CFA Institute: Asset management industry's success or failure hangs in the balance

Report claims industry at 'inflection point'

A report by the CFA Institute has claimed the asset management industry is at an "inflection point", warning company heads who fail to transform their business models may jeopardise the future of their firms.

The report, Future State of the Investment Profession, encouraged leaders of the industry to develop new skills to fit the changing landscape of the investment industry, while employing stronger standards to restore trust in the industry. The report said: "Major shifts are underway that will likely result in significant change, and leaders need a better way to think through the implications of these shifts in various combinations—for their clients, the health of the industry overall, and the ongoing sustainability of their own firms." According to the study, the industry's biggest cha...