Brookfield: The Staggering Growth Of Asset Management
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Pacifica Yield13.44K FollowersFollow5ShareSavePlay(7min)CommentsSummaryBrookfield's asset management business saw its fee-bearing capital grow by 8% year-over-year to reach $581 billion.This drove fee-related earnings to climb by 17% over its year-ago quarter to reach $754 million, with BN generating third-quarter distributable earnings of $0.63 per share.BAM is aiming to deliver 20% annual earnings growth over the next five years and beyond on the back of its consistent recurring revenue and earnings visibility. JHVEPhoto/iStock Editorial via Getty Images Brookfield Corporation's (BN) asset management business is seeing rapid growth that's set to drive consistent recurring revenue and earnings visibility for years to come. The company's 73% ownership of Brookfield Asset Management (BAM) is its most prizedThis article was written byPacifica Yield13.44K FollowersFollowThe equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend tickers, REITs, and green energy firms.Analyst’s Disclosure:I/we have a beneficial long position in the shares of BAM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.