Asset & Wealth Management: how the sector works
how asset and wealth management works: the AUM-and-fees model, active vs passive, the value chain from manager to distributor to client, and fiduciary duty.
This block builds foundational fluency in Asset & Wealth Management, covering how capital flows from investors through managers, distributors, and custodians to markets. You will understand the value chain across active and passive strategies, retail and institutional channels, and the economics behind AUM-based fees. It maps the competitive landscape of incumbents like BlackRock and Vanguard against challengers, private markets specialists, and fintech distributors, and explains where margin concentrates. You will learn the regulatory architecture governing fiduciary duty, disclosure, and investor protection in the US and Europe, plus the core metrics, acronyms, and calculations professionals use daily to size markets, price fees, and assess fund performance and flows.
Ce que vous allez maîtriser
- Map the asset and wealth management value chain from asset owners through managers, distributors, and custodians, identifying where fees and margin accrue
- Distinguish major player types and explain competitive dynamics between passive giants, active managers, private markets firms, and wealth platforms
- Identify the key regulations and bodies (SEC, MiFID II, UCITS, fiduciary rules) and the compliance constraints they impose in practice
- Calculate core metrics such as AUM, fee yield, expense ratios, and net flows, and run basic due diligence on a fund or manager