With federal regulators increasing scrutiny of asset managers and adopting a broken windows approach, a recent Cerulli Associates study suggests that the industry could be transformed by regulation designed to protect retiree portfolios from being drained by high fees and bad investments.

There are several key implications for asset managers in a continuing crackdown on financial products for retirees that began after the economic and financial crises of 2008 and 2009, writes Bing Waldert, a director at Cerulli.

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.