Asset Management

Asset Management

BCG Expand provides front-to-back the asset management space with benchmarking covering costs, pricing, productivity, and profitability, enabling asset managers to improve margins, and scale efficiently.

Our Asset Management Solutions

The Problem

  • ✔Limited visibility into front-to-back costs across functions and processes.
  • ✔Fragmented data makes it difficult to benchmark productivity or identify efficiency gaps.
  • ✔Pressure to improve profitability while managing rising operational and technology costs.

Client success stories

150 BCG Expand's benchmarking contains front-to-back cost and financials data, annually updated data from ~150 firms
70% Our benchmarking assets cover roughly 70% of global AUM

Case Studies

Global Asset Manager

A global asset manager used BCG Expand’s granular technology benchmarking to identify significant run-cost inefficiencies and underspend on change initiatives. Despite broad cost-cutting pressures, the findings justified increased investment to modernise legacy technology, reduce fragmentation, and deliver long-term savings with improved cost transparency.

Asset Manager

BCG Expand conducted a front-to-back assessment for a European asset manager, identifying areas of potential cost savings across operations and support functions. The client outsourced selected non-core activities using existing vendor arrangements and reinvested savings into automation, reducing manual work and increasing productivity.

How we can help

Front-to-Back Benchmarking

We benchmark total costs and productivity across Sales, Investment Management, Operations, IT and Support to identify optimisation opportunities and performance gaps.

Cost & Performance Analysis

Our analysis connects cost structures with business drivers to uncover inefficiencies and support data-driven operating-model redesign.

The Problem

  • ✔Lack of integrated cost and performance data limits strategic decision-making.
  • ✔Difficult to forecast AuM growth or prioritise markets without reliable benchmarking.
  • ✔Limited visibility into how peers allocate resources across products and geographies.

Client success stories

$120T AUM tracked by BCG Expand's Market Sizing offerings
+20 Years of historical market sizing data, providing comprehensive industry trends
+40 Detailed revenue pool and and AUM data for more than 40 markets
+3000 Metrics help provide asset managers with highly granular data when making market growth decisions

Case Studies

Global Asset Manager

A global asset manager engaged BCG Expand to assess market opportunities across 40+ markets and 10+ client segments. Using BCG Expand’s market-sizing model, the team analysed AUM trends, revenue pools, and segment-level growth trajectories to identify priority markets and product categories with the strongest medium-term opportunity.

How we can help

Strategic Benchmark Integration

We link cost and performance benchmarking with market-sizing data to provide a unified basis for planning and investment decisions.

Growth Scenario Modelling

Our proprietary model helps firms forecast AuM, prioritise markets and assess business initiatives against peer performance and growth trends.

The Problem

  • ✔ Resource allocation and vendor usage often lack benchmarking context.
  • ✔Inefficient FTE mix or location strategy drives up costs and constrains flexibility.
  • ✔Limited collaboration and knowledge-sharing across industry peers.

Client success stories

Benchmarks identified opportunities to rebalance FTE mix and optimise vendor use.
Clients improved location strategy and achieved lower cost-per-head rates.
Collaboration through roundtables and bespoke projects drove continuous improvement.

Case Studies

Tier-1 European Bank

Findings presented to the global board shaped the institution’s Risk & Compliance strategy for the following year and led to a three-year engagement extension.

Nordic Bank

After reviewing a comprehensive maturity assessment, the bank re-engaged with BCG Expand, citing actionable insights and improved relationship value.

How we can help

Resourcing & Rate Benchmarking

We benchmark FTE mix, location and vendor usage across global peer groups to identify rate differentials and cost-saving opportunities.

Peer Collaboration

Through bespoke projects and annual roundtables, we facilitate peer-to-peer engagement and share best practices to help clients maintain year-over-year performance gains.

Insights

From Recovery to Reinvention

2025 BCG Global Asset Management Report

Read the report

AI & the Next Wave of Transformation

2024 BCG Global Asset Management Report

Read the report

"In terms of quality and content BCG Expand’s KYC benchmark was by far the best available on the market."

Global Head of KYC Operations European Bank

"The benchmarking finally helped us quantify value in a space where ROI is hard to measure."

Risk Head Nordic Bank

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