P&I’s annual survey found the largest asset managers are expanding faster than the broader industry, reinforcing a widening scale advantage in global money management.
The report frames size as table stakes in a roughly $100 trillion sector, where the biggest firms can use breadth and resources to capture growth more quickly than smaller rivals.
That gap matters for institutional investors such as pension plans, because market share is concentrating further among the industry’s dominant managers.
The findings add to a longer-running consolidation trend in asset management, where scale increasingly shapes competitiveness, pricing and client reach.