Daily News Analysis
13 June 2013
Industry surveys showing how wealth management clients are increasingly demanding underscore the value of technology in helping firms deliver top-notch service, Advent Software says in a report. The San Francisco-headquartered company set out three rules which it said managers should adopt to enable them to focus on core activities: Firstly, managers should have a robust portfolio management system to integrate know-your-client processes, client relationship management and market data, and which offers web and mobile reporting; secondly, managers should track investment decisions so they can be justified immediately to a client, and thirdly, offer personalized access to advanced market analysis, product information and investment ideas . “Technology can .
29 April 2013
Users of “smart devices” such as modern mobile phones have come to expect a richer experience from tapping into links with their wealth managers via apps, according to a new report by Celent, the financial research and consultancy firm. In a report, called North American SnAppshot 2013: Capital Markets and Wealth Management, the firm points out that apps can exploit devices such as cameras to enable remote deposits and GPS functionality to help users find the nearest branch office or ATM . Financial services firms are also seeing higher demand for internal apps from their employees, it say.
16 April 2013
Wealth managers will be focusing on technology to upgrade the advisor and client experience over the next two to five years, according to new research.
15 April 2013
While the ageing Baby Boomer generation attracts considerable wealth management attention, understanding the different outlook of younger population cohorts must be achieved for firms to stay in business, according to Pershing, the financial services firm that is part of New York-listed BNY Mellon. The so-called generations “X” and “Y” must be attracted and managers must understand the different attitudes towards wealth, investment and lifestyle that these population groups have, the bank said following a recent client advisor council in the UK . The council is part of the firm’s practice management program.
20 March 2013
BNY Mellon has launched a reporting solution that enables alternative investment clients to prepare and file Form PF, as required by recent rules introduced by the Securities and Exchange Commission and Commodity Futures Trading Commission. Form PF reporting complies with Section 404 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which is aimed at protecting investors and the US financial system from future systemic risk . Registered investment advisors are required to file Form PF with the SEC on either a quarterly or annual basis, depending on the type and size of private f.
12 March 2013
In this digital age, with stories of data thefts, security breaches and zealous government assaults on what they see as illegitimate secrecy, the issue of how to handle data protection is one of the most important facing the wealth management industry.
25 January 2013
As digital technology and accessible air travel combine to make communicating across borders easier, many people are taking the opportunity to live lives that make the most of global opportunities: in investments, colleges, the job market and - consequently - love. Indeed, transnational marriages are on the rise around the world . “With globalization, it’s easy for [people] to travel, so there are now a lot of transnational marriages,” says Evie Jeang, managing partner ofIdeal Legal Group, who is capitalizing on this in her practice.
21 December 2012
Joe Reilly, president of the Family Office Association, sits down with Charlie Collier, former senior philanthropic advisor at Harvard, to talk about how he came to write his influential book, how to get a family comfortable talking about money, and living with Alzheimers.
14 November 2012
This year saw Threshold Group launch its Community Square forum, a peer-to-peer network which includes specialists on “wealth education issues,” with an event in Chicago.
10 July 2012
The retirement of the Baby Boomer generation is upon us, and it might be wise for wealth managers to ensure they are addressing the challenges of health and aging with client families as much as possible.
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