Daily News Analysis
18 June 2013
Overall investor satisfaction with self-directed investment firms slipped from levels seen in 2012, as investment firms struggle to find the right method and frequency of communicating with investors, according to the JD Power & Associates 2013 US Self-Directed Investor Satisfaction Study. The study, now in its 12th year, measures investors' satisfaction with their investment firm based on performance in six factors (in order of importance): interaction, account information, trading charges and fees, account offerings, information resources, an . .
18 June 2013
How the rich accumulate their wealth has changed dramatically over the past quarter of a century. Not so long ago, the rich mainly inherited their wealth, but nowadays they are far more likely to be self-made, a pattern common across the globe, according to a new survey . When the UK's Sunday Times Rich List was first published in 1989, only 43 per cent of the UK's richest people had made their fortune themselves, with 114 of the people on the 200 strong list having inherited their wealth.
17 June 2013
Only 3 per cent of high net worth individuals in the US attribute their wealth to inheritance, while 67 per cent claim to be “self-made” millionaires, according to a new survey by BMO Private Bank. The firm’s inaugural report, which is the first in a series of studies looking at trends among HNW Americans, also revealed that a quarter of HNW individuals in the US are under the age of 40 . In other interesting findings, a third of the respondents were either born outside of the US or are first generation Americans, with at least one parent born elsewhere.
13 June 2013
A new study from BMO Private Bank confirms the rise of women’s share of private wealth among the country’s affluent citizens. The study of 305 Canadian adults with at least $1 million in investable assets shows that women made up a third, up from 21 per cent three years ago . It also found that 40 per cent of these women generated their own wealth and one-third of them manage their own investments.
11 June 2013
Private equity managers are feeling confident about returns and deal opportunities for the rest of this year, according to a new survey of the industry. The recovering economy was seen as a key factor for the positive outlook, with 14 per cent of private equity firms expecting more entrepreneurs to be looking for capital, and 28 per cent expecting to see pent-up demand unleashed . The group of 215 private equity firms surveyed by Rothstein Kass found that 80 per cent are targeting double-digit returns for this year, with only 8 per cent expecting returns below 10 per cent.
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.
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.
18 October 2012
The top challenges for single-family offices in the current environment are regulatory rules, investment performance and security issues, the fifth Annual SFO Study from The Family Wealth Alliance revealed.
26 September 2012
Three-quarters of estate plans relating to HNW clients are at least three years old, yet an overwhelming 95 per cent of these clients have experienced “significant changes” since the plans were drawn up, a new study shows.
17 August 2012
The world’s most successful, multi-generational families routinely adopt best practices on maintaining personal relationships, family governance and next-generation development, a new study finds.
News and Features
Comment and Analysis
The annual RBC Wealth Management/Capgemini World Wealth Report also showed that North America, which in 2011 had lost its top-dog status to Asia-Pacific, is now back as the place with the largest high net worth market.
18 June 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