Wealth managers call on asset managers to bolster product specialist talent, new mmi-broadridge survey reveals

74% of wealth managers urge an increase in product specialists from asset managers active etfs and alternative investments drive product lineups as interest in mutual funds declines new york , oct. 15, 2024 /prnewswire/ -- as asset managers rapidly expand their lineup of more complex investment products such as alternatives, wealth managers are calling on asset managers to ramp up their product specialist talent to keep pace, according to a new survey from the money management institute ("mmi") and broadridge financial solutions, inc. (nyse: br). nearly three-quarters (74%) of wealth managers have called on asset managers to invest more in product specialists, up significantly from 38% in 2023.
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