Asset management is a fantastic business.

Financial companies typically post high margins north of 30%. For perspective, many other sectors, like retail, automotive, and manufacturing, tend to post low single or double-digit margins.

And one asset manager in particular is off to a record year.

Better yet, management expects an even better end to 2024 as the company continues to grow its AUM and build impressive partnerships.

With earnings due out tomorrow, I expect this stock to soar to new all-time highs.