Global asset management industry hits new record high

Written by Adam Cadle

01/05/2025

Global assets under management (AuM) reached a record $128trn in 2024, up 12% from the previous year, a new report from Boston Consulting Group has revealed.

More than 70% of the industry’s $58bn in revenue growth in 2024 was driven by market performance rather than investor inflows, underscoring the industry’s vulnerability to external forces, the report added.

Persistent fee compression, shifts in investor preferences and digital disruption are pushing firms to redesign their business models; accelerate cost innovation, and sharpen their strategic focus.

“The winners of the next decade will not be those who simply weather the storm, but those who redefine their future direction,” said Dean Frankle , BCG managing director and partner and a co-author of the report.

“Recent market volatility could serve as a catalyst for change, and asset managers will need to shift from recovery mode to innovation mode—rethinking how they deliver value, engage clients, and run their businesses.”

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