The party seems to be dying down for banks that manage mutual funds.

After years of vigorous growth, banks' share of the nearly $3 trillion mutual fund market stalled at just under 14% in 1995. Indeed, last year marked the first time in a decade that banks' mutual fund asset growth lagged the broader fund industry's.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.