Leaders in the wealth management industry are facing the most challenging period of their lives. To successfully overcome these hurdles, they will need to prove they can be flexible
Editor's Analysis

Don’t expect ‘boutique wave’ to wash away the big boys
The smaller shops may be able to steal clients away from the larger wealth managers, but remain very much part of the big bank ecosystem

The bold, the brilliant and the brave
Many key trends have transformed private banking over the past two decades, but some talented individuals have provided the impetus for change

Top dogs take fresh approach to investment and technology
The top gongs in PWM’s Global Private Banking Awards went to those banks which displayed innovative thinking towards portfolio management and in the digital arena, while scandals still plague the industry

It is wise to be wary of the buyout ‘Barbarians’
Private equity was once seen as the domain of aggressive raiders, but now has a cloak of respectability with private banks recommending clients boost allocations. They should do so with their eyes wide open

Private banks must embrace data to complete cultural shift
As technology transforms private banks, leaders must ensure that data is always at the core of their digital rebuilds

Bank bosses must step in to curtail ‘greed is good’ culture
The integrated ‘one bank’ model which links investment banking and wealth management has certainly helped cultivate an aggressive sales culture within the industry, but if things are to change it is up to those at the top to take charge

Let’s all dance to digitalisation, democratisation and diversity
Financial centres are focused on the rivalry between competing hubs, but so much more can be achieved by working together

Asset diversification unites rival post-pandemic visions
The world is changing, with a US presidential transition under way and encouraging results from vaccine trials showing a possible way out of the Covid crisis. But what will the new world order look like and how should private banks respond?

Striking a balance between performance and personality
Private banks have, in large part, adapted well to the challenges thrown up by the pandemic. But the real winners going forward will be those which are able to combine relationship management with investment performance
The concept of ‘financial wellness’ which wealth managers are increasingly trying to identify, combines investment returns with customer experience and hyper-personalisation of products and services.
Global Private Banking Awards 2022
PWM Digital Edition (April/May 2022)
Wealth Tech Awards 2022
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