Module
Players, power dynamics and competition
Maps the incumbents, challengers, gatekeepers and suppliers, and where margin actually lands across the sector.
5 lessons • 750 XP available
Lessons
1
The incumbents: how BlackRock, Vanguard and State Street built moats
+150 XPSee how BlackRock, Vanguard and State Street built durable moats.
2
The challengers: boutiques, private-market disruptors and fintech entrants
+150 XPExplore boutiques, private-market disruptors and fintech challengers.
3
The distribution chokepoint: why platforms and gatekeepers hold the power
+150 XPUnderstand why platforms and gatekeepers control distribution power.
4
Suppliers with leverage: index providers, data vendors and custodians
+150 XPSee the leverage held by index providers, data vendors and custodians.
5
Where the margin actually lands: mapping value capture across the chain
+150 XPMap where margin is captured across the value chain.