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Wealth Management and Private Banking Review 2009/10
Euromoney Institutional Investor, Oct 2009, Pages: 36
The Wealth Management and Private Banking Review presents and discusses innovative strategies for maximising the investment opportunities of the high net-worth client, providing a snapshot of the current market in an easy to read format. Individual contributions from leading edge players from across the globe focus on current trends and ideas in private banking, asset & tax management, and investment at an international level.
'Understanding the investment behaviour of high net-worth individuals requires increasing expertise from the international private banking industry. Private investors are continuing to become more sophisticated and demanding and wealth managers must offer innovative and comprehensive strategies to effectively compete in this market place.
The fourth edition of the Wealth Management & Private Banking Review provides a snapshot of the market with expert contributions from private bankers, wealth managers and asset managers. The Review discusses wealth management & private banking issues and developments at an international level and will consider how high net-worth individuals can best profit from maximising their opportunities. Topics covered include: (r)evolutionary forces in wealth management, asset allocation and structuring, private client loyalty management and managing your wealth for future growth.
The Wealth Management & Private Banking Review will provide you with a definitive source of information on the market and its key players.
Target Market
Financial and legal advisers working in wealth management and tax planning for both the corporate and individual client; company treasurers; government treasury departments; trust and fund managers/management companies; leading banks; stockbrokers; insurance companies; fiduciaries; law firms, accountancy firms; consultancy firms; financial IT companies, financial information providers.
Excerpt
'The global financial crisis, government bailouts of too-big-to-fail financial institutions, the collapse of markets from the use and abuse of complicated financial instruments, and a series of high profile Ponzi schemes have eroded the public’s perception of financial professionals. In a post-financial crisis, post-Madoff world, regulators and legislators are frenetically re-thinking the financial playing field. They will likely increase capital requirements for banking institutions, increase oversight of hedge funds, and regulate OTC derivatives markets.
With some notable exceptions, private banking and wealth management have thus far escaped much of the scrutiny but are nonetheless, poised for fundamental changes in their business models. Unlike commercial banking or OTC derivatives markets, much of the impetus will come from clients rather than bureaucrats.
Many high-net-worth investors (HNWI) feel like they have been underserved by their financial advisers. To be fair, it is unreasonable to expect advisers to be market oracles that omnisciently predict collapses that seem all too obvious in hindsight. Clients should, however, expect their advisers to identify, quantify and manage relevant risks to which their clients are exposed. This article identifies some symptoms of an industry that can do more to meet its duty of loyalty, prudence, and care. It then suggests a remedy that has implications for wealth management business models of the future.
- Stephen M. Horan, Ph.D., CFA Institute
Unique Selling Point of product?
High caliber of authors - topical debate from the movers & shakers of industry. Current issues & developments from across globe, so has international coverage & reach. Not a big book but what's in the book is high quality editorial - like a leading seminar/conference in paper form which can be put on shelf and referred to (re-read) again and again. This year's edition particularly focusses on the client relationship and how wealth managers are having to change and provide a more bespoke service, and be more client aware in order to compete. It also looks at alternative investing strategies.
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