The rising costs of regulation and lower investment fees will keep asset manager’s profits down in the coming years, new research suggests.
Industry profits still lag their pre-recession levels by as much about 15 to 20 per cent, according to a trend report released by PricewaterhouseCoopers (PwC) on Monday. And even though global assets under management are expected to climb from $63.9-trillion to $101-trillion by 2020, profit levels may not return to former levels.Report Typo/Error
- Bank of Montreal$98.73-0.31(-0.31%)
- Bank of Montreal$73.10-0.38(-0.52%)
- Royal Bank of Canada$94.55-0.36(-0.38%)
- Royal Bank of Canada$70.00-0.44(-0.63%)
- Canadian Imperial Bank of Commerce$111.99-0.55(-0.49%)
- Canadian Imperial Bank of Commerce$82.85-0.64(-0.77%)
- Toronto-Dominion Bank$65.63-0.41(-0.62%)
- Toronto-Dominion Bank$48.59-0.39(-0.80%)
- Bank of Nova Scotia$76.83+0.03(+0.04%)
- Bank of Nova Scotia$56.89-0.09(-0.16%)
- Updated April 21 4:00 PM EDT. Delayed by at least 15 minutes.