Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:kasina Sees Mister Market Smile on Fundsters and B-Ds Alike Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 29, 2013

kasina Sees Mister Market Smile on Fundsters and B-Ds Alike

Reported by Nicole Spector

The asset management industry was dominated by two major themes in the first half of 2013: margin improvement and the narrowing of the space between distributors and managers. This is the finding of kasina, the management consultancy firm, as shared in its paper, "Wirehouses Begin to Close the Margin Gap Despite Sustained Improvement at Asset Management Firms."

Kasina's report notes that asset management firms started seeing margin improvement in 2012, with the trend carrying over into the present year. The average operating and net income margins bumped to 31.3 percent and 22.6 percent respectively in Q2 2013, up from Q4 2012's 31.2 percent and 21.3 percent. The rise, kasina asserts, is attributable to higher AUM and a spike in fund management fees. But it wasn't all good news, kasina research shows, noting a slowdown in net flows to fixed income products thanks to a rise in bond yields. Equity net flows experienced a mild boost in 2013 compared to 2012, but were still unable to offset the fixed income loss.

The wirehouse distributors, Bank of America Merrill Lynch, Morgan Stanley Wealth Management, Wells Fargo Advisors, and UBS Wealth Management reported mostly encouraging numbers. They posted higher AUM and client balances, along with increased asset management, distribution, and administration fees and net asset flows.

See kasina's research which includes charts and graphs, here

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use