Asset Management / Performance Benchmarking

Performance Benchmarking

BCG Expand has 20+ years of experience running annual front-to-back benchmarking with ~150 players covered across regions. The benchmarking provides clients with an opportunity to diagnose their front-to-back operations and business performance.

Performance Benchmarking

Gain a holistic view of how your wealth management business performs across financial outcomes and front office performance.

Why Performance Benchmarking

  • ✔Provides a holistic front-to-back view of how your asset management business is performing and of opportunities globally and across each region.
  • ✔Access data sourced from over 15o global asset managers
  • ✔Analyze performance by asset class, function, or other custom cuts
  • ✔Access custom peer groups, normalized for firm size and complexity, to ensure robust, like-for-like comparisons.

Types of analysis

Business performance benchmarking

Analysis by product/client/region, including pricing, revenues and flows

Efficiency

Detailed cost and FTE analysis of the entire Asset Management value chain (Sales & Marketing, Investment Mgmt. & Trade Execution, Operations, IT, Bus. Mgmt. & Support)

Deep-dives

Granular views of IT, Operations and Market Data, validated across 50+ firms including cost type breakdowns, FTE analysis and effectiveness / productivity

By the numbers

~150 firms in the benchmark
5000+ metrics covered
~70% of global AUM covered in the benchmark

Case Studies

Global Asset Manager

Profitability benchmarking drove renewed focus on efficiency and margin improvement. Benchmarking revealed higher cost intensity and margin pressure relative to peers. Analysis informed targeted actions to enhance operating efficiency 

Identified the need to refocus the investment strategy portfolio toward scalable, high-performing propositions 

Global Asset Manager

Analysis highlighted areas where potential cost savings could be realized. This resulted in incremental outsourcing of some non-core activity, leveraging existing vendor arrangements to achieve competitive market rates. 

In addition, savings were redirected into Technology automation, reducing manual repetitive work and allowing internal staff to be allocated to more value-add tasks. 

Global Asset Manager

Provided a forecasted projection of Technology spend to gain clarity on firm mergers. The client was struggling with complexity following a series of mergers and acquisitions over the last 10 years, resulting in rising costs. BCG Expand partnered with the client as part of a front-to-back cost cutting project to identify potential savings. 

Identification of 25-40% reductions on total Technology, Operations and Market Data spend 

Insights

From Recovery to Reinvention: (2025)

To continue on the path to growth, asset managers must adapt to the new market forces that are reshaping the industry.

Read the report

AI and the Next Wave of Transformation (2024)

The global asset management industry’s assets rose to nearly $120 trillion in 2023, reverting from a decline the year before. However, asset managers are facing a variety of challenges to their growth

Read the report

"BCG Expand's benchmarking gave us clarity on where to focus our strategy. The insights into global wealth segments helped refine our priorities and uncover high-potential markets."

Head of Strategy Global Financial Services Firm

"The analysis provided the confidence to invest in modernizing our legacy technology, even in a cost-cutting environment. It's delivered long-term savings and far greater transparency.”

Chief Operating Officer Global Wealth Manager

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