Due to today's wide array of investment options, the demand for asset management has sky rocketed, but the industry cannot expect similar growth in the future, according to a new report from Cerulli Associates, "Evaluating Asset Manager Addressable Marketplaces."

There are currently $21 trillion in total assets under management, nearly double the amount of professionally managed assets in 1995, according to the August Cerulli Report. However, as the industry matures, it must anticipate the game of asset gathering will change significantly.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.