Practice Strategies
Latest News for Practice Strategies
- August 31, 2010 - Give Yourself A Fighting Chance In Wealth Management Jobs Market
This is the second part in a private banking career guide that aims to help you position yourself better in the market, and essentially help you in achieving that next career step in the right direction. The first part, which originally appeared in sister publication Wealth Briefing, follows below.
- August 18, 2010 - Multi-Family Offices At Crossroads, Business Models Challenged
Multi-family offices are finding themselves at a crossroads: while poised to benefit as single-family offices come under increasing cost and regulatory pressure, they are at the same time confronting formidable challenges to their own business model. Last month’s financial reform legislation, which opened the possibility that family offices with fewer than 15 clients may have to register with the Securities and Exchange Commission, was just the latest concern for beleaguered single-family offices.
- July 27, 2010 - Clients Seek Better Reporting From Wealth Managers - SEI Poll
Clients are now looking for enhanced reporting methods from their wealth managers, a recent poll by SEI reveals. Around 70 per cent of the respondents said that enhanced reporting is a priority, which coincides with the 87.
- July 21, 2010 - Evaluating Client Suitability - How To Ensure Industry Best Practice
Increased regulation is changing the way wealth investment managers determine their clients’ needs. This means that they need to not only advise the client on what investment strategy to take, but also ensure that it can actually be delivered in a compliant way.
- June 10, 2010 - Neuberger Berman CEO Defends Its Portfolio Manager Model
George Walker, chairman and chief executive of Neuberger Berman, strongly defended his firm’s “portfolio manager-centric” style of wealth management in an exclusive interview with Family Wealth Report. “That’s who we are,” Walker said.
Latest Features for Practice Strategies
- March 17, 2010 - "Liability-Driven Investing" Scores With Wealthy Clients
“Liability-driven investing,” a familiar strategy for institutional investors, particularly pension funds, is proving to be a hit with wealthy clients as well, according to David Rosenberg, chief investment officer of the Threshold Group, a multi-family office based in Gig Harbor, Washington. The strategy segregates liabilities from assets and tries to match or at least carefully consider future expenses when building a portfolio. “It’s a very easy way to explain risk to clients,” Rosenberg said.
- February 9, 2010 - Open Architecture Vs Proprietary Products - A High-Stakes Debate
The great debate rages on, with billions of investment dollars hanging in the balance. Open architecture, the investing platform/philosophy that allows a financial advisor to pick and choose asset managers for their clients without restriction, continues to gain momentum in the US, especially among independents. But firms that sell in-house proprietary investment products have hardly fallen by the wayside, and in fact include thriving industry heavyweights such as Bessemer Trust, BNY Mellon Wealth Management, Alliance Bernstein and Wilmington Trust.
