1. Market Research
  2. > Financial Services
  3. > Banking
  4. > Private Banking Market Trends
  5. > 2012 in Review: Global Wealth Management, Verdict

2012 in Review: Global Wealth Management, Verdict

  • February 2013
  • -
  • GlobalData
  • -
  • 39 pages

Summary

Table of Contents

Summary
2012 was an interesting year for global wealth management. The global economy continued to rebalance, offering new client opportunities but turbulent markets provided volatile returns. New communication technologies fell short as cost outweighed return. All this occurred as Bank of America Merrill Lynch divested its international wealth management operation to Julius Baer.


Synopsis
- Analyse the global trends that characterized the 2012 wealth management industry.
- Learn how competitors reacted to the year's challenges.
- Understand how the balance of global wealth shifted in 2012.

Reasons To Buy
- What were the industry realities of 2012?
- How did the regulatory environment impact the industry in 2012?
- Who was most active in Mandamp;A, product innovation, or staffing?
- How did the balance of the global wealth market change?

Key Highlights
Morgan Stanley was the most active "retrencher" in 2012. It began to show signs of a move back to its core US market, following Bank of America. US banks are struggling to compete with local players, and better established foreign firms in Asia Pacific. Swiss banks enjoy a level of prestige among Asia Pacific HNWs that the US banks do not.

A large proportion of product innovation was located in the US in 2012. This was led by tablet and mobile innovations. Further afield, despite predictions that tablets and smartphones would revolutionize wealth management, uptake was muted.

A war raged for advisor teams in the US. Wells Fargo poached numerous broker and advisor teams from Morgan Stanley Smith Barney, Raymond James, and UBS Wealth Management Americas. As the Dodd Frank Act increased operating demands of registered investment advisors, US firms have launched support networks to encourage assets onto their books.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Advisory Asset Management: HNW Demand and Drivers

Advisory Asset Management: HNW Demand and Drivers

  • $ 5250
  • Industry report
  • March 2017
  • by GlobalData

Advisory Asset Management: HNW Demand and Drivers Summary Globally over 25% of HNW individual’s portfolio is invested via advisory services, with markets in Asia Pacific displaying the strongest affinity ...

Wealth in the US: HNW Investors

Wealth in the US: HNW Investors

  • $ 3450
  • Industry report
  • February 2017
  • by GlobalData

Wealth in the US: HNW Investors Summary GlobalData’s “Wealth in the US: HNW Investors” report analyzes the investing preferences and portfolio allocation of US HNW investors. The report is based ...

Wealth in France: HNW Investors 2017

Wealth in France: HNW Investors 2017

  • $ 3450
  • Industry report
  • April 2017
  • by GlobalData

Wealth in France: HNW Investors 2017 Summary "Wealth in France: HNW Investors 2017" analyzes the French investment market, with a focus on the HNW segment. The report is based on our proprietary datasets. ...


ref:plp2013

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.