The money management business could reach 'a turning point' in 2017
Jan 17, 2017, 04:04 IST
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That's according to Morgan Stanley, which just published a big report on the industry titled: On the Precipice of Change.
"Evolving customer demands, oversupply, intensifying competition, and secular re-pricing make 2017 a turning point for the industry," it said.
The US bank has identified 10 potential surprises for the industry in the new year.
"These are events we believe have greater than a one-in-three chance of happening, but are not in our base case or priced into the stocks," Morgan Stanley said.
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Whether you're an asset manager, a day trader, or just have a 401(k), they may have a big impact on you and your money.
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