Analysis: How urgent are cost cuts in the AM industry?

The asset management industry is facing a significant growth in costs when several managers struggle to get sales and income back on track. Is it constant care and prudent business to act now? 
Flemming Højbo writes analyses for AMWatch about the Nordic asset and wealth management sector. Højbo was head of communications in the asset management industry for 15 years, and before that, he worked for 25 years as financial and business reporter and editor. | Photo: Jan Bjarke Mindegaard
Flemming Højbo writes analyses for AMWatch about the Nordic asset and wealth management sector. Højbo was head of communications in the asset management industry for 15 years, and before that, he worked for 25 years as financial and business reporter and editor. | Photo: Jan Bjarke Mindegaard
By Flemming Højbo

When is it time to carry out cost cuts? It is probably one of the most common questions that the CEOs in the asset management industry considered this spring. The AM top managements are to look keenly at the costs. Several asset managers struggle to grow and get income back on track after a terrible last year and a difficult start to 2023. They are to review whether it’s constant care to act on the hastily increasing expenses. 

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