Despite market disruption caused by the COVID-19 pandemic, the majority of financial professionals in the United States expect their assets under management to increase by 7.2 percent over the next 12 months, with annualized growth of 17.2 percent over the next three years, according to a new survey by Natixis Investment Managers.
Natixis surveyed 300 financial professionals in the United States, who collectively manage $28.9 billion of client assets, including wealth managers, registered investment advisers, financial planners, and wirehouse and independent broker-dealers.
According to the report, the vast majority of those surveyed believe this growth will be driven by new assets from new clients (89 percent) and new assets from current clients (80 percent). However, only 55 percent are counting on market returns as a primary growth driver.
However, despite optimism relating to the growth of assets, 84 percent of financial advisers admit that business developm
