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Industry Landscape
The financial services industry in the US is dynamic, driven by technological innovation and evolving consumer demands. Digitalization and personalized advice are key trends. Regulatory changes and economic shifts continually shape market conditions, emphasizing robust risk management and diversified offerings.
Total Assets Under Management (AUM)
Total Assets Under Management (AUM) in United States
~Approximately $110-120 trillion USD
(5-7% CAGR)
- Driven by strong equity markets.
- Increased demand for diversified portfolios.
- Growth in alternative investments.
Total Addressable Market
120 trillion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-driven Personalization
Leveraging artificial intelligence to offer highly customized financial advice, product recommendations, and automated investment strategies tailored to individual client needs and risk profiles.
Blockchain for Secure Transactions
Utilizing blockchain technology to enhance the security, transparency, and efficiency of financial transactions, smart contracts, and record-keeping in insurance and investment processes.
Robo-Advisory Platforms
Automated digital platforms that provide algorithm-driven financial planning services with minimal human intervention, making financial advice more accessible and cost-effective.
Impactful Policy Frameworks
SECURE Act 2.0 (2022)
The Setting Every Community Up for Retirement Enhancement Act 2.0 aims to improve retirement savings by expanding coverage, increasing contribution limits, and simplifying rules for employer-sponsored plans.
This policy directly impacts Touchstone Investments by potentially increasing demand for their retirement planning solutions for both individuals and businesses, especially 401(k) and Defined Benefit plans.
NAIC Annuity Suitability Model Regulation (2020 Revision)
This revised NAIC model regulation (often adopted by states) strengthens consumer protections for annuity sales by requiring agents to act in the best interest of consumers and expanding suitability factors.
This regulation requires Touchstone Investments to ensure their agents adhere to higher 'best interest' standards when selling annuities, potentially impacting sales processes and product disclosures.
Cybersecurity Regulations (State-level, e.g., NYDFS Part 500)
Various state-level regulations, like New York's Department of Financial Services (NYDFS) Cybersecurity Regulation, mandate specific cybersecurity requirements for financial institutions to protect consumer data.
These regulations necessitate continuous investment by Touchstone Investments in robust cybersecurity infrastructure and protocols to protect sensitive client data, impacting operational costs and data management strategies.
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