As part of monitoring the asset management sector, the AMF has annual information sheets and annual control reports sent by portfolio management companies (SGP). These sheets contain in particular quantitative information on the assets managed as well as on the income and expenses linked to the management activity carried out in France. This information allows the AMF Asset Management Department to analyze it.
Overview of the sector
Table of Contents
As of December 31, 2024, the number of portfolio management companies approved in France stood at 695 companies. In terms of employment, the sector recorded an increase, with 24,247 full-time equivalent employees, an increase of 1.4% compared to the previous year. This dynamic is mainly driven by entrepreneurial companies, although subsidiaries of banks and insurance companies remain dominant in the market.
Financial performance
Assets managed by French management companies continue their upward trend, reaching 5,265 billion euros at the end of 2024. The overall operating income of French asset management companies starts to rise again in 2024 with an increase of 20% over one year. This performance is explained by a marked increase in operating income, which increased by 8.4% compared to 2023 to reach 23.5 billion euros. Operating expenses also increased but to a lesser extent (+5.7% in one year).
Control device
In 2024, management companies devoted 181,393 man-days to compliance and internal control functions. The share of staff dedicated to these functions stabilized at 3.2% of the total workforce declared at the end of 2024. As for the risk management function, management companies dedicated 146,578 man-days to this function in 2024, an increase of 1.3% since 2023.
Equity
The total level of capital declared by French management companies amounts to 7.63 billion euros at the end of 2024. At that same date, 18 management companies presented insufficient capital with regard to the applicable regulatory requirements. At the same time, 524 management companies had a significant capital cushion, that is to say greater than or equal to 30% of the required level.
