Global Wealth Management: Competitive Dynamics

12/19/2017 5:18:49 AM

(MENAFNEditorial) LONDON, Dec. 19, 2017 /PRNewswire/ --Download the full report:

Key findings included in this report -
- Private wealth managers are continuing to face difficulties in growing net inflows, highlighting the competition from smaller players in the market.
- Higher costs are resulting in higher assets under management (AUM) thresholds at the private wealth management arms of most competitors, constraining the size of the potential client base but helping to maintain margins.
- Many top wealth managers have been prioritizing margins and profits, resulting in de-risking as fines and legal settlements remain one of the major costs incurred by the industry.

Many wealth managers are taking steps to purge their client books of risky business, particularly in the offshore sector or geographies with poor reputations. Many leading wealth managers have already started selling off businesses in such locations. The introduction of the Common Reporting Standard (CRS) and the automatic exchange of information has made this more important in 2017 and 2018.

Majority of the top wealth managers are pursuing low-touch robo-advisory offerings. It is clear that this will become a main wealth management channel for retail clients; all wealth managers need to have a robo-advice strategy that complements their existing premium brands.

The report "Global Wealth Management: Competitive Dynamics", benchmarks the world's leading wealth managers by managed client assets and financial performance. It covers the 34 most prominent institutions, including standalone private banks and wealth managers, as well as competitors that are part of larger universal financial groups. All international wealth managers with over $100bn in private client AUM are featured in the report.

Specifically, this report -
- Ranks the competitors by private clients' AUM.
- Looks at client assets booked in other than pure wealth management services, including brokerage.
- Analyzes historical growth, as well as perspectives for further development of AUM, both in terms of current asset base expansion and attracting new money.
- Compares the profitability of the covered competitors, examining sources of revenue and the largest components of the cost base.
- Examines how wealth management units folded into larger organizations contribute to the wider business of the competitor in question.

Companies mentioned in this report:ABN Amro, Bank of America Merrill Lynch, Barclays, BNP Paribas, BNY Mellon, Bank of China, Bank of Montreal, Charles Schwab, China Merchants Bank, Citigroup, Citi Private Bank, CréditAgricole, Credit Suisse, Deutsche Bank, DBS, EFG Financial, Goldman Sachs, HSBC, HSBC Private Bank, JP Morgan, Julius Baer, Morgan Stanley, Northern Trust, Pictet, Royal Bank of Canada, RBC, Royal Bank of Scotland, RBS, Santander, SociétéGénérale, Standard Chartered, UBS, US Trust, Vontobel, Wells Fargo

Scope
- Private wealth managers are continuing to face difficulties in growing net inflows, highlighting the competition from smaller players in the market.
- Higher costs are resulting in higher assets under management (AUM) thresholds at the private wealth management arms of most competitors, constraining the size of the potential client base but helping maintain margins.
- Many top wealth managers have been prioritizing margins and profits, resulting in de-risking as fines and legal settlements remain one of the major costs incurred by the industry.

Reasons to buy
- Benchmark your AUM and financial performance against the biggest players in the industry.
- Understand the challenges in growing client assets in different geographies.
- Learn about your competitors' strategies related to expanding client books.
- Find out how profitable the wealth management business is.
- Identify the industry's best practices in managing operating costs and boosting revenues.
- Discover how wealth managers' M & A activity affects their financial performance.

Download the full report:

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