{"product_id":"equitableholdings-five-forces-analysis","title":"Equitable Holdings Porter's Five Forces Analysis","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDon't Miss the Bigger Picture\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eEquitable Holdings faces moderate buyer power and regulatory scrutiny, balanced by entrenched distribution channels and brand strength, while digital disruption and low-cost insurtechs raise the threat of substitutes and new entrants.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eS\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003euppliers Bargaining Power\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSpecialized Financial Talent\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eEquitable depends on actuaries, portfolio managers, and advisors for pricing, risk and client retention; demand for these roles rose 12% from 2022–2025, tightening labor supply.\u003c\/p\u003e\n\u003cp\u003eAs of late 2025, top talent commands 15–30% higher pay packages, giving suppliers leverage to push compensation and benefits up.\u003c\/p\u003e\n\u003cp\u003eLabor scarcity raises operating costs and risks service quality erosion; a 2024 industry survey found 38% of firms reported advisor shortages hurting client outcomes.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eReinsurance Market Dynamics\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eReinsurers act as critical suppliers by absorbing risk from Equitable’s life and annuity books, supporting capital ratios—Equitable ceded roughly 8–12% of new variable annuity risk in 2024 to reduce RBC pressure.\u003c\/p\u003e\n\u003cp\u003eThe reinsurance market is concentrated: top five global reinsurers held about 50% of market share in 2023, letting them push pricing and limit risk transfer.\u003c\/p\u003e\n\u003cp\u003eGlobal reinsurance capacity fell ~6% in 2023 after catastrophe losses, so capacity shifts directly affect Equitable’s balance-sheet management and product pricing.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEnterprise Technology and Cloud Providers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eModern financial services rely on cloud and cybersecurity stacks from a few large vendors—AWS, Microsoft Azure, and Google Cloud—who together held ~64% of global cloud IaaS\/PaaS market in 2024 (Synergy Research). High migration costs, proprietary integrations, and strict compliance needs give these suppliers strong leverage; Equitable Holdings must balance resilience investments and multi-cloud strategies to avoid single-vendor price pressure while sustaining digital growth.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMarket Data and Analytics Providers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eMarket data and analytics access is concentrated among a few firms—Bloomberg LP and Refinitiv (formerly Reuters) control an estimated 70–80% of real-time fixed-income and equity terminals, forcing Equitable to pay tiered fees for proprietary feeds that are essential for pricing, risk models, and ALM (asset–liability management).\u003c\/p\u003e\n\u003cp\u003eThese contracts act as fixed, hard-to-reduce operating costs; with vendor switching costs and data integration complexity, Equitable faces limited bargaining leverage and potential 5–10% annual fee inflation for premium datasets.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e70–80% market share: Bloomberg\/Refinitiv\u003c\/li\u003e\n\u003cli\u003eTiered pricing: premium feeds add 5–10% annual cost\u003c\/li\u003e\n\u003cli\u003eProprietary data: essential for pricing and risk models\u003c\/li\u003e\n\u003cli\u003eHigh switching cost: limited negotiation room\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulatory Compliance and Licensing Bodies\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eRegulatory bodies supply the licenses and legal framework Equitable needs to operate, so their demands act like a supplier constraint on products and markets.\u003c\/p\u003e\n\u003cp\u003eSince 2023 the SEC’s heightened exam activity and tighter life-insurance capital guidance from state departments raised compliance costs—Equitable reported $1.2bn in operating expenses for 2024, with regulatory compliance a material line-item.\u003c\/p\u003e\n\u003cp\u003eCompliance is non-negotiable, driving capital allocation, slowing product rollout, and increasing operational complexity.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eRegulators = supply constraint\u003c\/li\u003e\n\u003cli\u003e$1.2bn 2024 operating expenses (company report)\u003c\/li\u003e\n\u003cli\u003eHigher capital requirements limit growth\u003c\/li\u003e\n\u003cli\u003eCompliance delays product launches\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSuppliers squeeze insurers: talent, reinsurers, cloud and regs drive costs and limits\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eSuppliers exert moderate-to-strong power: scarce actuarial\/advisor talent (demand +12% 2022–25; pay +15–30%) and concentrated reinsurers (top5 ~50% share; 8–12% VA ceded in 2024) raise costs and limit risk transfer; cloud\/data vendors (AWS\/Microsoft\/Google ~64% IaaS\/PaaS; Bloomberg\/Refinitiv 70–80% market) create high switching costs; regulators force $1.2bn compliance spend in 2024, constraining product agility.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eSupplier\u003c\/th\u003e\n\u003cth\u003eKey stat\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eTalent\u003c\/td\u003e\n\u003ctd\u003eDemand +12%; pay +15–30%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eReinsurers\u003c\/td\u003e\n\u003ctd\u003eTop5 ~50%; 8–12% VA ceded\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCloud\/data\u003c\/td\u003e\n\u003ctd\u003eIaaS\/PaaS 64%; terminals 70–80%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRegulators\u003c\/td\u003e\n\u003ctd\u003e$1.2bn compliance 2024\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eTailored exclusively for Equitable Holdings, this Porter's Five Forces overview uncovers key competitive drivers, buyer\/supplier influence, entry barriers, substitutes, and disruptive threats shaping its market position and profitability.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eClear, one-sheet Porter's Five Forces for Equitable Holdings—quickly spot competitive pressures and opportunities for strategic relief.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomers Bargaining Power\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIncreased Pricing Transparency\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eIn 2025, digital platforms let retail and institutional clients compare fees and returns across insurers in seconds, and 62% of wealth clients say price transparency affected their last switch, forcing Equitable Holdings to keep fees competitive on insurance and wealth products to avoid churn.\u003c\/p\u003e\n\u003cp\u003eMarket data show fee compression: median advisory fees fell to 0.48% in 2024 from 0.62% in 2019, so Equitable cannot sustain high margins without clear value differentiation.\u003c\/p\u003e\n\u003cp\u003eClients’ better information reduces Equitable’s pricing power, making product features, digital service, and performance the main levers to preserve margins.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLow Switching Costs in Wealth Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eIndividual investors can shift assets quickly—ACAT transfers and e-sign onboarding cut transfer time to 3–7 days—so switching costs for Wealth Management are low.\u003c\/p\u003e\n\u003cp\u003eThat mobility gives clients leverage to demand lower fees; industry median advisory fee fell to 0.89% in 2024, pressuring margins.\u003c\/p\u003e\n\u003cp\u003eEquitable (EQH) must show consistent outperformance or offer bespoke service—retention falls if net flows lag peers; 2024 net outflows at some rivals exceeded 2% AUM annually.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInstitutional Client Negotiating Leverage\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eLarge institutional clients—pension funds and corporations—bring billions in assets and demand bespoke fees and reporting; Equitable Holdings reported $365 billion total assets under management (AUM) in 2025, so losing a single large mandate can swing revenue materially. These clients negotiate lower management fees and custom ESG or liquidity terms that retail investors cannot secure, pressuring margins in institutional investment segments. Their ability to redeploy blocks exceeding $1 billion gives them real leverage in fee and service negotiations.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDemand for ESG and Personalized Solutions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eBy end-2025, 68% of U.S. investors said ESG (environmental, social, governance) matters in product choice, pushing Equitable Holdings to shift from generic funds to bespoke ESG and personalized solutions.\u003c\/p\u003e\n\u003cp\u003eClients now demand tailored portfolios, income solutions, and impact metrics, so Equitable must adapt product design, reporting, and distribution or risk losing share to nimble RIAs and boutique asset managers.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e68% U.S. investors prioritize ESG (2025 survey)\u003c\/li\u003e\n\u003cli\u003eTailored solutions raise implementation costs ~15–30% per product\u003c\/li\u003e\n\u003cli\u003eFailure to adapt risks share loss to RIAs\/boutiques growing mid-teens CAGR\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRise of Digital Self-Service Expectations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eThe shift to digital-first service lets customers bypass brokers, squeezing Equitable Holdings' commission-focused products; 2024 sales showed 28% of retail interactions digital-first, raising margin pressure.\u003c\/p\u003e\n\u003cp\u003eClients now expect mobile apps and 24\/7 access—68% of US retail investors used mobile platforms in 2024—forcing Equitable to boost UX and APIs to avoid attrition.\u003c\/p\u003e\n\u003cp\u003eHeavy tech investment is required: Equitable spent $210M on digital in 2023–24 to modernize platforms, or risk losing fee revenues to robo-advisors and DIY channels.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eDigital-first interactions: 28% (2024)\u003c\/li\u003e\n\u003cli\u003eMobile retail users: 68% (2024)\u003c\/li\u003e\n\u003cli\u003eEquitable digital spend: $210M (2023–24)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEquitable Faces Fee Pressure as Transparent Pricing, Fast Transfers and Digital Users Shift Power\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCustomers have high bargaining power: fee transparency and falling advisory medians (0.48% in 2024) force Equitable to match pricing, while easy transfers (3–7 days) and digital channels (28% digital-first, 68% mobile users) lower switching costs; institutional mandates (Equitable AUM $365B in 2025) add negotiation leverage and bespoke fee pressure.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eEquitable AUM (2025)\u003c\/td\u003e\n\u003ctd\u003e$365B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMedian advisory fee (2024)\u003c\/td\u003e\n\u003ctd\u003e0.48%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDigital-first retail (2024)\u003c\/td\u003e\n\u003ctd\u003e28%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMobile retail users (2024)\u003c\/td\u003e\n\u003ctd\u003e68%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTransfer time\u003c\/td\u003e\n\u003ctd\u003e3–7 days\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eSame Document Delivered\u003c\/span\u003e\u003cbr\u003eEquitable Holdings Porter's Five Forces Analysis\u003c\/h2\u003e\n\u003cp\u003eThis preview shows the exact Equitable Holdings Porter's Five Forces analysis you'll receive immediately after purchase—no surprises, no placeholders; it covers industry rivalry, buyer and supplier power, threat of substitutes, and barriers to entry with data-driven insights.\u003c\/p\u003e\n\u003cp\u003eThe document displayed here is the same professionally written, fully formatted file you'll be able to download and use the moment you buy, suitable for investment, strategic, or academic use.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":56746722394489,"sku":"equitableholdings-five-forces-analysis","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/equitableholdings-five-forces-analysis.png?v=1772191254","url":"https:\/\/matrixbcg.com\/products\/equitableholdings-five-forces-analysis","provider":"MatrixBCG","version":"1.0","type":"link"}