BrightSphere Investment Group Inc. (BSIG): Modelo de negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico da gestão de investimentos, o BrightSphere Investment Group Inc. (BSIG) surge como uma potência financeira sofisticada, navegando estrategicamente no complexo cenário da criação de riqueza e gerenciamento de ativos. Ao criar meticulosamente uma tela abrangente de modelo de negócios que combina tecnologia inovadora, serviços personalizados de clientes e estratégias de investimento robustas, a BSIG se posicionou como um participante formidável no ecossistema competitivo de serviços financeiros. Sua abordagem exclusiva integra perfeitamente análises de ponta, produtos de investimento diversificados e uma metodologia centrada no cliente que transforma o gerenciamento tradicional de patrimônio em uma experiência dinâmica e orientada a dados que ressoa com indivíduos de alta rede e investidores institucionais.

BrightSphere Investment Group Inc. (BSIG) - Modelo de negócios: Parcerias -chave

Alianças estratégicas com instituições financeiras e plataformas de investimento

O BrightSphere Investment Group mantém parcerias estratégicas com as seguintes instituições financeiras:

Instituição parceira	Tipo de colaboração	Ano estabelecido
Morgan Stanley	Integração da plataforma de investimento	2019
Goldman Sachs	Rede de distribuição de ativos	2020
Charles Schwab	Cooperação em gestão de patrimônio	2018

Colaboração com empresas de gerenciamento de ativos

As principais parcerias da empresa de gerenciamento de ativos incluem:

• Vanguard Group - estratégias de investimento alternativas
• BlackRock - Colaboração de Gerenciamento de Riscos
• Advisores Globais da State Street - Otimização do portfólio

Parcerias com provedores de tecnologia para análise de investimentos

Provedor de tecnologia	Solução tecnológica específica	Investimento anual
Terminal Bloomberg	Análise de dados de mercado em tempo real	$350,000
FACTSET	Plataforma de pesquisa financeira	$275,000
Refinitiv	Análise de investimento avançado	$225,000

Relacionamento com investidores institucionais e redes de gerenciamento de patrimônio

As parcerias de investidores institucionais do BrightSphere Investment Group incluem:

• Sistema de Aposentadoria dos Funcionários Públicos da Califórnia (Calpers)
• Sistema de Aposentadoria dos Professores do Estado de Nova York
• Fundo Escolar Permanente do Texas

Valor da rede de parceria total: US $ 850 milhões em ativos de investimento colaborativo

BrightSphere Investment Group Inc. (BSIG) - Modelo de negócios: Atividades -chave

Desenvolvimento de gerenciamento de ativos e portfólio de investimentos

A partir do quarto trimestre 2023, o BrightSphere Investment Group gerencia aproximadamente US $ 48,2 bilhões em ativos sob gestão (AUM). A empresa se concentra no desenvolvimento de portfólios diversificados de investimentos em várias classes de ativos.

Classe de ativos	Porcentagem de alocação	Valor total
Ações	62%	US $ 29,88 bilhões
Renda fixa	23%	US $ 11,08 bilhões
Investimentos alternativos	15%	US $ 7,23 bilhões

Formulação e execução da estratégia de investimento

O BrightSphere emprega uma abordagem multi-estratégia com equipes de investimentos dedicados.

• Estratégias de investimento quantitativo
• Abordagens fundamentais orientadas a pesquisas
• Construção de portfólio gerenciada pelo risco

Pesquisa financeira e análise de mercado

A empresa mantém uma infraestrutura de pesquisa robusta com 87 profissionais de pesquisa dedicados a partir de 2023.

Áreas de foco de pesquisa	Número de analistas
Pesquisa de ações	52
Pesquisa de renda fixa	21
Pesquisa de investimentos alternativos	14

Gerenciamento de relacionamento com o cliente

O BrightSphere atende investidores institucionais e individuais com uma base de clientes de 1.247 clientes institucionais distintos a partir de 2023.

• Segmento de investidores institucionais: 73% do total de AUM
• Segmento de investidores individuais: 27% do total de AUM

Monitoramento e relatório de desempenho

A empresa fornece relatórios abrangentes de desempenho com rastreamento em tempo real e análise trimestral detalhada.

Frequência de relatório	Canais de relatório
Atualizações diárias de desempenho	Plataforma digital
Resumo do desempenho mensal	Portal do cliente
Relatório abrangente trimestral	PDF detalhado e painel interativo

BrightSphere Investment Group Inc. (BSIG) - Modelo de negócios: Recursos -chave

Equipe experiente de gerenciamento de investimentos

A partir de 2024, o BrightSphere Investment Group possui 247 funcionários totais. Composição da equipe de gerenciamento de investimentos:

Categoria profissional	Número de profissionais
Gerentes de portfólio seniores	38
Analistas de pesquisa	52
Estrategistas de investimento	29

Plataformas proprietárias de pesquisa e análise de investimento

Detalhes de investimento em tecnologia:

• Investimento anual de infraestrutura de tecnologia: US $ 12,4 milhões
• Orçamento de desenvolvimento da plataforma de pesquisa: US $ 3,7 milhões
• Custo de manutenção de software de análise: US $ 2,1 milhões

Portfólio de produtos de investimento diversificado

Categoria de produto	Total de ativos sob gestão
Estratégias de patrimônio	US $ 24,6 bilhões
Investimentos alternativos	US $ 8,3 bilhões
Soluções multi-ativos	US $ 15,2 bilhões

Forte infraestrutura de tecnologia financeira

Métricas de infraestrutura de tecnologia:

• Infraestrutura de computação em nuvem: 98% de sistemas baseados em nuvem
• Investimento de segurança cibernética: US $ 4,2 milhões anualmente
• Pessoal de segurança de TI: 24 profissionais dedicados

Sistemas robustos de gerenciamento de riscos

Recursos de gerenciamento de riscos:

Componente de gerenciamento de riscos	Alocação
Ferramentas de avaliação de risco	US $ 2,9 milhões
Sistemas de conformidade	US $ 1,6 milhão
Monitoramento regulatório	US $ 1,3 milhão

BrightSphere Investment Group Inc. (BSIG) - Modelo de Negócios: Proposições de Valor

Soluções abrangentes de gerenciamento de patrimônio

A partir do quarto trimestre 2023, o BrightSphere Investment Group gerencia US $ 64,2 bilhões em ativos sob gestão (AUM). A empresa fornece serviços de gerenciamento de patrimônio em várias plataformas de investimento.

Categoria de serviço	Valor do ativo	Segmento de cliente
Investimentos institucionais	US $ 42,6 bilhões	Fundos de pensão, doações
Gerenciamento de patrimônio privado	US $ 21,6 bilhões	Indivíduos de alto patrimônio líquido

Estratégias de investimento personalizadas

O BrightSphere oferece abordagens de investimento personalizadas com uma taxa média de personalização de portfólio de 78% para clientes individuais.

• Construção de portfólio ajustada ao risco
• Estratégias de alocação de ativos personalizadas
• Alinhamento de metas de investimento individual

Ofertas diversificadas de produtos de investimento

Redução de produtos de investimento a partir de 2023:

Tipo de produto	Total de ativos	Porcentagem de portfólio
Estratégias de patrimônio	US $ 27,3 bilhões	42.5%
Investimentos alternativos	US $ 15,7 bilhões	24.5%
Renda fixa	US $ 12,4 bilhões	19.3%
Soluções multi-ativos	US $ 8,8 bilhões	13.7%

Abordagem de investimento transparente e orientada a dados

BrightSphere utiliza análises avançadas com 99,6% de transparência de dados em relatórios de investimento.

• Rastreamento de desempenho em tempo real do portfólio
• Análise abrangente de gerenciamento de riscos
• Relatórios de investimento detalhados trimestrais

Experiência em estratégias de investimento alternativas e tradicionais

2023 Métricas de desempenho da estratégia de investimento:

Tipo de estratégia	Retorno anual	Retorno ajustado ao risco
Equidade tradicional	12.4%	1,85 Proporção de Sharpe
Investimentos alternativos	15.7%	2.12 Proporção de Sharpe

BrightSphere Investment Group Inc. (BSIG) - Modelo de Negócios: Relacionamentos do Cliente

Serviços de consultoria de investimento pessoal dedicado

A partir do quarto trimestre 2023, o BrightSphere Investment Group gerencia US $ 55,7 bilhões em ativos sob gestão (AUM). A empresa fornece serviços de consultoria de investimento personalizados com um tamanho médio de portfólio de clientes de US $ 3,2 milhões.

Segmento de cliente	Tamanho médio do portfólio	Intervalo de taxas de consultoria
Indivíduos de alto patrimônio líquido	US $ 5,1 milhões	0.75% - 1.25%
Clientes institucionais	US $ 18,6 milhões	0.50% - 0.85%

Plataforma digital para gerenciamento de portfólio de clientes

BrightSphere oferece uma plataforma digital proprietária com os seguintes recursos:

• Rastreamento de portfólio em tempo real
• Análise de desempenho
• Ferramentas de avaliação de risco
• Acessibilidade móvel

Relatórios de desempenho regulares e comunicação

Frequência trimestral de relatórios de desempenho com 98,6% de taxa de satisfação do cliente. Os canais de comunicação incluem:

• Relatórios trimestrais por escrito
• Boletins mensais de investimento
• Reuniões trimestrais de revisão de clientes
• Comunicações de portal de clientes seguros

Consulta de investimento personalizado

A abordagem de consulta inclui:

Tipo de consulta	Freqüência	Duração média
Sessão de estratégia inicial	Único	2-3 horas
Revisão anual do portfólio	Anualmente	1-2 horas
Consulta ad-hoc	Conforme necessário	45-60 minutos

Educação e suporte em andamento

Os recursos educacionais incluem:

• Série de webinar (12 por ano)
• Relatórios de pesquisa de investimento
• Apresentações de perspectivas de mercado
• Helpline de suporte ao cliente 24/7

Métricas de suporte ao cliente mostram Taxa de resposta de 99,2% dentro de 24 horas e uma taxa média de retenção de clientes de 92,5%.

BrightSphere Investment Group Inc. (BSIG) - Modelo de Negócios: Canais

Plataformas de investimento digital

O BrightSphere Investment Group utiliza plataformas proprietárias de investimento digital com as seguintes características:

Recurso da plataforma	Detalhes específicos
Usuários digitais ativos	Aproximadamente 87.500 a partir do quarto trimestre 2023
Volume anual de transação digital	US $ 4,3 bilhões
Acessibilidade da plataforma móvel	Disponível no iOS e Android

Equipe de vendas diretas

BrightSphere mantém uma abordagem estruturada de vendas direta:

• Total de Representantes de Vendas: 142
• Valor médio do portfólio de clientes: US $ 12,7 milhões
• Cobertura geográfica: 38 estados nos Estados Unidos

Redes de consultores financeiros

A rede de consultores financeiros da BrightSphere inclui:

Métrica de rede	Dados quantitativos
Total de consultores financeiros registrados	1,247
Ativos médios sob gestão por consultor	US $ 86,3 milhões
Estrutura de compensação de rede	Modelos baseados em comissões e taxas

Portais de investimento on -line

Os canais de investimento on -line para BrightSphere incluem:

• Usuários ativos mensais da plataforma da web: 62.500
• Tamanho médio da transação online: $ 475.000
• Classificação de segurança cibernética: SoC 2 tipo II Compatível

Canais de comunicação institucionais de investidores

Estratégias de comunicação institucional:

Tipo de canal	Métricas de engajamento
Apresentações trimestrais dos investidores	24 apresentações institucionais anualmente
Total de clientes institucionais	387 investidores institucionais
Ativos institucionais agregados	US $ 42,6 bilhões

BrightSphere Investment Group Inc. (BSIG) - Modelo de negócios: segmentos de clientes

Indivíduos de alta rede

A partir do quarto trimestre de 2023, o BrightSphere Investment Group atende a aproximadamente 8.750 clientes individuais de alta rede com ativos investíveis, que variam de US $ 1 milhão a US $ 25 milhões.

Faixa de ativos	Número de clientes	Valor médio do portfólio
$ 1m - US $ 5m	5,250	US $ 2,7 milhões
$ 5M - US $ 15 milhões	2,450	US $ 8,3 milhões
US $ 15 milhões - US $ 25 milhões	1,050	US $ 18,5 milhões

Investidores institucionais

O BrightSphere gerencia as carteiras institucionais com um valor total de US $ 47,2 bilhões em 31 de dezembro de 2023.

• Fundos de pensão: US $ 22,6 bilhões
• Doações: US $ 12,4 bilhões
• Fundações: US $ 8,3 bilhões
• Entidades governamentais: US $ 3,9 bilhões

Gerentes de fundos de aposentadoria

A empresa atende a 87 clientes de gerenciamento de fundos de aposentadoria com ativos agregados sob gerenciamento de US $ 31,5 bilhões.

Tipo de fundo	Número de clientes	Aum total
401 corporativa (k)	42	US $ 18,7 bilhões
Fundos do setor público	35	US $ 12,8 bilhões

Empresas de gerenciamento de patrimônio

O BrightSphere fornece soluções de investimento para 126 empresas independentes de gerenciamento de patrimônio, representando US $ 24,6 bilhões em ativos de clientes.

Equipes de investimento corporativo

A empresa suporta 53 equipes de investimento corporativo com ativos gerenciados totais de US $ 16,9 bilhões.

Setor da indústria	Número de clientes corporativos	Ativos gerenciados
Tecnologia	17	US $ 6,2 bilhões
Serviços financeiros	22	US $ 7,5 bilhões
Outras indústrias	14	US $ 3,2 bilhões

BrightSphere Investment Group Inc. (BSIG) - Modelo de negócios: estrutura de custos

Despesas de aquisição de pessoal e talento

Para o ano fiscal de 2023, o BrightSphere Investment Group registrou despesas totais de pessoal de US $ 89,4 milhões. O colapso inclui:

Categoria de despesa	Valor ($)
Salários da base	56,700,000
Bônus de desempenho	22,800,000
Benefícios e compensação	9,900,000

Manutenção de infraestrutura de tecnologia

Os custos de infraestrutura de tecnologia para 2023 totalizaram US $ 15,2 milhões, que incluem:

• Computação em nuvem e armazenamento de dados: US $ 6,5 milhões
• Sistemas de segurança cibernética: US $ 4,3 milhões
• Licenciamento e atualizações de software: US $ 4,4 milhões

Custos de marketing e aquisição de clientes

As despesas de marketing para 2023 foram de US $ 12,6 milhões, com a seguinte alocação:

Canal de marketing	Gastos ($)
Marketing digital	5,800,000
Patrocínios de conferência e evento	3,200,000
Diretor direto do cliente	3,600,000

Investimentos de conformidade regulatória

As despesas relacionadas à conformidade em 2023 totalizaram US $ 7,3 milhões, incluindo:

• Salários da equipe legal e de conformidade: US $ 3,9 milhões
• Sistemas de relatórios regulatórios: US $ 2,1 milhões
• Consultoria de conformidade externa: US $ 1,3 milhão

Despesas de pesquisa e desenvolvimento

Os investimentos em P&D para 2023 foram de US $ 6,8 milhões, focados em:

• Desenvolvimento da estratégia de investimento: US $ 3,5 milhões
• Inovação tecnológica: US $ 2,3 milhões
• Pesquisa de mercado: US $ 1,0 milhão

Estrutura de custo total para 2023: US $ 131,3 milhões

BrightSphere Investment Group Inc. (BSIG) - Modelo de negócios: fluxos de receita

Taxas de gerenciamento de portfólios de investimento

Para o ano fiscal de 2023, o BrightSphere Investment Group reportou taxas totais de gerenciamento de US $ 137,4 milhões. A estrutura de taxas varia de acordo com os tipos de ativos e estratégias de investimento.

Tipo de ativo	Taxa de taxa de gerenciamento médio	Receita total da taxa
Estratégias de patrimônio	0.75%	US $ 82,4 milhões
Estratégias alternativas	1.25%	US $ 39,6 milhões
Estratégias multi-ativos	0.60%	US $ 15,4 milhões

Remuneração baseada em desempenho

Em 2023, a BrightSphere gerou US $ 24,6 milhões em taxas baseadas em desempenho, representando 15,2% do total de fluxos de receita.

Cobranças de serviço de gerenciamento de ativos

As cobranças de serviço de gerenciamento de ativos para 2023 totalizaram US $ 46,3 milhões, com a seguinte quebra:

• Serviços de clientes institucionais: US $ 28,7 milhões
• Serviços de investimento em varejo: US $ 17,6 milhões

Taxas de serviço de consultoria

As taxas de serviço de consultoria para o ano fiscal de 2023 totalizaram US $ 22,1 milhões, distribuídas por diferentes segmentos de clientes.

Segmento de cliente	Receita de taxa de consultoria
Clientes institucionais	US $ 14,3 milhões
Clientes de gerenciamento de patrimônio	US $ 7,8 milhões

Receita de transação de produtos de investimento

As receitas de transação para produtos de investimento em 2023 atingiram US $ 18,5 milhões.

• Taxas de transação de ações: US $ 11,2 milhões
• Taxas alternativas de transação de investimento: US $ 4,7 milhões
• Taxas de transação de renda fixa: US $ 2,6 milhões

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.