Gamechangers That Will Redefine The Asset Management Industry

Asset management is looking to expand significantly, based on research by PricewaterhouseCoopers. According to the study, global assets under management will rise to $101.7 trillion by 2020. 

The bulk of the asset management industry remains concentrated in the US and Europe, and while it stands to stay that way for the foreseeable future, the industry is fast reaching South America, Asia, and Africa. The increasing population of high net worth individuals in these regions, along with the expansion and emergence of pension and sovereign wealth funds, has been improving investments. 

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Asset management is looking to move to the center stage after being in the shadow of the banking and insurance industries. But the trend shows that there is a rapid growth and rising popularity for alternative investments.

There is also a prevailing change in the investor’s mindset. Traditional investments such as stocks and bonds are no longer the optimal options, because they do not generate as much wealth to reach the desired investment objectives. 

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Technology is also helping the elevation of asset management, which has usually operated within a relatively low technological infrastructure. In the next half-decade, technology will become critical in cementing client relationships, information gathering, operational efficiency, and financial and tax reporting. 

Jon Bourbeau is the founder of Pacer Partners, a boutique real estate and asset management firm with offices in New York City and Miami. Learn more about asset management by visiting this Facebook page.

Asset management: Spending to earn more

In finance, the goal is to increase the value of an asset while keeping liabilities at a minimum. Whether at a corporate or at an individual level, asset management is about making the right decisions, investing in the right places, and buying the right properties for a better portfolio. An asset manager, simply put, oversees other people’s money while drafting solutions on how increase it.

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Asset management is a powerful industry that is worth trillions of dollars. It is as much a necessity to a young professional getting acquainted with the 401(k) to the newly minted high net worth individual. Building a person’s financial portfolio is a way of tracking his or her progress through the years. On the other hand, having an overview of what a person can do with his or her money also shows the possibilities for growing assets. Aside from taking care of a person’s earnings, it is also about making the money work, even when its owner could be doing something else.

A reliable asset manager has foresight—aside from the ability to read and assess a client’s portfolio, he or she must offer suggestions for administering resources for the current economic context. This finance professional is always on the lookout for investments while maintaining the client’s financial plan.

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Jon Bourbeau is the founder and CEO of Pacer Partners, a direct investment platform primarily dealing with real estate transactions. Before the company’s establishment in 1999, Jon acquired a comprehensive range of intellectual capital working with some of the largest institutions in the US. Get to know more about Jon and Pacer Partners by visiting this website.