Technologies like hybrid cloud, blockchain, AI, chatbots, and robotic process automation (RPA) are making financial asset management processes easier and more efficient and changing how consumers see and interact with money. According to the current global financial asset management is estimated to reach $1113.53 billion by 2028, at a CAGR of 23.78 percent.
This growth is mainly driven by the rise of blockchain, which is becoming synonymous with privacy and involves maintaining private, secure records like client information. Its ability to store data in a decentralized manner enables asset management companies in maintaining regulatory compliance without breaking a sweat. Blockchain also eliminates the need for intermediaries and reduces transaction time without compromising security.
To put the spotlight on many other key developments in the space, Financial Services Review illustrates how financial asset management solution providers are leveraging the latest technologies. This edition also features thought leadership articles from subject matter experts. Some of the exclusive insights are authored by Kevin M. Gleason, Chief Compliance Officer of MainStay Funds and Index IQ ETFs, New York Life Investments; Filippo Casagrande, Head of Insurance Investment Solutions at Generali Asset and Wealth Management; and James Goodstein, VP Product Manager of Digital Banking at Ocean First Bank. They shed light on emerging strategies in the field through blockchain and AI.
In this edition of Financial Services Review, we also bring to you the story of some of the top financial asset management solution providers. In the list, Abner, Herrman & Brock Asset Management, an independently owned investment management firm specializing in actively managed customized separately managed accounts (SMAs). We also bring you the story of Alpha Financial Software, a fintech leader that offers straight-through-processing automation of the U.S. Agency TBA trading to buy-side and sell-side financial firms.
In the same leg, MDOTM, is offering a proprietary AI engine that continuously analyzes millions of market data points and providing forward-looking investment views. Equally commendable are the stories of Global View Capital Management and Secure Asset Management, who provides diversified financial services, offers active downside protection to clients in severe market declines, and enables financial advisors to focus on growth while maintaining a close relationship with their clients. In addition, Clear Spring Life and Annuity, a Group 1001 company, provides financial services to retail customers and fixed annuity products distributed through networks of independent marketing organizations.
Through the following pages, we aim to shine a light on the innovative trends and latest developments in the financial asset management segment. We would like to know your thoughts.
