2023 investment management outlook

As investment management firms plan and execute their strategies for 2023, the insights from our survey support the notion that leaders who engrain a sense of purpose throughout the organization take a meaningful step to success on many levels. Employees are perhaps the most important asset of investment management firms, and as such, planning investments over the coming year that benefit employees will also benefit the firms where they are employed. In 2023, firms that invest in training for their workforce as well as technologies that improve operational efficiencies will be more likely to generate a positive impact on client experience and enable employees to execute on the firm’s vision. 

Key messages:

• Our survey results two years running show that a virtuous cycle exists in investment management firms. Effective leadership and vision can enhance efficiency, and overall success.
• Since investment management is talent-driven, most businesses are working to optimize their talent models. Firms are updating their workplace policies to influence employee satisfaction, however, these updates alone are not always enough. Progress toward establishing and communicating a corporate purpose is correlated to improved efficiency, revenue opportunity, and reduced employee turnover.
• Firms continue to invest in digital transformation with new technologies that improve the client experience, gain operational efficiencies, and potentially generate alpha. Leadership can help drive these changes effectively with communication to foster collaboration across departments to achieve transformative results.
• As investment management firms plan and execute their strategies for 2023, leaders who engrain a sense of purpose throughout the organization are likely improving the chances of success on many levels.