As the asset management industry undergoes a period of restructuring and realignment, independence is emerging as an important strategic asset when it comes to gathering assets, building a brand and attracting and retaining employees.

Independence is not without its challenges, however. In particular, tension often exists between the members of the founding generation, who understandably want to realize fair market value for the firm as they head towards retirement, and the desire to maintain the firm's legacy and independence.

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