2013 was an interesting year for global wealth management. Social media and self-directed investment continued to challenge wealth managers’ business models, alongside new regulation including the RDR. In terms of the competitive environment Western Europe was the hub of M&A activity, while Julius Baer continued to fill the headlines with its take-over of Merrill Lynch’s business.
Analyze the global trends that characterized the wealth management industry in 2013.
Learn how competitors reacted to the years challenges.
Understand how the balance of global wealth shifted in 2013.
Reasons To Buy
What were the industry realities of 2013?
How did the regulatory environment impact the industry in 2013?
Which wealth managers were most active in M&A, product innovation, or staffing?
How did the balance of the global wealth market change?
The highlight of the product and service environment in 2013 was self-directed investment, which is both a challenge and an opportunity for wealth managers. In addition, social media was increasingly used in 2013 as a method of client servicing, signaling that wealth managers are finally realizing the benefits of social media.
Regulation continued to have an impact on the wealth management industry. The RDR, FACTA, and MiFID II all promise to alter the way in which wealth managers serve their clients.
Western Europe was the hub for M&A activity, with large wealth managers buying and selling units in different countries. On a global scale the take-over of Merrill Lynch units by Julius Baer continued to fill the headlines.