Carrying out a thorough due diligence check before taking on clients can help protect a private bank’s brand, but if a mistake is made, it is always best to admit it
Wealth Management

Damage limitation: how to stop setbacks becoming fatal

Taking a leaf out of the luxury sectors’ playbook
Private banks, which tend to feel very traditional, could learn a thing or two from the luxury sector, which has managed to make itself more relevant to millennials
Time for asset managers to really get to know their clients
Investor education is already a focus for wealth managers. The asset management industry needs to raise its game

Fintech on Friday: Clients crave comfort of human touch in volatile times
Even robo-advisers have recognised that clients need an element of human interaction when it comes to managing their wealth

Citi’s success reflects a changing of the guard
US banks are enjoying a renaissance, believes Citi’s private banking boss Peter Charrington, as they have been quickest to adapt their business models to the post-financial crisis world

China drives global billionaire wealth to new highs
Entrepreneurship and the growing emergence of China were the biggest drivers of global billionaire wealth in 2017, which has reached almost $9tn

Time for a new breed of portfolio management tool
A new generation of portfolio management tools are now available which sit on top of wealth managers’ existing systems but offer more flexible and focused capabilities
Can we really afford to spend 100 years closing the gender pay gap?
Women working in financial services tend to be paid considerably less than their male counterparts and struggle to break through the glass ceiling, despite evidence showing that companies with more women in senior roles do better

Banks seek ways to cover cost of legislative headwinds
Private banks have come up with a number of ways to try to boost revenues in the face of increased regulation, including adopting a more disciplined investment approach and increasing productivity through digitalisation

Reacting to an avalanche of regulation
Private banks have increased their legal and compliance teams to deal with new regulations and the cost has led to some consolidation. But does technology offer a different solution?
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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