European wealth management firms are being presented with a rare opportunity: the next wave of evolution and growth of the mass affluent market. While this could offer significant potential growth for these firms, realizing it will not be a simple matter. Clients are looking today for solutions that address rising inflation, their growing interest in…
In recent weeks, an array of bad-news stories has led some commentators to predict the demise of cryptocurrencies and other digital assets. These stories include the collapse of the algorithmic stablecoin USTC and its sister token LUNA—costing investors tens of billions of dollars1—and the decision by cryptocurrency lending platform Celsius Networks to suspend withdrawals2. The…
Mortgages. Student loans. Tax allowances. Investment strategies. Credit card debt. Pensions. Buy-now-pay-later offers. When you’re fresh out of college and starting a new chapter, the world of financial services can be a very confusing place. One where, despite years of education in other subjects, you still might have a lot to learn. A lack of…
There is no doubt that Asia could offer great growth opportunities in wealth management—for both local players and international firms. Just consider for a moment the economic strengths and dynamic developments across a variety of different countries and markets that are driving the rising wealth in the region. And while we might see more volatility…
Two striking statistics emerged from Accenture’s recent Wealth Management Consumer Report: Almost 90% of High Net Worth (HNW) investors from our survey with $10 million or more in personal wealth, felt the advice provided to them by their advisor was too generic. 51% of those HNW investors indicated they would retain a new advisor to…
Over the past eighteen months, we’ve seen some of the biggest global players and mid-tier firms in wealth management announce major changes to their wealth strategies and operating models. The common theme? A partial or full merging of high-end private banking with lower-end mass-affluent businesses into a single much larger wealth management unit to deliver…
