The article examines the key features and adaptation strategies of Russian management companies (MCs) acting as a professional participant in the securities market in the period from 2020 to 2025, marked by successive crises caused by the COVID-19 pandemic and unprecedented sanctions restrictions, including the blocking of assets at international depositories. The aim of the study is to substantiate the thesis about the structural resilience of the MC business model, their ability to generate profit and attract clients’ funds despite external shocks. Based on an analysis of data from the Bank of Russia and current scholarly publications, the key factors that ensured this resilience have been identified and systematized.
A. Dyuryagin (Mon,) studied this question.