With high-net-worth individuals and the mass affluent seeing their wealth surge, coupled with a growing shift toward defined contribution retirement plans, the Asset & Wealth Management sector is booming. Thus, it seems wise to scoop up shares of SEI Investments Company (SEIC), Crescent Capital BDC, Inc. (CCAP), and Vinci Partners Investments Ltd. (VINP) for robust gains this year.
The future of asset management looks bright, with assets under management (AuM) expected to nearly double by 2025. From a solid $84.90 trillion in 2016, this figure is projected to reach $145.40 trillion, driven by robust growth in developing markets across Latin America and Asia Pacific.
