NEW YORK, Jan. 19, 2017 /PRNewswire/ -- Portfolio Management – this comprises entities primarily engaged in managing the portfolio assets (i.e., funds) of others on a fee or commission basis. Establishments in this industry have the authority to make investment decisions, and they derive fees based on the size and/or overall performance of the portfolio.
The Americas was the x largest geographic region in the portfolio management services market in 2016, accounting for $x billion or x% of the global market. Asia was the x largest geographic market, accounting for $x billion or x% of the global market. Europe was the x largest geographic market, accounting for $x billion or x% of the global market. The Middle East and Africa accounted for x% and $x billion, while Oceania accounted for x% of the global portfolio management market.
Fintechs Offering Portfolio Management Services
Fintechs are capitalizing on their financial sector expertise to enter into portfolio management business. Fintechs are companies which use advanced technologies to deliver financial services to their consumers. To better serve their clients, these companies are offering inexpensive and convenient portfolio management services. Some of the examples include portfolio management app FutureAdvisor and real-time investment portfolio management and notification service app Call Levels. Most fintech companies also offer online solutions which can be used by consumers to make their own investment decisions. For instance, online investment management company Nutmeg and peer-to-peer lending company Funding Circle offer low-cost online portfolio management services to their consumers.
Financial institutions should consider partnering with fintechs to plug gaps in their existing business models, and mutually increase profitability.
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