View photos (10-Q and 10-K Filings, State Street) The asset manager also received positive cash inflow in net deposits, compared to the year prior. As observed, net deposits vary on a yearly basis but demonstrated a good amount of cash flow. State Street also reduced its debt by $414 million, net debt issuance and costs. Conclusion Besides State Street’s positive profit growth in fiscal 2016, the asset manager actually has experienced declining sales growth and operating margin in recent years. In review, State Street’s servicing fee – being a constant revenue grower – generated a 1.6% loss in sales in fiscal 2016, while the company’s management fee business – grew 10.1%. The asset manager showed weakness in overall sales growth due to the servicing fee slowdown’s enormous contribution to total State Street sales, 49.7% or $5.07 billion.