As the industry endures market volatility and the onslaught of federal regulations, the search for cost reductions has become vital.
An already brutal year for large-cap managers, with only 18% beating the Russell 1000 Index through June 30, according to research.
In pulling their money out of property funds at such a rapid pace four asset managers froze withdrawals this week, the investors showed how the cost of Brexit is spreading.
In the second part of his interview with Money Management Executive, Menard expands on the firms strategy toward product innovation and what business it wont pursue.
Neil Menard, group president CNL Capital Markets and president of CNL Securities, said that there is still much industry uncertainty about managing change.