Opinion on Wealth Management and Private Banking

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Type Product title / description Pub Price
Expert View
Expert View

Australia: new bond regulation to pass HNW investors by

The effect of Australia's newly introduced bond legislation on the allocation of HNW individuals' assets is expected to be marginal, as the law's changes regarding the provision of prospectuses only apply to a small proportion of the country's HNW community when considering their total asset pool.

Published By Datamonitor
26 Mar 2013
Expert View
Expert View

Guernsey and Isle of Man: tough times ahead

The UK has reached agreements with both the Isle of Man and Guernsey in which the two centers will disclose information regarding offshore account holders to the HMRC. These agreements are the latest development in this new era of offshore transparency. However, with non-resident deposits already in decline, they are unlikely to be welcomed by local wealth managers.

Published By Datamonitor
20 Mar 2013
Expert View
Expert View

Cyprus levy: wealth managers under threat

Deposits form the backbone of the retail savings investment market across Europe and around the world. The Cypriot bailout - with its punishing terms for depositors of all sizes - has moved the European crisis from one that merely destroys the value of investments to one that will effectively confiscate assets, upping the threat to wealth managers around the Mediterranean.

Published By Datamonitor
19 Mar 2013
Expert View
Expert View

Cyprus levy will exacerbate offshore outflows

A deposit levy proposed in Cyprus has brought turmoil to the eurozone recovery, but it has also undermined the attraction of Cyprus as an offshore center. Banking instability on the island has already compromised offshore wealth inflows and the levy will only exacerbate the problem.

Published By Datamonitor
19 Mar 2013
Expert View
Expert View

FCA's "ability to demonstrate" only the first step

The EU Fourth Money Laundering Directive, Section 166 reports, the Retail Distribution Review, FATCA: the UK wealth management industry is under fire, and the Financial Conduct Authority has just sharpened its focus. The regulator will launch a specialist wealth manager supervisory unit. If regulation wasn't already at the top of the 2013 priority list, it certainly should be now.

Published By Datamonitor
18 Mar 2013
Expert View
Expert View

FAIR is no FOFA or RDR

The MAS has released its consultation paper on the proposed reforms of the FAIR. Besides asking for greater clarity, the points raised by the MAS make it safe to conclude the reforms will be relatively minor, adding compliance costs but not disrupting the financial advice market in the manner of similar reforms elsewhere.

Published By Datamonitor
11 Mar 2013
Expert View
Expert View

Alternative investments to flourish in Hong Kong

Measures proposed by the Hong Kong government to develop the country's alternative asset industry are expected to drive demand for hedge funds and private equity, meaning wealth managers should position their product and service offerings accordingly.

Published By Datamonitor
08 Mar 2013
Expert View
Expert View

Morgan Stanley focusing on the US

Press reports suggest that Morgan Stanley is looking to divest its UK wealth operations. Given its recent divestments, it would be no surprise if the reports were with foundation. Indeed, Morgan Stanley's future focus and commitment appears very firmly to be on the US, which is by far its largest market. The only question that remains is who would be in the market to purchase its UK operations.

Published By Datamonitor
07 Mar 2013
Expert View
Expert View

Wealth managers need to join the mobile bandwagon

Private wealth managers are by necessity more cautious than the rest of the financial services market, as they are responsible for the preservation and growth of their clients' money. As such, technological innovation comes slow to the market. However, the mobile banking revolution is unfolding so fast that wealth managers have to develop a mobile strategy or risk losing affluent customers.

Published By Datamonitor
01 Mar 2013
Expert View
Expert View

Advisors miss out on tablets

Applications giving wealth management clients access to investment and market information were very popular in 2012, as were applications allowing banking and trading transactions. However, despite numerous firms offering software to create applications for advisors uptake was limited. Granted, implementation is costly, but the security benefits and client interaction offer unique advantages.

Published By Datamonitor
28 Feb 2013

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