Why big may not always be beautiful in fund management

'Large firms just can't stay one size...'

clock • 4 min read

When a firm transitions from ‘boutique' to ‘large' the dynamics change materially, and the pressure on executives to continue driving through growth only increases, writes James Sullivan

When the monster stops growing, it dies. It can't stay one size John Steinbeck, The Grapes of Wrath Steinbeck was referring to ‘the banks' that fed on the labour, payments and taxes of tenants and landowners. That quote has always resonated we me, working in asset management. One common critique I have faced throughout my career, given I have typically worked for boutiques, is "it must be difficult being small". Earlier on in my career, my response would have been along the lines of "yes, it is" but as I've become more battled hardened, my response has moved towards "it's n...

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

How Trump's 'America first' presidency affects UK financial advisers

How Trump's 'America first' presidency affects UK financial advisers

Sahar Nazir investigates how President Donald Trump is affecting the financial services sector

Sahar Nazir
clock 30 April 2025 • 5 min read
Reeves reveals 'comprehensive' draft regulatory regime for crypto assets

Reeves reveals 'comprehensive' draft regulatory regime for crypto assets

Working with the US to develop rules

Eve Maddock-Jones
clock 30 April 2025 • 2 min read
FCA drops SDR plans for portfolio managers

FCA drops SDR plans for portfolio managers

To focus on MPS review for now

Jen Frost
clock 30 April 2025 • 4 min read