US Asset Management Outlook 2026: Competition Beyond Scale
The article provides a comprehensive outlook on the US asset management industry heading into 2026. it highlights a critical inflection point characterized by structural changes, including industry consolidation, persistent profitability pressures despite AUM growth, and the rapid evolution of product innovation (specifically ETFs). It explores how competitive advantages are shifting from pure scale to specialized investment capabilities, technology integration (AI), and modernized operating models designed to combat fee compression and rising costs.