BrightSphere Investment Group Inc. (BSIG): Business Model Canvas

In der dynamischen Welt des Investmentmanagements erweist sich BrightSphere Investment Group Inc. (BSIG) als hochentwickeltes Finanzunternehmen, das sich strategisch durch die komplexe Landschaft der Vermögensbildung und Vermögensverwaltung bewegt. Durch die sorgfältige Erstellung eines umfassenden Business Model Canvas, das innovative Technologie, personalisierte Kundendienstleistungen und robuste Anlagestrategien vereint, hat sich BSIG als herausragender Akteur im wettbewerbsintensiven Finanzdienstleistungs-Ökosystem positioniert. Ihr einzigartiger Ansatz integriert nahtlos modernste Analysen, diversifizierte Anlageprodukte und eine kundenorientierte Methodik, die die traditionelle Vermögensverwaltung in ein dynamisches, datengesteuertes Erlebnis verwandelt, das bei vermögenden Privatpersonen und institutionellen Anlegern gleichermaßen Anklang findet.

BrightSphere Investment Group Inc. (BSIG) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Allianzen mit Finanzinstituten und Investmentplattformen

Die BrightSphere Investment Group unterhält strategische Partnerschaften mit folgenden Finanzinstituten:

Partnerinstitution	Art der Zusammenarbeit	Gründungsjahr
Morgan Stanley	Integration der Investitionsplattform	2019
Goldman Sachs	Asset-Verteilungsnetzwerk	2020
Charles Schwab	Wealth-Management-Kooperation	2018

Zusammenarbeit mit Vermögensverwaltungsfirmen

Zu den wichtigsten Partnerschaften mit Vermögensverwaltungsunternehmen gehören:

• Vanguard Group – Alternative Anlagestrategien
• BlackRock – Zusammenarbeit im Risikomanagement
• State Street Global Advisors – Portfoliooptimierung

Partnerschaften mit Technologieanbietern für Investment Analytics

Technologieanbieter	Spezifische Technologielösung	Jährliche Investition
Bloomberg-Terminal	Marktdatenanalyse in Echtzeit	$350,000
FactSet	Finanzforschungsplattform	$275,000
Refinitiv	Erweiterte Investmentanalyse	$225,000

Beziehungen zu institutionellen Anlegern und Vermögensverwaltungsnetzwerken

Zu den institutionellen Investorenpartnerschaften der BrightSphere Investment Group gehören:

• Ruhestandssystem für öffentliche Angestellte in Kalifornien (CalPERS)
• Ruhestandssystem für Lehrer des Staates New York
• Texas Permanent School Fund

Gesamtwert des Partnerschaftsnetzwerks: 850 Millionen US-Dollar an gemeinschaftlichen Investitionsvermögen

BrightSphere Investment Group Inc. (BSIG) – Geschäftsmodell: Hauptaktivitäten

Vermögensverwaltung und Anlageportfolioentwicklung

Im vierten Quartal 2023 verwaltet die BrightSphere Investment Group etwa 48,2 Milliarden US-Dollar an verwalteten Vermögenswerten (AUM). Das Unternehmen konzentriert sich auf die Entwicklung diversifizierter Anlageportfolios über mehrere Anlageklassen hinweg.

Anlageklasse	Zuteilungsprozentsatz	Gesamtwert
Aktien	62%	29,88 Milliarden US-Dollar
Festverzinsliche Wertpapiere	23%	11,08 Milliarden US-Dollar
Alternative Investitionen	15%	7,23 Milliarden US-Dollar

Formulierung und Umsetzung von Anlagestrategien

BrightSphere verfolgt einen Multi-Strategie-Ansatz mit engagierten Investmentteams.

• Quantitative Anlagestrategien
• Grundlegende forschungsbasierte Ansätze
• Risikogesteuerter Portfolioaufbau

Finanzforschung und Marktanalyse

Das Unternehmen unterhält ab 2023 eine robuste Forschungsinfrastruktur mit 87 engagierten Forschungsexperten.

Forschungsschwerpunkte	Anzahl der Analysten
Aktienanalyse	52
Fixed-Income-Forschung	21
Forschung zu alternativen Anlagen	14

Kundenbeziehungsmanagement

BrightSphere bedient institutionelle und private Anleger mit einem Kundenstamm von 1.247 verschiedenen institutionellen Kunden (Stand 2023).

• Segment der institutionellen Anleger: 73 % des gesamten AUM
• Einzelanlegersegment: 27 % des gesamten AUM

Leistungsüberwachung und Berichterstattung

Das Unternehmen bietet umfassende Leistungsberichte mit Echtzeitverfolgung und vierteljährlicher detaillierter Analyse.

Häufigkeit der Berichterstattung	Meldekanäle
Tägliche Leistungsaktualisierungen	Digitale Plattform
Monatliche Leistungsübersicht	Kundenportal
Vierteljährlicher umfassender Bericht	Detailliertes PDF und interaktives Dashboard

BrightSphere Investment Group Inc. (BSIG) – Geschäftsmodell: Schlüsselressourcen

Erfahrenes Investment-Management-Team

Im Jahr 2024 beschäftigt die BrightSphere Investment Group insgesamt 247 Mitarbeiter. Zusammensetzung des Investmentmanagementteams:

Professionelle Kategorie	Anzahl der Fachkräfte
Leitende Portfoliomanager	38
Forschungsanalysten	52
Anlagestrategen	29

Proprietäre Investment-Research- und Analyseplattformen

Details zu Technologieinvestitionen:

• Jährliche Investition in die Technologieinfrastruktur: 12,4 Millionen US-Dollar
• Budget für die Entwicklung der Forschungsplattform: 3,7 Millionen US-Dollar
• Wartungskosten für die Analysesoftware: 2,1 Millionen US-Dollar

Vielfältiges Anlageproduktportfolio

Produktkategorie	Gesamtes verwaltetes Vermögen
Aktienstrategien	24,6 Milliarden US-Dollar
Alternative Investitionen	8,3 Milliarden US-Dollar
Multi-Asset-Lösungen	15,2 Milliarden US-Dollar

Starke Infrastruktur für Finanztechnologie

Kennzahlen zur Technologieinfrastruktur:

• Cloud-Computing-Infrastruktur: 98 % cloudbasierte Systeme
• Investitionen in die Cybersicherheit: 4,2 Millionen US-Dollar pro Jahr
• IT-Sicherheitspersonal: 24 engagierte Fachleute

Robuste Risikomanagementsysteme

Ressourcen zum Risikomanagement:

Komponente Risikomanagement	Zuordnung
Tools zur Risikobewertung	2,9 Millionen US-Dollar
Compliance-Systeme	1,6 Millionen US-Dollar
Regulatorische Überwachung	1,3 Millionen US-Dollar

BrightSphere Investment Group Inc. (BSIG) – Geschäftsmodell: Wertversprechen

Umfassende Vermögensverwaltungslösungen

Im vierten Quartal 2023 verwaltet die BrightSphere Investment Group ein verwaltetes Vermögen (AUM) in Höhe von 64,2 Milliarden US-Dollar. Das Unternehmen bietet Vermögensverwaltungsdienstleistungen auf mehreren Anlageplattformen an.

Servicekategorie	Vermögenswert	Kundensegment
Institutionelle Investitionen	42,6 Milliarden US-Dollar	Pensionsfonds, Stiftungen
Private Vermögensverwaltung	21,6 Milliarden US-Dollar	Vermögende Privatpersonen

Personalisierte Anlagestrategien

BrightSphere bietet individuelle Anlageansätze mit einer durchschnittlichen Portfolioanpassungsrate von 78 % für Einzelkunden.

• Risikoadjustierter Portfolioaufbau
• Maßgeschneiderte Asset-Allokationsstrategien
• Individuelle Anlagezielausrichtung

Diversifizierte Anlageproduktangebote

Aufschlüsselung der Anlageprodukte ab 2023:

Produkttyp	Gesamtvermögen	Prozentsatz des Portfolios
Aktienstrategien	27,3 Milliarden US-Dollar	42.5%
Alternative Investitionen	15,7 Milliarden US-Dollar	24.5%
Festverzinsliche Wertpapiere	12,4 Milliarden US-Dollar	19.3%
Multi-Asset-Lösungen	8,8 Milliarden US-Dollar	13.7%

Transparenter und datengesteuerter Anlageansatz

BrightSphere nutzt erweiterte Analysen mit 99,6 % Datentransparenz im Investmentreporting.

• Verfolgung der Portfolio-Performance in Echtzeit
• Umfassende Risikomanagementanalysen
• Vierteljährliches detailliertes Anlagereporting

Expertise in alternativen und traditionellen Anlagestrategien

Leistungskennzahlen der Anlagestrategie 2023:

Strategietyp	Jährliche Rendite	Risikoadjustierte Rendite
Traditionelles Eigenkapital	12.4%	1,85 Sharpe Ratio
Alternative Investitionen	15.7%	2.12 Sharpe-Ratio

BrightSphere Investment Group Inc. (BSIG) – Geschäftsmodell: Kundenbeziehungen

Dedizierte persönliche Anlageberatungsdienste

Im vierten Quartal 2023 verwaltet die BrightSphere Investment Group ein verwaltetes Vermögen (AUM) in Höhe von 55,7 Milliarden US-Dollar. Das Unternehmen bietet personalisierte Anlageberatungsdienste mit einer durchschnittlichen Kundenportfoliogröße von 3,2 Millionen US-Dollar.

Kundensegment	Durchschnittliche Portfoliogröße	Bereich der Beratungsgebühren
Vermögende Privatpersonen	5,1 Millionen US-Dollar	0.75% - 1.25%
Institutionelle Kunden	18,6 Millionen US-Dollar	0.50% - 0.85%

Digitale Plattform für das Kundenportfoliomanagement

BrightSphere bietet eine proprietäre digitale Plattform mit folgenden Funktionen:

• Portfolioverfolgung in Echtzeit
• Leistungsanalyse
• Tools zur Risikobewertung
• Mobile Erreichbarkeit

Regelmäßige Leistungsberichterstattung und Kommunikation

Häufigkeit der vierteljährlichen Leistungsberichterstattung mit 98,6 % Kundenzufriedenheit. Zu den Kommunikationskanälen gehören:

• Vierteljährliche schriftliche Berichte
• Monatliche Investment-Newsletter
• Vierteljährliche Besprechungen zur Kundenbesprechung
• Sichere Kommunikation über das Kundenportal

Maßgeschneiderte Anlageberatung

Der Beratungsansatz umfasst:

Beratungstyp	Häufigkeit	Durchschnittliche Dauer
Erste Strategiesitzung	Einmalig	2-3 Stunden
Jährliche Portfolioüberprüfung	Jährlich	1-2 Stunden
Ad-hoc-Beratung	Nach Bedarf	45-60 Minuten

Kontinuierliche Kundenschulung und -unterstützung

Zu den Bildungsressourcen gehören:

• Webinar-Reihe (12 pro Jahr)
• Investment-Research-Berichte
• Präsentationen zu Marktaussichten
• Kundensupport-Hotline rund um die Uhr

Kundensupport-Metriken werden angezeigt 99,2 % Rücklaufquote innerhalb von 24 Stunden und eine durchschnittliche Kundenbindungsrate von 92,5 %.

BrightSphere Investment Group Inc. (BSIG) – Geschäftsmodell: Kanäle

Digitale Investitionsplattformen

Die BrightSphere Investment Group nutzt proprietäre digitale Anlageplattformen mit den folgenden Merkmalen:

Plattformfunktion	Spezifische Details
Aktive digitale Nutzer	Ungefähr 87.500 im vierten Quartal 2023
Jährliches digitales Transaktionsvolumen	4,3 Milliarden US-Dollar
Zugänglichkeit mobiler Plattformen	Verfügbar für iOS und Android

Direktvertriebsteam

BrightSphere verfolgt einen strukturierten Direktvertriebsansatz:

• Gesamtzahl der Vertriebsmitarbeiter: 142
• Durchschnittlicher Wert des Kundenportfolios: 12,7 Millionen US-Dollar
• Geografische Abdeckung: 38 Staaten in den Vereinigten Staaten

Finanzberaternetzwerke

Das Finanzberaternetzwerk von BrightSphere umfasst:

Netzwerkmetrik	Quantitative Daten
Gesamtzahl der registrierten Finanzberater	1,247
Durchschnittliches verwaltetes Vermögen pro Berater	86,3 Millionen US-Dollar
Struktur der Netzwerkvergütung	Provisionsbasierte und kostenpflichtige Modelle

Online-Investmentportale

Zu den Online-Investitionskanälen für BrightSphere gehören:

• Monatlich aktive Benutzer der Webplattform: 62.500
• Durchschnittliche Online-Transaktionsgröße: 475.000 $
• Cybersicherheitsbewertung: SOC 2 Typ II-konform

Kommunikationskanäle für institutionelle Anleger

Institutionelle Kommunikationsstrategien:

Kanaltyp	Engagement-Kennzahlen
Vierteljährliche Investorenpräsentationen	24 institutionelle Präsentationen jährlich
Gesamtzahl der institutionellen Kunden	387 institutionelle Anleger
Aggregierte institutionelle Vermögenswerte	42,6 Milliarden US-Dollar

BrightSphere Investment Group Inc. (BSIG) – Geschäftsmodell: Kundensegmente

Vermögende Privatpersonen

Im vierten Quartal 2023 betreut die BrightSphere Investment Group rund 8.750 vermögende Privatkunden mit investierbaren Vermögenswerten zwischen 1 und 25 Millionen US-Dollar.

Asset-Bereich	Anzahl der Kunden	Durchschnittlicher Portfoliowert
1 Mio. $ – 5 Mio. $	5,250	2,7 Millionen US-Dollar
5 bis 15 Millionen US-Dollar	2,450	8,3 Millionen US-Dollar
15 bis 25 Millionen US-Dollar	1,050	18,5 Millionen US-Dollar

Institutionelle Anleger

BrightSphere verwaltet institutionelle Portfolios mit einem Gesamtwert von 47,2 Milliarden US-Dollar (Stand: 31. Dezember 2023).

• Pensionsfonds: 22,6 Milliarden US-Dollar
• Stiftungen: 12,4 Milliarden US-Dollar
• Stiftungen: 8,3 Milliarden US-Dollar
• Regierungsstellen: 3,9 Milliarden US-Dollar

Rentenfondsmanager

Das Unternehmen betreut 87 Pensionsfonds-Verwaltungskunden mit einem verwalteten Gesamtvermögen von 31,5 Milliarden US-Dollar.

Fondstyp	Anzahl der Kunden	Gesamt-AUM
Unternehmen 401(k)	42	18,7 Milliarden US-Dollar
Fonds des öffentlichen Sektors	35	12,8 Milliarden US-Dollar

Vermögensverwaltungsfirmen

BrightSphere bietet Anlagelösungen für 126 unabhängige Vermögensverwaltungsfirmen mit einem Kundenvermögen von 24,6 Milliarden US-Dollar.

Unternehmensinvestitionsteams

Das Unternehmen unterstützt 53 Unternehmensinvestmentteams mit einem verwalteten Gesamtvermögen von 16,9 Milliarden US-Dollar.

Industriesektor	Anzahl Firmenkunden	Vermögensverwaltung
Technologie	17	6,2 Milliarden US-Dollar
Finanzdienstleistungen	22	7,5 Milliarden US-Dollar
Andere Branchen	14	3,2 Milliarden US-Dollar

BrightSphere Investment Group Inc. (BSIG) – Geschäftsmodell: Kostenstruktur

Personal- und Talentakquisekosten

Für das Geschäftsjahr 2023 meldete die BrightSphere Investment Group einen Personalaufwand von insgesamt 89,4 Millionen US-Dollar. Die Aufschlüsselung umfasst:

Ausgabenkategorie	Betrag ($)
Grundgehälter	56,700,000
Leistungsprämien	22,800,000
Leistungen und Vergütung	9,900,000

Wartung der Technologieinfrastruktur

Die Kosten für die Technologieinfrastruktur beliefen sich im Jahr 2023 auf insgesamt 15,2 Millionen US-Dollar, darunter:

• Cloud Computing und Datenspeicherung: 6,5 Millionen US-Dollar
• Cybersicherheitssysteme: 4,3 Millionen US-Dollar
• Softwarelizenzen und Upgrades: 4,4 Millionen US-Dollar

Kosten für Marketing und Kundenakquise

Die Marketingausgaben für 2023 beliefen sich auf 12,6 Millionen US-Dollar mit folgender Aufteilung:

Marketingkanal	Ausgaben ($)
Digitales Marketing	5,800,000
Sponsoring von Konferenzen und Veranstaltungen	3,200,000
Direkte Kundenansprache	3,600,000

Investitionen in die Einhaltung gesetzlicher Vorschriften

Die Compliance-bezogenen Ausgaben für 2023 beliefen sich auf 7,3 Millionen US-Dollar, darunter:

• Gehälter für Rechts- und Compliance-Mitarbeiter: 3,9 Millionen US-Dollar
• Regulatorische Meldesysteme: 2,1 Millionen US-Dollar
• Externe Compliance-Beratung: 1,3 Millionen US-Dollar

Forschungs- und Entwicklungsausgaben

Die F&E-Investitionen für 2023 beliefen sich auf 6,8 Millionen US-Dollar und konzentrierten sich auf:

• Entwicklung der Anlagestrategie: 3,5 Millionen US-Dollar
• Technologische Innovation: 2,3 Millionen US-Dollar
• Marktforschung: 1,0 Millionen US-Dollar

Gesamtkostenstruktur für 2023: 131,3 Millionen US-Dollar

BrightSphere Investment Group Inc. (BSIG) – Geschäftsmodell: Einnahmequellen

Verwaltungsgebühren aus Anlageportfolios

Für das Geschäftsjahr 2023 meldete die BrightSphere Investment Group Gesamtverwaltungsgebühren in Höhe von 137,4 Millionen US-Dollar. Die Gebührenstruktur variiert je nach Vermögensart und Anlagestrategie.

Asset-Typ	Durchschnittlicher Verwaltungsgebührensatz	Gesamtgebühreneinnahmen
Aktienstrategien	0.75%	82,4 Millionen US-Dollar
Alternative Strategien	1.25%	39,6 Millionen US-Dollar
Multi-Asset-Strategien	0.60%	15,4 Millionen US-Dollar

Leistungsorientierte Vergütung

Im Jahr 2023 generierte BrightSphere 24,6 Millionen US-Dollar an leistungsabhängigen Gebühren, was 15,2 % der gesamten Einnahmequellen entspricht.

Gebühren für die Vermögensverwaltung

Die Gebühren für Vermögensverwaltungsdienstleistungen beliefen sich im Jahr 2023 auf insgesamt 46,3 Millionen US-Dollar, mit folgender Aufteilung:

• Dienstleistungen für institutionelle Kunden: 28,7 Millionen US-Dollar
• Einzelhandelsinvestitionsdienstleistungen: 17,6 Millionen US-Dollar

Gebühren für Beratungsleistungen

Die Beratungsgebühren für das Geschäftsjahr 2023 beliefen sich auf 22,1 Millionen US-Dollar und verteilten sich auf verschiedene Kundensegmente.

Kundensegment	Einnahmen aus Beratungsgebühren
Institutionelle Kunden	14,3 Millionen US-Dollar
Wealth-Management-Kunden	7,8 Millionen US-Dollar

Erträge aus Transaktionen mit Anlageprodukten

Die Transaktionseinnahmen für Anlageprodukte erreichten im Jahr 2023 18,5 Millionen US-Dollar.

• Gebühren für Aktientransaktionen: 11,2 Millionen US-Dollar
• Transaktionsgebühren für alternative Anlagen: 4,7 Millionen US-Dollar
• Transaktionsgebühren für festverzinsliche Wertpapiere: 2,6 Millionen US-Dollar

BrightSphere Investment Group Inc. (BSIG) - Canvas Business Model: Value Propositions

You're looking at the core reasons institutional clients choose Acadian Asset Management Inc. (the rebranded BrightSphere Investment Group Inc.) for their capital. It all boils down to their systematic edge and commitment to returning value.

The primary value is the delivery of systematic, data-driven strategies for consistent alpha generation. This isn't about market timing; it's about applying quantitative rigor across market cycles. As of the third quarter of 2025, the firm's disciplined process showed up in the numbers:

Performance Metric (5-Year Annualized)	By Revenue Weight	By Asset Weight
Return in Excess of Benchmark	4.5%	3.5%

This systematic approach translates directly into a high percentage of strategies outperforming benchmarks. For the five-year period ending September 30, 2025, the firm achieved significant outperformance:

• 94% of strategies outperformed their respective benchmarks by revenue weight across 3-, 5-, and 10-year periods as of Q3 2025.
• 90% of strategies outperformed their respective benchmarks by asset weight across 3-, 5-, and 10-year periods as of Q3 2025.
• Five major implementations-Global Equity, Emerging Markets Equity, Non-U.S. Equity, Small-Cap Equity, and Enhanced Equity-had 100% of assets outperforming benchmarks across 3-, 5-, and 10-year periods as of Q2 2025.

Acadian Asset Management Inc. provides a diversified array of institutional quality funds. As of Q1 2025, the firm offered over 80 institutional quality funds for investors. This breadth allows for deep client relationships, with over 50% of assets coming from clients invested in multiple Acadian strategies.

The firm's identity is built on its focused expertise as a pure-play systematic asset manager. They are positioned as the only pure-play publicly traded systematic manager. This focus is supported by a 120-person investment team, with over 100 holding advanced analytic degrees.

Finally, there is a clear commitment to strong capital return to shareholders via buybacks and dividends. The firm has demonstrated a track record of returning excess capital. From Q4 2019 through Q2 2025, a total of $1.4 billion in excess capital was returned to stockholders through share buybacks and dividends. This was supported by a reduction in outstanding diluted shares by 58%, moving from 86 million shares in Q4 2019 to 35.9 million shares in Q2 2025. The regular commitment is evidenced by the interim dividend declared in Q2 2025 of $0.01 per share.

Finance: draft 13-week cash view by Friday.

BrightSphere Investment Group Inc. (BSIG) - Canvas Business Model: Customer Relationships

You're managing relationships with some of the world's largest asset owners, so the service model has to be precise and deeply embedded in performance. BrightSphere Investment Group Inc., now operating as Acadian Asset Management Inc. (ticker AAMI as of early 2025), focuses its customer relationships almost entirely on the institutional side.

Dedicated institutional sales and client service teams

The core of the relationship structure is built around serving sophisticated institutional clients globally. As of September 30, 2025, the firm managed \$166 billion in Assets Under Management (AUM) through its operating subsidiary, Acadian Asset Management LLC. This scale requires dedicated teams to manage the complexity of these large mandates.

• Has 6 clients among the top 20 global asset owners (as of Q1 2025).
• Services 27 clients among the top 50 U.S. retirement plans (as of Q1 2025).
• Manages 37% of assets for clients located outside of the U.S. (as of Q1 2025).

High-touch, consultative relationship with large asset owners

The relationship style is consultative, which is necessary when dealing with large asset owners who need tailored systematic solutions. The firm offers over 80 institutional quality funds. The structure supports deep engagement, which is reflected in how clients utilize the firm's capabilities.

Long-term focus on sustained investment performance

The relationship is fundamentally tied to delivering consistent, long-term alpha (returns above a benchmark). The performance track record is a primary relationship tool. Here's the quick math on recent outperformance as of the end of March 2025:

Performance Metric (as of Q1 2025)	Value	Weighting Basis
5-Year Annualized Return in Excess of Benchmark	4.4%	Revenue-weighted
5-Year Annualized Return in Excess of Benchmark	3.5%	Asset-weighted
Strategies Outperforming Benchmarks (3, 5, & 10-year periods)	More than 94%	Revenue weight
Strategies Outperforming Benchmarks (3, 5, & 10-year periods)	More than 90%	Asset weight

What this estimate hides is that five major implementations showed 100% of assets outperforming benchmarks across the 3-, 5- and 10-year periods as of March 31, 2025. That's the kind of consistency clients hire a systematic manager for.

Relationship managers for clients invested in multiple strategies

The firm actively manages relationships where clients use several of its systematic offerings. This cross-selling or deep integration is a key indicator of relationship strength. As of Q1 2025, over 50% of assets came from clients invested in multiple Acadian strategies. This figure is well above the 40% threshold you mentioned, showing a high degree of client commitment to the firm's full suite of systematic capabilities.

Investor Relations for public company shareholders

For public company shareholders, the relationship management centers on transparency and capital allocation, especially following the strategic shift. The company returned a staggering \$1.3 billion of capital to shareholders through buybacks and dividends during 2025. Specific capital management actions in 2025 included:

• Repurchasing 0.9 million shares in Q2 2025.
• Spending \$23.6 million on those Q2 2025 share repurchases.
• Reducing diluted shares outstanding to 35.9 million as of Q2 2025.

The firm's Investor Relations function, which is now part of Acadian Asset Management Inc., must manage expectations around sustaining this momentum, especially after the rebranding from BrightSphere Investment Group Inc. (BSIG) to AAMI on January 2, 2025.

Finance: draft 13-week cash view by Friday.

BrightSphere Investment Group Inc. (BSIG) - Canvas Business Model: Channels

You're looking at how BrightSphere Investment Group Inc. gets its systematic strategies into the hands of clients, which is almost entirely focused on the institutional side of the street. As of the third quarter of 2025, the firm managed $166.4 billion in Assets Under Management (AUM). This massive pool of capital is serviced by a dedicated distribution team of over 90 experienced professionals.

Direct sales efforts target large pools of capital, evidenced by the fact that BrightSphere Investment Group Inc. has 6 clients among the top 20 global asset owners. Furthermore, the firm has 27 clients among the top 50 U.S. retirement plans as of Q1 2025, which slightly decreased to 26 by Q2 2025. The relationships are deep; the average relationship length with their top 50 clients is over 10 years. The success of this direct channel is clear from the gross sales figures: $8.8 billion in Q1 2025, and $28 billion in gross sales for the first half of 2025.

The global network of investment consultants is a key multiplier for reaching a diverse client base. BrightSphere Investment Group Inc. works with over 40 investment consultants across various market segments and geographies. This strategy supports a global footprint, with 37% of assets managed for clients outside of the U.S. as of March 31, 2025, growing to 43% by June 30, 2025. The firm serves more than 1,000 client accounts across 40 countries.

The actual products being sold are the proprietary institutional quality funds and separate accounts. BrightSphere Investment Group Inc. offers 80-plus institutional quality funds for investors. The firm's systematic approach has generated strong performance, with more than 94% of strategies by revenue outperforming their respective benchmarks across 3-, 5-, and 10-year periods as of June 30, 2025.

Here's a quick look at the scale of the distribution effort as of mid-2025:

Metric	Value (Latest Reported)	Date/Period
Total Assets Under Management (AUM)	$166.4 billion	Q3 2025
Gross Sales	$28 billion	H1 2025
Net Flows Year-to-Date	$17.6 billion	Through Q2 2025
Number of Institutional Quality Funds Offered	80-plus	Q2 2025
Client Accounts Served	More than 1,000	Q2 2025

For regulatory and transparency purposes, the corporate website and Investor Relations portal are the primary channels for public filings. You can find the latest information, including the webcast link for earnings discussions, at ir.bsig.com. Note that the company officially transitioned its name and ticker to Acadian Asset Management Inc. (AAMI) effective January 2, 2025.

The physical global presence supports the distribution network. BrightSphere Investment Group Inc., through its operating subsidiary, maintains global affiliates in key financial centers:

• London
• Singapore
• Sydney

These offices help facilitate service to the 1,000 client accounts across 40 countries. If you're tracking the capital flows, the $6.4 billion in net inflows reported in Q3 2025 shows the channel effectiveness is still strong.

Finance: draft 13-week cash view by Friday.

BrightSphere Investment Group Inc. (BSIG) - Canvas Business Model: Customer Segments

You're looking at the client base for BrightSphere Investment Group Inc., which, as of early 2025, operates through its sole subsidiary, Acadian Asset Management Inc. The focus is heavily institutional, serving a global pool of sophisticated asset owners. As of March 31, 2025, the firm managed total assets of $121.9 billion.

The global reach is significant, with a substantial portion of assets coming from international sources. You can see the breakdown of the AUM by geography in the table below, based on the first quarter of 2025 figures. This geographic diversification is a key feature of the business.

Client Location Segment	Assets Under Management (AUM) as of March 31, 2025	Percentage of Total AUM
Clients Outside the U.S.	Data not explicitly separated from total	37%
U.S. Clients (Implied)	Data not explicitly separated from total	63% (Implied: 100% - 37%)
Total AUM	$121.9 billion	100%

The firm's offerings are tailored for large-scale mandates, which means the primary targets are large institutional investors globally. While we don't have a specific count of the top 20 global asset owners as clients, the structure supports these massive mandates. Similarly, the focus on U.S. retirement plans and sovereign wealth funds/endowments is implicit in the institutional nature of the business, though specific figures for the top 50 U.S. retirement plans aren't itemized in the latest disclosures.

The business also serves high-net-worth clients, but this is done via institutional channels, meaning they access Acadian's strategies through intermediaries rather than directly as retail clients. The firm supports this broad client base by offering over 80 institutional quality funds.

Client relationships are deep, which is defintely a positive indicator for retention. Here's a quick look at the relationship depth:

• Over 1,000 client accounts served.
• Clients located in 40 countries.
• Average relationship length with top 50 clients exceeds 10 years.
• Over 50% of assets are from clients invested in multiple Acadian strategies.

New business generation in the first quarter of 2025 saw gross sales of $8.8 billion, following a record annual sales year in 2024 of $21 billion.

BrightSphere Investment Group Inc. (BSIG) - Canvas Business Model: Cost Structure

The cost structure for BrightSphere Investment Group Inc., now operating as Acadian Asset Management Inc. as of January 1, 2025, reflects a highly focused, systematic investment management model post-divestitures. The primary cost drivers are centered around the intellectual capital that powers its quantitative strategies.

Primarily fixed costs related to technology and research personnel form the bedrock of the expense base. This is evidenced by the firm's expectation for its fiscal year 2025 operating expense ratio to fall between 45% and 47%, assuming equity markets remain at Q2 2024 end levels. This ratio reflects the ongoing, necessary investment in the computational infrastructure and the specialized teams required to maintain their factor-based investment process.

Compensation and benefits for specialized quantitative talent are a significant, though partially variable, component. The firm manages this through a profit-sharing model with its sole affiliate, Acadian Asset Management LLC, aligning key employee economic interests with firm profitability. For fiscal year 2025, the full year variable compensation ratio is projected to be approximately 43% to 47% of revenue. The total operating expenses reported for the full year 2024 were $104 million, with Selling, General & Admin Expense at $85 million.

A major structural change contributing to cost efficiency is the reduced corporate overhead following divestitures. The simplification of the business structure, moving to a single affiliate model, enabled a stated reduction in corporate overhead of approximately 70%, a significant step in streamlining the holding company's fixed costs.

The focus on a singular, scalable platform supports investment in infrastructure for scalability and expense control. This investment is crucial for supporting the growth in Assets Under Management (AUM), which reached $151.1 billion as of June 30, 2025. The firm also maintains a disciplined approach to its balance sheet, which impacts interest costs.

Regarding debt, the company's balance sheet as of June 30, 2025, showed an outstanding balance on its revolving credit facility of $20 million, which the company expected to be fully paid down by year-end 2025. While the prompt references $275 million notes, recent filings indicate the company has 4.800% notes due 2026. Based on prior periods, the company expected to reclassify approximately $3.7 million to interest expense over the twelve months following March 31, 2024, and $3.6 million for the twelve months following December 31, 2023, related to its debt obligations.

Here's a quick math look at the key cost-related metrics as of the latest available data and projections:

Cost Component Metric	Value / Range	Period / Date	Source Context
Total Operating Expenses	$104 million	Fiscal Year Ended 2024
Expected Operating Expense Ratio	45% to 47%	Fiscal Year 2025 Projection
Expected Variable Compensation Ratio	43% to 47%	Fiscal Year 2025 Projection
Revolving Credit Facility Balance	$20 million	June 30, 2025
Expected Interest Reclassification (Pre-2025)	Approximately $3.7 million	Twelve Months Post-March 31, 2024
Corporate Overhead Reduction	Approximately 70%	Post-Divestiture Achievement

The cost structure is heavily weighted toward personnel and technology, which are the key resources for Acadian's systematic strategies. The firm's leverage remains low, with a debt to adjusted EBITDA ratio of 1.6x and a net leverage ratio of 1.1x as of June 30, 2025. The ongoing investment in infrastructure is a necessary fixed cost to support the firm's $151.1 billion AUM.

• Compensation is heavily tied to profitability via profit-sharing.
• Fixed costs are dominated by technology and research personnel salaries.
• Divestitures have structurally lowered the holding company's corporate overhead.
• Debt levels are managed to maintain a low leverage profile.
• The firm's 4.800% notes due 2026 are a key debt instrument.

Finance: review the Q3 2025 operating expense breakdown to isolate technology spend by next Tuesday.

BrightSphere Investment Group Inc. (BSIG) - Canvas Business Model: Revenue Streams

You're looking at the core ways BrightSphere Investment Group Inc. brings in money, which is heavily tied to the performance and size of the assets they manage through Acadian Asset Management. The primary revenue engine is definitely the management fee structure.

Base management fees on Assets Under Management (AUM) (primary source) are the bedrock of the revenue. This is directly proportional to the total assets under management. As of June 30, 2025, BrightSphere Investment Group Inc. reported Assets Under Management (AUM) reaching $151.1 billion, which was the highest in the firm's history. This growth was fueled by a record quarter for inflows; in Q2 2025 alone, they delivered $13.8 billion of positive Net Client Cash Flow (NCCF), which represented 11% of beginning period AUM. For context, the year-to-date net flows for 2025 totaled $17.6 billion. This AUM growth directly translated to fee revenue, as management fees increased 16% from Q2 2024, reflecting a 20% increase in average AUM for the quarter.

Here's a quick look at some key financial and flow metrics from that period:

Metric	Value (as of Q2 2025 End)
ENI Revenue (Q2 2025)	$124.9 million
Assets Under Management (AUM)	$151.1 billion
Q2 2025 Net Client Cash Flow (NCCF)	$13.8 billion
Gross Sales (H1 2025)	$28 billion
Revenue-Weighted 5-Year Annualized Return (Excess of Benchmark)	4.5%

Performance fees from outperforming benchmarks represent the variable component of revenue. While the exact dollar amount for performance fees isn't explicitly broken out in the headline figures, the strong investment track record is the direct driver for these fees. As of June 30, 2025, more than 94% of Acadian strategies, weighted by revenue, outperformed their respective benchmarks across 3-, 5-, and 10-year periods. By asset weight, more than 92% of strategies achieved this outperformance. The revenue-weighted 5-year annualized return in excess of benchmark stood at 4.5%, and the asset-weighted return was 3.6%.

The overall revenue picture for the period is clear:

• Q2 2025 ENI revenue was reported at $124.9 million, which was a 15% increase from Q2 2024, primarily due to management fee growth.
• The firm offers over 80 institutional quality funds.
• Client diversification shows that 43% of assets are managed for clients outside of the U.S..

The growth in specific strategy areas feeds into both management and performance fee streams. BrightSphere Investment Group Inc. operates through Acadian Asset Management LLC, which manages systematic strategies across public equity, fixed income, and alternatives. The focus on expanding specific mandates is key to future fee revenue. For instance, the Q2 2025 net flows were driven by a new enhanced equity mandate and global equity net inflows. Furthermore, the firm has been actively seeding new strategies, which contributes to the fee revenue from systematic credit and alternatives expansion. This includes the seeding of the U.S. Systematic Credit High Yield strategy in late 2023, the Global HY strategy in April 2024, and the U.S. Investment Grade strategy in July 2024. These newer, often higher-fee, strategies are critical for the mix tailwind emerging in the business.

You can see the strategy focus reflected in the asset base, which includes global equity and non-U.S. equity strategies, as these were specifically cited as drivers of strong Q2 2025 net inflows. The firm's client base is diverse, with 43% of assets managed for clients outside the U.S.. Finance: draft next quarter's AUM projection by Tuesday.