This brief analyses the developing multi-manager trend and the implications for European wealth managers. It assesses key drivers, the major advantages and disadvantages of different multi-manager structures, competitive activity in this area and the strategic options for wealth managers, including the future opportunities and barriers to further development.
Scope
Squarely focused on the implications of multi-manager investment structures from a wealth managers perspective
Includes competitive examples and case studies of key initiatives by wealth managers' in this area
Covers both fund-of-fund and manager-of- manager structures with a primary emphasis on the manager-of-manager approach.
European in focus
Reasons to Purchase
Full analysis of the pros and cons of multi-manager structures allows wealth managers to objectively assess their suitability to their business
Outlines the emerging competitive landscape, allowing wealth managers to identify their place and in the increasingly complex competitive picture
Report Highlights
The declines in asset valuations have created a substantial amount of pressure to achieve a stronger and more consistent level of investment performance. Increasingly demanding customers have also become more explicit in highlighting their dissatisfaction with being tied to one investment manager across a relatively narrow range of asset classes.
In reality if wealth managers maintain control over strategic asset allocation (the major factor influencing investment performance) then they are in fact the ones who will most determine the future value of clients’ investments. While they should not undermine the use of third party investment managers this fact needs to be clear.
For those that ascribe to the fully integrated wealth management model that covers all asset classes (and there are many advocates) then it is clear that to some extent third parties will have to be included into wealth manager offerings, but Datamonitor does not believe that the MoM route is by any means the only one wealth managers can take
Reasons to Purchase
Offers a future focused view of the strategic options for players adopting a multi-manager approach and for those seeking longer term alternatives
