Brokers, Asset Managers & Exchanges: Company Questions - 2Q26 Edition

Research evidence excerpt

Brokers, Asset Managers & Exchanges: Company Questions - 2Q26 Edition

Deutsche Bank

Research

North America Industry Date

Brokers, Asset Managers & Brokers, Asset 21 May 2026 Exchanges

Managers &

Exchanges

Company Questions - 2Q26 Edition

Brian Bedell, CFA

Question ideas for management meetings Research Analyst

This report contains nearly 500 question ideas for our 27-stock coverage universe +1-212-250-6600

across 4 sub-sectors, ahead of the 16th annual DB Global Financial Services

Conference in NYC from May 27 to May 28. Participating companies in our Erika Nelson

Research Associate coverage are: Affiliated Managers Group, Apollo Global Management, Ares +1-212-250-9986

Management, BitGo Holdings, BlackRock, Blackstone, Brookfield Asset

Management, Bullish, Carlyle Group, CBOE Global Markets, CME Group, Son Nguyen

Federated Hermes, Franklin Resources, Invesco, KKR & Co, MarketAxess Research Associate

+1-212-250-9311 Holdings, Nasdaq, Robinhood Markets, T. Rowe Price, and TPG Inc.

Alternative asset manager question themes

Key question themes: 1) FRE growth & margin targets, 2) fundraising

expectations and new products & strategies, 3) outlook for deployment &

monetization amid a shifting macro backdrop, 4) the role of AI, platform

integration, and technology-driven operations, and 5) strategy for retail/private

wealth channels, including managing private credit redemptions.

Traditional asset manager question themes

Key question themes: 1) organic growth outlook and flow dynamics, 2) expansion

into private markets and alternative strategies, 3) product innovation, particularly

in ETFs, SMAs, and customized solutions, 4) expense and operating margin

outlooks, and 5) capital mgmt. strategy, including the balance between M&A,

strategic investments, and buybacks.