, president and CEO of Artisan Partners
], sees a transformation in asset management distribution.
"From a distribution standpoint you are evolving past a heavily relationship based distribution model to what I would see more as a knowledge based distribution model that requires more investment writers, more digital presence to get in the flow of research," Colson said yesterday on the Milwaukee-based asset manager's Q2 2018 earnings call with analysts, as transcribed by SeekingAlpha
Colson was responding to a question from Robert Lee
, an analyst with Keefe Bruyette & Woods
"We will focus on that more knowledge based distribution model," Colson added. "But I still think we're very well positioned in our relationships to gather assets for our strategies. But I do agree that there is change going on."
On Tuesday Artisan reported
adjusted earnings per adjusted share of $0.76 for Q2 2018, beating
expectations by $0.01, and revenue of $212.3 million, beating expectations by $3.83 million. AUM dipped 0.5 percent over the quarter but rose 4.4 percent year-over-year, to $114.2 billion on June 30, 2018.
Stay ahead of the news ... Sign up for our email alerts now