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$93.86+0.37(+0.40%)
- Bank of Montreal$70.81+0.14(+0.20%)
- Royal Bank of Canada$94.12+0.10(+0.11%)
- Royal Bank of Canada$71.03-0.04(-0.06%)
- Canadian Imperial Bank of Commerce$107.38+0.32(+0.30%)
- Canadian Imperial Bank of Commerce$80.64-0.31(-0.38%)
- Toronto-Dominion Bank$65.27-0.01(-0.02%)
- Toronto-Dominion Bank$49.22-0.10(-0.20%)
- Bank of Nova Scotia$79.45-0.24(-0.30%)
- Bank of Nova Scotia$59.93-0.27(-0.45%)
- Updated June 23 4:00 PM EDT. Delayed by at least 15 minutes.