook

Infrastructure spend could help push growth despite bleak outlook

'One of the things that will drive the background music is inflation'

Hope Coumbe
clock 15 May 2024 • 1 min read
Future of Investment Festival: Three weeks left to secure a spot!

Future of Investment Festival: Three weeks left to secure a spot!

Targeted at sustainable, forward-thinking finance professionals

Professional Adviser
clock 15 May 2024 • 1 min read