Finance & Real Estate

Edited by Andrea Beltratti and Alessia Bezzecchi

MFR 3 2017
Andrea Beltratti, Alessia Bezzecchi

What is Asked of Wealth Management Today

The sector of asset/wealth management is in a phase of profound transformation. It is anticipated that revenues will not grow in the next three years, due in part to the pressure on management fees. In the U.S., the average cost of bond and equity funds fell from 0.76% and 0.99% in 2000, to 0.48% and 0.59% respectively (Investment Company Institute). The trend has recently become stronger: on August 1, 2018, Fidelity launched a true trade war by offering the sale of two market index funds with zero fees. As we have seen for some time, such as when Amazon announces its entry into new sectors, the ...