Abstract
References
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- Ganti, Akhilesh. “Wealth Management Definition.” Investopedia, Investopedia, 19 Apr. 2020, www.investopedia.com/terms/w/wealthmanagement.asp.
- Gupta, Indraneel Sen. “WEALTH MANAGEMENT BASICS OBJECTIVES SERIES 1.” CAclubindia, CAclubindia, 23 Sept. 2009, www.caclubindia.com/articles/wealth-management-basics-objectives-series-1-3231.asp.
- “Private Wealth Management - Services - Europe, the Middle East and Africa.” Goldman Sachs, www.goldmansachs.com/what-we-do/consumer-and-investment-management/private-wealth-management/emea.html.
- “Private Wealth Management - Understanding How PWM Firms Operate.” Corporate Finance Institute, 26 Aug. 2018, corporatefinanceinstitute.com/resources/careers/jobs/private-wealth-management/.
- “What Is Wealth Management? Wealth Management Definition.” McClellan Wealth, www.mcclellanwealth.com/wealth-management/.
- https://chriskalin.com/wp-content/uploads/2018/07/the-wealth-report-2017.pdf
- http://online.wsj.com/public/resources/documents/Top40WealthManagementFirms2018.pdf?mod=article_inline&adobe_mc=MCMID%3D52560351725725458030306813757069448344%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1586771620
- BCG Global asset management 2019 report ...........
- https://www.capgemini.com/es-es/wp-content/uploads/sites/16/2019/07/World-Wealth-Report-WWR-2019.pdf
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Abstract
Purpose- The purpose of this research is to explore and identify the prevailing trends in the wealth management sector on a global scale. Methodology- As the main aim of the research is to identify the prevailing trends in the wealth management sector on a global scale, we have collected various statistical data sets regarding the various trends that are already established within the sector. Furthermore, we have also carried out interviews with two private bankers, one wealth management executive, and one wealth management client in order to get a substantial amount of insight on where the industry is headed.
Findings- The wealth management sector has seen a rapid growth over the course of the last two decades but is being heavily impacted by the COVID-19 crisis.
Conclusion- New trends look to impose new rules in the wealth management sector. COVID-19 and the existing economic troubles together may result in a significant slowdown in sectoral growth while a consolidation era for wealth management companies are commonly expected. Meanwhile, a dramatic change in most clients’ mindset and rapid adoption of more technology in the sector helping firms to reduce operational costs are foreseen.
Keywords
Wealth management assets under management (ultra) high net worth individual consolidation Covid-19
References
- Asset Management vs Wealth Management: 7 Best Difference To Know. EDUCBA, 23 Apr. 2020, www.educba.com/asset-management-vs-wealth-management/.
- Ganti, Akhilesh. “Wealth Management Definition.” Investopedia, Investopedia, 19 Apr. 2020, www.investopedia.com/terms/w/wealthmanagement.asp.
- Gupta, Indraneel Sen. “WEALTH MANAGEMENT BASICS OBJECTIVES SERIES 1.” CAclubindia, CAclubindia, 23 Sept. 2009, www.caclubindia.com/articles/wealth-management-basics-objectives-series-1-3231.asp.
- “Private Wealth Management - Services - Europe, the Middle East and Africa.” Goldman Sachs, www.goldmansachs.com/what-we-do/consumer-and-investment-management/private-wealth-management/emea.html.
- “Private Wealth Management - Understanding How PWM Firms Operate.” Corporate Finance Institute, 26 Aug. 2018, corporatefinanceinstitute.com/resources/careers/jobs/private-wealth-management/.
- “What Is Wealth Management? Wealth Management Definition.” McClellan Wealth, www.mcclellanwealth.com/wealth-management/.
- https://chriskalin.com/wp-content/uploads/2018/07/the-wealth-report-2017.pdf
- http://online.wsj.com/public/resources/documents/Top40WealthManagementFirms2018.pdf?mod=article_inline&adobe_mc=MCMID%3D52560351725725458030306813757069448344%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1586771620
- BCG Global asset management 2019 report ...........
- https://www.capgemini.com/es-es/wp-content/uploads/sites/16/2019/07/World-Wealth-Report-WWR-2019.pdf
- Credit Suisse global wealth reports (2010 to 2019)
Details
| Primary Language | English |
|---|---|
| Subjects | Finance, Business Administration |
| Journal Section | Articles |
| Authors | |
| Publication Date | July 30, 2020 |
| Published in Issue | Year 2020 |
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