Global Asset Management Industry Hit Record $128 Trillion AuM in 2024
- Editor
- Apr 28
- 1 min read
Whats Happening:
Boston Consulting Group's latest report reveals that the global asset management industry reached a record $128 trillion in assets under management (AuM) in 2024, marking a 12% increase from the previous year. However, over 70% of the industry's $58 billion revenue growth was driven by market performance rather than investor inflows, highlighting the sector's vulnerability to external conditions.
Key Moves:
Global AuM reached $128 trillion in 2024, up 12% from 2023
70% of revenue growth driven by market performance, not investor inflows
Industry facing pressure to reinvent amid fee compression and digital disruption
By The Numbers:
Global AuM: $128 trillion in 2024
Industry revenue growth: $58 billion in 2024
Active ETFs grew at 39% CAGR over past decade
Key Quotes:
"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.
"Cost discipline is now strategic," said Renaud Fages, a managing director and partner at BCG.
"Recent market volatility could serve as a catalyst for change, and asset managers will need to shift from recovery mode to innovation mode."
Bottom Line:
The global asset management industry's record AuM growth in 2024 masks underlying challenges, including dependence on market performance and pressure from fee compression. To remain competitive, firms must focus on innovation, cost discipline, and strategic technology initiatives to transform their business models and create unique value.
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