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Industry Landscape
The investment management industry is experiencing significant growth driven by increasing global wealth, digital transformation, and demand for personalized financial advice. It faces challenges from market volatility, regulatory changes, and intense competition. Firms are focusing on sustainable investments and leveraging AI for data analysis and client engagement.
Total Assets Under Management (AUM)
Assets Under Management (AUM) in United States
~Approximately $50 trillion (USD) as of 2023
(8-12% CAGR)
- Institutional investors are a major contributor.
- Retail investors are increasingly active.
- Digital platforms facilitate broader participation.
Total Addressable Market
Approximately $120 trillion
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Artificial Intelligence (AI) & Machine Learning (ML)
AI and ML are transforming data analysis, predictive analytics for market trends, personalized financial advice, and automated portfolio management within the investment management industry.
Blockchain & Distributed Ledger Technology (DLT)
Blockchain and DLT enhance security, transparency, and efficiency in transaction processing, record-keeping, and the tokenization of assets, reducing settlement times and costs.
Robo-Advisors & Automated Investment Platforms
Robo-advisors utilize algorithms to provide automated, low-cost financial planning and investment management services, making personalized advice accessible to a broader range of investors.
Impactful Policy Frameworks
SEC's Proposed Climate-Related Disclosures (2022)
The U.S. Securities and Exchange Commission (SEC) proposed rules in 2022 to require public companies to disclose extensive climate-related information, including greenhouse gas emissions, climate-related risks, and transition plans.
This policy will compel Mirae Asset to incorporate climate-related risk assessments into their investment strategies and reporting, influencing portfolio selection and due diligence.
DOL Fiduciary Rule (Various Iterations, Latest 'PTE 2020-02')
The Department of Labor (DOL) has periodically updated its fiduciary rule, with 'PTE 2020-02' (Prohibited Transaction Exemption 2020-02) requiring investment advice fiduciaries to retirement investors to act in their clients' best interest and adhere to impartiality standards.
Mirae Asset's wealth managers and advisors serving retirement accounts must ensure their recommendations strictly adhere to fiduciary duties, impacting product offerings and compensation structures.
SEC's Cybersecurity Disclosure Rules (2023)
In 2023, the SEC adopted new rules requiring public companies to disclose material cybersecurity incidents within four business days and periodically report on their cybersecurity risk management, strategy, and governance.
Mirae Asset will need to bolster its cybersecurity infrastructure, incident response plans, and internal reporting mechanisms, increasing compliance costs and enhancing investor trust in their digital operations.
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