Great reporting by Beagan Wilcox Volz with Ignites on this continuing trend of divergence between winners and losers in the asset management and wealth management industries. “Robust capital markets have lifted all asset management boats this year,” said Amanda Walters, a principal at Casey Quirk, in a press release. “But the gap between thriving and laggard firms has widened and accelerated during this pandemic period.”
Our commentary on compensation this year reflected the same conclusion in April, and continues to be evident in all or search work and with our key clients.” The clients driving growth in our business are heavily weighted to boutiques with demonstrable advantages in either investment alpha generation or unique service propositions.