Global asset management industry expands to 2030, profitability remains a challenge: Morgan Stanley.

Global asset management industry expands to 2030, profitability remains a challenge: Morgan Stanley.

Global asset management assets will peak at $159 trillion in 2026, but Morgan Stanley expects declining management fees to limit revenue growth through 2030. Private markets and artificial intelligence may drive profitability, with companies that integrate artificial intelligence into operations may improve cost-income ratios by up to 15 percentage points.