In mid-July, The LegalTech Fund hosted the Asset Management Innovation Retreat in Park City, Utah, an intimate convening of general counsels, COOs, compliance officers, principals, and senior leaders from family offices, endowments, foundations, and asset management firms. Leaders shared how they’re grappling with redefining risk, integrating AI, and modernizing legacy workflows. The takeaway was clear: adapt or be left behind. In this report, we unpack key trends from the retreat, exploring how asset managers are confronting disruption, rebuilding operational foundations, and transforming legal and compliance into strategic advantages.