Daily News Analysis
17 May 2013
BNY Mellon’s Pershing Advisor Solutions and Wealth Management Advisor Custody Group will offer an integrated bank and brokerage custody service. The firm said it has created a single offering to give wealth managers, investment advisors and family offices a “richer client service experience . ” “Advisors will no longer have to choose between custody service models and will be able to offer clients more choices,” BNY Mellon said.
15 May 2013
Systematically soliciting feedback from clients and then using this strategically might seem to be a “no-brainer,” but as yet this seems to be anything but the norm in today’s wealth management industry, according to sister publication WealthBriefing’s latest research report, The New Normal: Codifying Superior Client Experience In Wealth Management. (This report is free to download as part of Family Wealth Report member benefits, as is access to an extensive webcast of senior executives discussing its findings) . Produced in association with Barclays Wealth and Investment Management, this groundbreaking research report is based on a survey of 346 industry professionals all arou.
15 May 2013
Vestra Wealth, the UK-based firm, is launching a US business dedicated to addressing the complex regulatory and tax issues faced by transatlantic investors. Vestra US Wealth Management is regulated by both the UK’s Financial Conduct Authority and the Securities and Exchange Commission . It is led by directors Paul Nixon and Neil Williams, and also has a specialist team which will create portfolios for clients that take into account income and growth requirements, as well as tax and investment constraints.
8 May 2013
The number of investment institutions prioritizing risk management has more than doubled since before the 2008 financial crisis, but the way in which risk is communicated internally is holding back further progress, according to new research by the Economist Intelligence Unit. The survey, Closing the communication gap: How institutional investors are building risk-aware cultures, was conducted in the first quarter of 2013 and commissioned by State Street Corporation . Respondents included about 300 executives of investment institutions,.
7 May 2013
A fee only wealth manager has launched a purely online version of its advice offering, as it aims to reach more investors. Savant Capital Management is aiming to become one of the first fully online offerings for financial planning and investment, whereby each client will receive a dedicated team . Firms such as FutureAdvisor and Personal Capital have pioneered a purely online approach to wealth management.
13 May 2013
Here, top executives at Citi Private Bank explain how the bank’s “Voice of the Client” initiative has rapidly gained traction among both staff and clients.
11 April 2013
WE Family Offices is trying to change the landscape of high-end wealth management with its offering focused on “wealth as an enterprise.”
2 April 2013
Mexico is home to the world’s richest man in the form of telecoms magnate Carlos Slim, but its wealth management market has not received the attention of Brazil’s. That may be changing as the emerging economy garners attention from the industry.
27 March 2013
GenSpring Family Offices is in some ways a poster child for the multi-family office industry: it grew assets under management very quickly for many years but has recently had to tackle problems that come with this increasing scale.
25 March 2013
Relevancy, transparency and ease of use emerged as goals for wealth management firms to strive for in delivering client-centric communications at a recent event of industry leaders held in New York.
News and Features
Comment and Analysis
As markets have been volatile, patchier liquidity will mean that capacity constraints on some hedge fund strategies have to be closely monitored to protect performance, FQS Capital, the hedge funds arm of a family office business, says.
17 May 2013
Here Diane Harrison, principal and owner of Panegyric Marketing, argues that the debate over fees in the hedge fund industry often focuses on the wrong topics.
20 March 2013
Here, Jimmy Chang, a senior portfolio manager and a managing director of Rockefeller & Co, discusses some issues around investing in the current environment.
4 April 2013
The period between 2008 and 2012 saw an uptick in risk reviewing business at New York’s Rothstein Kass Family Offices Group, says partner Evan Jehle.
9 April 2013
Building functionality into a family’s business affairs involves defining each person’s role but it’s never easy to think differently about family members who were children at the dinner table, but are now adults around the board table.
8 April 2013
Marc Odo, director of research at software and business intelligence firm Informa Investment Solutions, discusses why diversification failed during the credit crisis.
25 March 2013