Global Wealth Management Insights
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Global Wealth Management Insights
This page is dedicated to interesting news, views, thoughts and developments focused on diverse aspects of the global wealth management sector.
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International banking, finance, capital markets news & analysis | Euromoney magazine

International banking finance and capital markets news, analysis. FX, asset management, investment banking, M&A, private banking, debt and equity markets. Insight on the latest market issues, deals, trends and developments
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An interesting look at the important role of the CIO in the new era of global wealth management.
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Tackling regulatory challenges in Singapore - Asian Wealth Management and Asian Private Banking - Hubbis

Nizam Ismail of RHTLaw Taylor Wessing LLP discusses the regulatory and compliance burden impacting the wealth management sector in Singapore.
Stephen Wall's insight:

A brief view on the regualtory challenges for wealth managers in Singapore. Is there no escape anywhere!?

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SocGen to expand private bank across Europe - Reuters

SocGen to expand private bank across Europe Reuters PARIS, Feb 4 (Reuters) - Societe Generale is expanding its private bank unit for wealthy clients in Europe and is hiring in France, Britain and Luxembourg to boost growth and capture a cyclical...
Stephen Wall's insight:

Interesting, and another clear example of the refocusing of leading global wealth managers. Exiting Asia, expanding in Europe. The wealth management sector's increased operational costs and complexities will continue to drive greater focus.

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Offshore U.S. Private Wealth: Switzerland’s Compliant Re-Engagement | Aite Group

Offshore U.S. Private Wealth: Switzerland’s Compliant Re-Engagement | Aite Group | Global Wealth Management Insights | Scoop.it
Stephen Wall's insight:

The compliant re-engagement by some Swiss wealth managers with the U:S. offshore private wealth opportunity is an interesting theme (and opportunity) given the otherwise on-going negative U.S.-Swiss wealth management backdrop. My next report focuses on the market beyond Switzerland and sees what, if anything, has been happening elsewhere. Have other markets taken the Swiss route and engaged compliantly? The results, I think, are interesting and maybe point the way to a market shake-up.

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Succession sells majority stake to private equity - FTAdviser.com

Succession sells majority stake to private equity - FTAdviser.com | Global Wealth Management Insights | Scoop.it
Simon Chamberlain, group chief executive of the Succession Group, has sold 50.1 per cent of its company to US private equity group Inflexion.
Stephen Wall's insight:

Is the role of private equity as a buyer on the increase in wealth management? It certainly seems it might behappening in the UK as the sector continues to shift under the RDR regime. Would not be surprised to see more private equity investments, especially around IFA roll-up and the advice gap.  

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Did Investors Outperform Advisors in 2013?

Did Investors Outperform Advisors in 2013? | Global Wealth Management Insights | Scoop.it
Online research suggests paying for guidance held back returns in a booming market.
Stephen Wall's insight:

As if the wealth management sector didn't have it hard enough in today's environment to attract and retain clients! 

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Barclays scraps private banking for sub-£500k clients - Fundweb

Barclays scraps private banking for sub-£500k clients - Fundweb | Global Wealth Management Insights | Scoop.it
Barclays scraps private banking for sub-£500k clients
Fundweb
Deutsche Bank has also retreated from the UK wealth management business, announcing sale of its Tilney business to Permira funds for an undisclosed sum late last year.
Stephen Wall's insight:

The ongoing shift in the client focus of wealth management continues. This will be an on-going theme for the year as highlighted in our own Aite Group top trends in wealth manegement. 

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Why It's Time to Clamp Down on Wealth Managers

Why It's Time to Clamp Down on Wealth Managers | Global Wealth Management Insights | Scoop.it
How would you feel if a burger shop charged you $100 for a meal? Probably pretty queasy--especially if you found out later that the joint next door charges $5 for a superior meal.Nobody in his right
Stephen Wall's insight:

This is a sad, but unfortunately close, reflection of the wealth management. And this feature of the market is not just for the United States; it is relevant internationally. However, with transparency increasingly coming to the fore, pushed by higher client expectations, regualtion, competition and others factors like new technologies, the segment has little choice but to lift the lid and price fairly. 

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Focus Financial Partners

Focus Financial Partners | Global Wealth Management Insights | Scoop.it
Stephen Wall's insight:

This is an interesting viewpoint on the advantage of independent wealth managers over wirehouses in the US.

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New group founded for Family Office specialists

New group founded for Family Office specialists | Global Wealth Management Insights | Scoop.it
A new group, the Family Office Council, has been founded for individuals wh...
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Swiss private bank closes over US tax dispute - RT

Swiss private bank closes over US tax dispute - RT | Global Wealth Management Insights | Scoop.it

Swiss private bank closes over US tax dispute RT Swiss lender Frey & Co will shut up shop, as increased US regulation over alleged tax evasion boosted the costs to an unsustainable level for a small private bank.


Via Jean-François Blain
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10 reasons to invest in face-to-face advice over online - FTAdviser.com

10 reasons to invest in face-to-face advice over online - FTAdviser.com | Global Wealth Management Insights | Scoop.it
Few people would go online to get medical, legal or accounting advice.
Stephen Wall's insight:

It is indeed time for the financial advice community to re-establish the importance of face-to-face advice in light of influencing factors cuh as the RDR and the development of new online technologies/propositions.

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Wheatley defends £3bn RDR in face of MP barrage - FTAdviser.com

Wheatley defends £3bn RDR in face of MP barrage - FTAdviser.com | Global Wealth Management Insights | Scoop.it
“In a number of areas RDR is a success, in others it is a work in progress”, FCA head tells MPs.
Stephen Wall's insight:

Whatever the squabbles and arguments, for me, its interesting to watch how the shape of the UK market is changing under RDR and how innovation (and balls) will fill whatever advice gap there is.  

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HSBC Said to Plan Sale of Swiss Private Banking Assets - Bloomberg

HSBC Said to Plan Sale of Swiss Private Banking Assets Bloomberg HSBC Holdings Plc (HSBA), Europe's largest bank, is planning to sell parts of its Swiss private bank as some foreign lenders retreat amid a crackdown on bank secrecy and rising...

Via Chris Cosgrove
Stephen Wall's insight:

This wouldn't be a surprise, at least not some of the book going. This is all part of the refocusing effort taking place, espcially among the larger international players. 

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Top 10 Trends in Wealth Management, 2014: Changing the Firm | Aite Group

Stephen Wall's insight:

Our collective view on the top 10 trends in global wealth management in 2014. Several are already seeing signifcant activity.  

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Asset_Management_Report_2013.pdf

Stephen Wall's insight:

Good oversight data and insight into Europe's asset management sector. 

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Integration is key for IFA acquirers: Chamberlain - FTAdviser.com

Integration is key for IFA acquirers: Chamberlain - FTAdviser.com | Global Wealth Management Insights | Scoop.it
Integrating acquired advisory firms into an existing structure offers a greater challenge than the simple purchasing of a firm, Simon Chamberlain has...
Stephen Wall's insight:

Indeed. And given the number of these deals taking place in the UK wealth management sector, the post-acqusition integration strategy is central to any deal longevity and long-term value (for buyer, target, and end clients). 

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WealthBriefing - Private Banking News and Wealth Management News and Features

WealthBriefing - Private Banking News and Wealth Management News and Features | Global Wealth Management Insights | Scoop.it
WealthBriefing provides news, features and information for the wealth management and private banking industries.In-depth industry profiles and authoritative commentary ensures that WealthBriefing is the premier supplier of news, content and...
Stephen Wall's insight:

This book took some time to shift, indicating the increased search for quality, certainty and alignment in wealth management M&A.

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In 21st Century, Relationships Won’t Attract Clients - Client Driven Practice Blog - The Client Driven Practice

In 21st Century, Relationships Won’t Attract Clients - Client Driven Practice Blog - The Client Driven Practice | Global Wealth Management Insights | Scoop.it
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I had the opportunity to participate on a panel at FPA Experience last weekend in Orlan...
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Swiss wealth managers seek to reconnect with US clients - Investment Europe

Swiss wealth managers seek to reconnect with US clients - Investment Europe | Global Wealth Management Insights | Scoop.it
Analysis by Aite Group has pointed to a growing desire by Switzerland based wealth managers to reconnect with US clients, following a number of years in which regulatory and fiscal developments made this difficult.,Switzerland ,Switzerland ,Securities...
Stephen Wall's insight:

This is my research into the compliant re-engagement with the US taxpayer opportunity by a growing group of wealth managers.    

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Are You Loyal to Your Clients or Your Firm?

Are You Loyal to Your Clients or Your Firm? | Global Wealth Management Insights | Scoop.it
One advisor stuck by his clients in arbitration and won $4.3 million.
Stephen Wall's insight:

This is interesing and why the tripod model of wealth management (institution, advisor, client) is not always in alignment.

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Global Wealth Management Insights

Global Wealth Management Insights | Global Wealth Management Insights | Scoop.it
Global Wealth Management Insights
Stephen Wall's insight:

http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=1124

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