Private client wealth management

In this issue

Money Guide: Wealth managers grapple with regulation and technology

Managers’ charges add up

Piles of pound coins

Fees are high – and rising

From oak-panelled offices to mobile apps

How wealth management is adapting to regulation and technology

Generational planning challenges

Many overestimate how long their wealth will last

The price of better wealth management

Advisers are performing better – but charging more

Rise of the passives

Index trackers have grown in popularity, but have limitations

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©Rosemary Roberts/Alamy

Pension reforms offer opportunity

New freedoms could create more demand for advice

Havens lose their appeal

Bonds, gold, property and cash all have their drawbacks

The Squeezed Middle Class
©Malcolm Park/Alamy

Squeezed out of advice

But it may still be worth catering for smaller portfolios

The great capitulation

Investors are switching out of cash into riskier assets

Edvard Munch’s ‘The Scream’ (1895)
©Olsen Collection

Demand for alternative assets grows

Fine wine and gold used for portfolio diversification

Bonds cornerstone of wealth preservation

Few truly viable alternatives for wealth preservation

Managers have fewer clients, but more assets

RDR leads to a concentration of assets with main providers

RDR – more of a whimper

Predictions of doom have proved largely unfounded as regulatory shake-up takes effect

Inflation and eurozone top list of worries

There is plenty to keep wealth managers awake at night

Wealth managers with winning ways

Results from FT/IC Wealth Management Awards

Two schools of thought on advice charges

Set fees more popular than an hourly rate

Passives becoming active choice for many

More wealth managers are using ETFs in particular

Knowledge gaps on both sides of the table

Wealth managers, and their clients, need more education

‘Risk assets needed to preserve wealth’

Equity holdings high in climate of financial repression

Liquidity remains a priority for investors

Private clients want flexible portfolios

Weighing real returns against risks

Wealth managers protect portfolios from inflation

Lehman legacy haunts asset managers

Wealth managers struggle to sell diversification

Many advisers not ready for RDR regime

Transparency over fees will come at a price

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