Why is the asset management industry growing?

The asset management industry has grown and thrived over the past few decades as the economy has experienced a steady upward trend in employment. The asset management industry has seen an increase in size, which is attributed to several factors.

• Increase in wealth and savings: As economies continue to grow, individuals and households are becoming wealthier and seeking professional help to manage their financial assets.
• Aging population: An aging population is putting more pressure on pension funds and retirement savings, leading to an increase in demand for asset management services.
• Globalization: The globalization of financial markets and the increasing cross-border flows of capital have created new investment opportunities, leading to the growth of the asset management industry.
• Technological advancements: The rise of fintech has made asset management more accessible and convenient for clients, leading to an increase in demand for these services.