Tag #Wealth Management

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europe.chinadaily.com.cn

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Jun 9, 07:10

Surging Chinese Savings: A Potential Economic Risk

China's residential savings increased by $1.26 trillion in Q1 2024, exceeding non-financial corporate savings and potentially hindering economic growth due to decreased consumption and investment, mirroring Japan's 'lost decades' unless addressed by increased global investment options.

Surging Chinese Savings: A Potential Economic Risk

China's residential savings increased by $1.26 trillion in Q1 2024, exceeding non-financial corporate savings and potentially hindering economic growth due to decreased consumption and investment, mirroring Japan's 'lost decades' unless addressed by increased global investment options.

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What are the immediate economic consequences of the dramatic rise in Chinese residential savings?

China's residential savings surged by $1.26 trillion in Q1 2024, a 7.7% year-on-year increase. This exceeds non-financial companies' savings and reflects growing caution among consumers, potentially hindering economic growth.

forbes.com

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Jun 4, 22:14

The High Cost of Cheap Financial Advice

The article emphasizes the dangers of prioritizing low cost over fiduciary duty when choosing a financial advisor, citing a 12% potential loss in retirement savings from conflicted advice as one example, and advocating for fee-only fiduciary advisors.

The High Cost of Cheap Financial Advice

The article emphasizes the dangers of prioritizing low cost over fiduciary duty when choosing a financial advisor, citing a 12% potential loss in retirement savings from conflicted advice as one example, and advocating for fee-only fiduciary advisors.

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Reduced Inequality

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What are the significant long-term financial risks associated with selecting a financial advisor primarily based on cost?

Financial advisors are often chosen based on cost and proximity, but this can be detrimental. A bad financial decision, such as an improper tax strategy, can have compounding negative effects over time, leading to significant financial losses. Many advisors operate on commission-based models, incentivizing them to prioritize sales over client needs.

lemonde.fr

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May 27, 10:13

French Private Banking: Bespoke Wealth Management and Long-Term Client Relationships

French private banks provide tailored wealth management, exceeding retail bank services through dedicated private bankers, frequent client meetings, and long-term relationships fostering deep client understanding and personalized financial strategies.

French Private Banking: Bespoke Wealth Management and Long-Term Client Relationships

French private banks provide tailored wealth management, exceeding retail bank services through dedicated private bankers, frequent client meetings, and long-term relationships fostering deep client understanding and personalized financial strategies.

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What distinguishes private banking's client service from that of retail banks, and what are the immediate consequences for clients?

Private banks in France offer bespoke wealth management services, exceeding the standardized solutions of retail banks. This includes personalized attention from a dedicated private banker, frequent meetings tailored to client needs, and long-term relationships built over years, sometimes generations.

theglobeandmail.com

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May 9, 01:17

Fiera Capital Names New CEO Amidst Restructuring

Fiera Capital Corp. announced Maxime Ménard as its new global president and CEO, replacing Jean-Guy Desjardins, effective July 1, following a workforce reduction and significant asset outflows from institutional investors. The restructuring aims to improve operational efficiency and client relations...

Fiera Capital Names New CEO Amidst Restructuring

Fiera Capital Corp. announced Maxime Ménard as its new global president and CEO, replacing Jean-Guy Desjardins, effective July 1, following a workforce reduction and significant asset outflows from institutional investors. The restructuring aims to improve operational efficiency and client relations...

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What are the immediate consequences of Fiera Capital's executive leadership change and recent restructuring?

Fiera Capital Corp. announced that Maxime Ménard will replace Jean-Guy Desjardins as global president and CEO, effective July 1. Desjardins will remain as executive chair. This follows a workforce reduction of approximately 50 roles and the departure of key executives.

forbes.com

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May 4, 16:11

Family Offices: From Wealth Preservation to Legacy Building

Wealthy families are transitioning from focusing primarily on wealth preservation to a legacy-building approach that emphasizes purpose, impact investing, and incorporating family values into investment decisions, viewing their wealth as a platform for positive change.

Family Offices: From Wealth Preservation to Legacy Building

Wealthy families are transitioning from focusing primarily on wealth preservation to a legacy-building approach that emphasizes purpose, impact investing, and incorporating family values into investment decisions, viewing their wealth as a platform for positive change.

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What is the primary driver behind the evolving role of family offices, and how is this impacting investment strategies?

Wealthy families are increasingly focusing on legacy building, shifting from solely protecting assets to cultivating a meaningful purpose for their wealth. This involves helping family members discover their individual passions and aligning their investments with values such as social and environmental impact.

forbes.com

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Apr 20, 19:14

Family Office Team Building: Applying Startup Principles for Success

This article contrasts traditional family office team building with a startup approach, emphasizing the importance of a lean, mission-driven team with diverse expertise, phased hiring, and innovative incentive structures to maximize efficiency and minimize risk, aligning with the family's vision and...

Family Office Team Building: Applying Startup Principles for Success

This article contrasts traditional family office team building with a startup approach, emphasizing the importance of a lean, mission-driven team with diverse expertise, phased hiring, and innovative incentive structures to maximize efficiency and minimize risk, aligning with the family's vision and...

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How can family offices apply startup principles—like phased hiring and performance-based incentives—to optimize team building and minimize the risk of leadership failures?

The article contrasts traditional family office structures—often prioritizing finance roles—with a startup model focused on assembling a small, versatile team with diverse expertise. This approach addresses risks like culture misfires and excessive overhead, crucial for efficient wealth management.

theglobeandmail.com

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Jun 5, 16:14

Wealth Advisor Highlights Mentorship, Long-Term Planning, and Systemic Concerns

Sandra Macenko Merkley, a senior wealth advisor, discusses her upbringing, career lessons, and concerns about increased longevity costs and unqualified power of attorneys, encouraging more women to enter financial services.

Wealth Advisor Highlights Mentorship, Long-Term Planning, and Systemic Concerns

Sandra Macenko Merkley, a senior wealth advisor, discusses her upbringing, career lessons, and concerns about increased longevity costs and unqualified power of attorneys, encouraging more women to enter financial services.

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How does Sandra Macenko Merkley's balanced upbringing and career experiences contribute to her understanding of client needs and concerns?

Macenko Merkley's career path reflects the importance of self-belief and surrounding oneself with supportive mentors. Her past experience with a discouraging mentor taught her to seek out those who believe in one's abilities and support professional growth. This directly impacts her advice to clients, where she stresses long-term financial planning and the potential pitfalls of unqualified power of attorneys.

theglobeandmail.com

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May 29, 13:12

RIA Model Gains Traction in Canada

The RIA model, offering advisors full business ownership and client experience control, is expanding in Canada, mirroring a significant U.S. trend where RIAs comprise over 27% of advisors, a number set to exceed 30% in five years; this contrasts with the traditional independent broker-dealer model, ...

RIA Model Gains Traction in Canada

The RIA model, offering advisors full business ownership and client experience control, is expanding in Canada, mirroring a significant U.S. trend where RIAs comprise over 27% of advisors, a number set to exceed 30% in five years; this contrasts with the traditional independent broker-dealer model, ...

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What are the potential challenges and risks associated with Canadian advisors transitioning to the RIA model, and what type of advisor would benefit most from this approach?

Early adoption of the RIA model in Canada offers significant value creation opportunities for advisors. The model allows for greater flexibility in succession planning and higher business valuations, as seen in the U.S. market. However, success requires a growth mindset, a clear vision for client experience, and a willingness to navigate the transition to full independence. The model is not suitable for advisors content with their current situations or lacking growth aspirations.

theglobeandmail.com

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May 13, 13:15

Tech-Driven Transformation of Wealth Management

Technological advancements are transforming wealth management, improving client service and efficiency but increasing pressure on firms to keep pace; strategic fintech partnerships and industry collaboration are crucial for navigating this change.

Tech-Driven Transformation of Wealth Management

Technological advancements are transforming wealth management, improving client service and efficiency but increasing pressure on firms to keep pace; strategic fintech partnerships and industry collaboration are crucial for navigating this change.

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How are technological advancements impacting the efficiency and client service in the wealth management industry, and what are the immediate consequences for firms?

Wealth management is experiencing rapid technological advancements, increasing efficiency and client service while raising the stakes for firms to keep pace. Clients now benefit from customized services and improved advisor interactions, driven by technology-enabled cost reductions and increased advisor availability. This translates to revenue growth and margin expansion for firms.

theglobeandmail.com

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May 6, 13:15

Wealth Management Productivity Gap Widens Amid Advisor Retirements

The wealth management industry faces a productivity gap as advisors retire, creating increased workloads for those remaining. While technological advancements offer potential solutions, adoption rates remain low, particularly among older advisors, creating challenges for firms of different sizes.

Wealth Management Productivity Gap Widens Amid Advisor Retirements

The wealth management industry faces a productivity gap as advisors retire, creating increased workloads for those remaining. While technological advancements offer potential solutions, adoption rates remain low, particularly among older advisors, creating challenges for firms of different sizes.

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What are the immediate consequences of the increasing retirement rate among wealth management advisors, and how is this impacting overall industry productivity?

As advisors retire, a productivity gap is emerging in wealth management, potentially increasing workloads for remaining advisors. The average full-brokerage advisor's assets under management in Canada grew 8.2% annually from 2014-2024, while the number of advisors increased only 5%, suggesting improved productivity despite fewer new advisors entering the field. However, this growth may not be sustainable without technological advancements.

forbes.com

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May 2, 16:14

Longevity Planning: A Growing Opportunity for Wealth Managers

Since 1980, global life expectancy has risen by nearly a decade, but a Fidelity study reveals that most people underestimate how long they'll live and the associated costs, creating a significant opportunity for wealth managers to offer comprehensive longevity planning services.

Longevity Planning: A Growing Opportunity for Wealth Managers

Since 1980, global life expectancy has risen by nearly a decade, but a Fidelity study reveals that most people underestimate how long they'll live and the associated costs, creating a significant opportunity for wealth managers to offer comprehensive longevity planning services.

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What is the primary financial implication of the widening gap between increasing life expectancy and insufficient retirement planning?

Global life expectancy has increased by almost a decade since 1980, yet most people significantly underestimate their lifespan and retirement needs, creating a financial preparedness gap.

forbes.com

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Apr 6, 22:10

Asian Family Offices Diverge on Strategy Amidst AI Adoption and Cybersecurity Concerns

During Q1 2025, Asian family offices adopted contrasting strategies, with Hong Kong emphasizing flexibility, Singapore focusing on strict regulations, and Malaysia offering Islamic finance incentives; AI adoption accelerated, but cybersecurity concerns persisted; generational shifts in investment pr...

Asian Family Offices Diverge on Strategy Amidst AI Adoption and Cybersecurity Concerns

During Q1 2025, Asian family offices adopted contrasting strategies, with Hong Kong emphasizing flexibility, Singapore focusing on strict regulations, and Malaysia offering Islamic finance incentives; AI adoption accelerated, but cybersecurity concerns persisted; generational shifts in investment pr...

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How did the increased adoption of AI by family offices manifest in Q1 2025, and what are the different approaches being taken?

This divergence mirrors the early 2000s competition between London and Switzerland, but with a focus on crypto and compliance. Singapore's success demonstrates that well-calibrated regulations can attract substantial capital. The rise of AI-first strategies, as exemplified by Eric Schmidt's family office, signals a fundamental shift in how family offices operate.

Showing 13 to 24 of 51 results