From the Foreword, by Robert J. McCann and Bertrand Lavayssière
Globalization has been the transformational theme of the past six years in investing.
Larry Fink, CEO BlackRock
The risk is that there will be globalization of markets without a globalization of democracy and regulations What s the value of the Internet if you re the only one on it?
Jacques Attali, President PlaNet Finance
On Asset Allocation:
Most HNWIs have become wealthy thanks to one or two success stories not asset allocation But once you have accumulated a certain amount of wealth you need to stop worrying about enhancing it, and start worrying about protecting it.
James Rothenberg, Chairman and Principal Executive Officer, Capital Research and Management
On Alternative Investments:
A majority of investors don t find the expected return–versus–risk ratio in the public stock and bond markets all that compelling They see alternative investments as a way to preserve wealth through absolute returns –– which means seeking positive returns in both bull and bear markets while not being tied down to traditional performance benchmarks like the S&P 500 Index.
Ralph Schlosstein, Co–founder, BlackRock.
On Financial Technology:
Because financial markets are entirely information–based, technology will drive the future of financial markets.
Charles Simonyi, CEO Intentional Software, Former Head of Microsoft s Application Software Group, International Space Tourist
As recently as thirty years ago, too many philanthropists were content to simply write a check and be done with it...[But] today s philanthropists are able to take a long–term view they have been able to plan and act with an efficiency, agility and attention to issues of accountability that the state has either overlooked, or been unwilling or incapable of addressing.
The Duke of Westminster KG OBE TD DL
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Foreword: Our Eight Convictions about the Future of Wealth Management.
Chapter 1. the Evolution of Wealth Management.
Chapter 2. Global Trends and What they Mean for International Investing.
Chapter 3. Technology′s Critical Role in Wealth Management.
Chapter 4. Holistic Wealth Management.
Chapter 5. The Doctrine of Asset Allocation.
Chapter 6. Alternative Investment Strategies.
Chapter 7. Family Matters.
Chapter 8. The New Philanthropy: Proactive Involvement.
Chapter 9. The Future of Holistic Wealth Management.
World Wealth Report. For more information on Merrill Lynch, please visit
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Capgemini s wealth management practice helps clients develop innovative growth strategies and successfully implement advisor and customer relationship management solutions. Capgemini is the co–author of the annual World Wealth Report. For more information, please visit www.capgemini.com.
About the Authors of the Foreword
Robert J. McCann is Vice Chairman and President of Global Wealth Management at Merrill Lynch.
Bertrand Lavayssière is Managing Director of Global Financial Services for the Capgemini Group.