The global investments market is valued at an estimated $2305B and is expected to reach $3631.22B in the next five years. The investment management market can be broken into various segments depending on the type of investments involved. Some of the significant categories are hedge funds ($3.9T value) and mutual funds ($25.7T value). There are approximately 16,150 investment companies in the United States.
The investment management industry is experiencing a rapid digital transformation. Fiscal pressures are forcing existing investment firms to focus on streamlining their operational efficiencies through technology to remain competitive among investors.
There is a lot of competitive pressure as new startups enter into the space using digital platforms from the outset, making long-standing traditional firms obsolete if they can’t keep up with the digital transformation. According to recent reports, the millennial age group is expected to hold five times the amount of wealth in the next 10 years, as they do now. An estimated 47% of millennials prefer investment management firms that use digital platforms.
Pages : 1 2 3 4 5 6 7 8 9 10 Next Article Meal Prep Business Plan Template [Updated 2024] Previous Article Car Dealership Business Plan Template [Updated 2024]Dave Lavinsky is the co-founder of BusinessPlanTemplate.com and is an internationally renowned expert in the fields of business planning, capital raising, and new venture development. Over the past two decades, Dave has guest lectured at top universities, written over 200 business plans, and has written hundreds of articles on entrepreneurship, business planning and capital-raising. He is also the author of Start At The End: How Companies Can Grow Bigger and Faster By Reversing Their Business Plan, published by Wiley in November 2012. He has helped over 1 million entrepreneurs launch businesses over the past 25 years. Dave has an MBA from the Anderson School of Management at UCLA and earned his Bachelor’s degree from the University of Virginia.