There’s gold in them thar retirement asset hills.
And the asset management industry as a whole isn’t doing too badly, either, with the fund companies that manage participants’ retirement assets making up just one slice of a very lucrative pie.
Just how lucrative? If you ask the Boston Consulting Group (BCG), they’ll tell you that total assets in the industry set a new record in 2014, totaling $74 trillion, while profits gained a hefty 7 percent to $102 billion.
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