Private Wealth and Family Offices

Private Wealth and Family Offices - Articles & White Papers

Articles and white papers on wealth management, family offices and the private banking industry. Amongst our most read research on private wealth management is that which examines megatrends - the drivers of change in the industry - or which forecasts how the future of wealth management will look in, say, 2030. Surveys of the US investment adviser profession have proved popular, as have reports on how wealth managers should adapt to the digital world of social media, robo-advisers and big data. Research on family offices is found in this section, with white papers on the global state of family offices and the evolution of Asian family offices proving popular. Other content found here includes the Credit Suisse Global Wealth Report, a comprehensive survey of global household wealth.
  • Robeco

    Robo-advice isn’t a hype that will go away (Robeco, May 2017)

    Robo-advice is a hotly debated topic in the fintech space. On the one hand it has opened up the low-wealth market, that was previously unservable, to be advised at lower costs and increased transparency. On the other hand, it is often a dressed down version of full advice, only considers a limited number of asset classes and, potentially, fails in risk ...

  • Vanguard

    How America Saves 2016: Vanguard 2015 DC Plan Data

    This comprehensive annual report by Vanguard, now in its 15th year of publication, provides up-to-date analysis of Defined Contribution pension plans and participant behavior based on Vanguard's 2015 recordkeeping data. Adoption of professionally managed allocations by participants continues to grow. This has real potential to reconfigure that nature of retirement savings ...

  • Capgemini Consulting

    Wealth Management in the Digital Age (Capgemini, 2016)

    The pace of digital change within the wealth management industry has been slow. Over the years, a number of excuses have been used for not moving forward. This paper seeks to dispel some of these myths. While the industry has started to move in the right direction, the pace is still far too slow.

  • How much can retirees spend? The "virtual annuity" approach (Barton Waring & Laurence Siegel)

    The authors of this paper propose the "virtual annuity" approach to help determine a retirees' spending rule. They state that every year, a pensioner should only spend the amount a recently purchased annuity would pay out that year - with a buying price that equates to the then-present portfolio value, with a price that includes number of years of required cash flows remaining and ...

  • EDHEC-Risk Institute

    Introducing a Comprehensive Investment Framework for Goals-Based Wealth Management (EDHEC)

    This paper develops a framework that can be used by financial advisors to allow individual investors to optimally allocate assets to categories of risks they face across all life stages and wealth segments so as to achieve personally meaningful financial goals.

    One key feature in developing the investment framework for goals-based wealth management is the introduction of ...

    • Quantitative
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  • KPMG

    The New Inconvenient Truth - Social media: Too big for wealth managers to ignore? (2015)

    • 30 Jul 2015
    • Company: KPMG

    The future of the wealth management industry may well be at stake as social media practices clamber for adoption. In these pages, the authors take us on a journey through the wealth management industry showing us how: the present and future ways social media will be used in client relationships; to manage social media disruption; to understand social risks and regulations; to learn ...

  • CFA Institute Research Foundation

    Financial Risk Tolerance: A Psychometric Review (CFA Institute Research Foundation, 2017)

    This content by CFA Institute Research Foundation provides financial analysts, investment professionals, and financial planners with a review of how financial risk-tolerance tests can and should be evaluated. It begins by clarifying terms related to risk taking and is followed by a broad overview of two important measurement terms: validity and reliability. It concludes with ...

  • CFA Institute

    The Value of Premium Wealth Management (CFA Institute, 2017)

    Investor needs are changing rapidly. To assess this change, CFA Institute conducted extensive research with high-net-worth investors (HNWIs) and wealth managers. The just-released study, a collaboration with Scorpio Partnership, has produced two thought leadership papers on “The Value of Premium Wealth Management,” one

  • Heidrick & Struggles

    Future of Digital Financial Advice (Heidrick & Struggles, 2016)

    The world of financial advice is undergoing rapid change. Advances in analytics and machine learning have contributed to the rise of digital financial advisors (or “robo advisors”), with assets estimated by one observer to grow to nearly $500 billion by 2020 – an increase of 2,500% from 2015. This paper by Heidrick & Struggles explores what the future holds.

  • EY

    The Top 10 Drivers Disrupting Global Wealth and Asset Management (EY, 2016)

    • 13 Jul 2016
    • Company: EY

    The wealth and asset management industry is experiencing strong growth, mainly due to gradually recovering developed markets. Firms however also face a range of changes to the regulatory environment, remuneration model and shifting investor demographics. Firms who have previously focused on attractive asset classes comfortable margins (such as EMs) are now challenged as many ...

  • CFA Institute Research Foundation

    Longevity Risk and Retirement Income - CFA Institute Research Foundation Literature Review (2015)

    Authors: Collins, Lam, Stampfli

    Over the past 50 years, there has been an accretion of research on the topic of longevity risk and portfolio sustainability from scholars and practitioners in diverse fields.

    1. Actuaries are interested in the factors that determine the pricing of contracts that guarantee lifetime income.
    2. Financial economists ...

  • Accenture

    Understanding Expectations of Wealth Management in the Digital World (2015)

    In order to expand wealth management firms' understanding of how investors use digital tools to manage their finances, a survey of 1,200 individuals across 7 European markets was taken by Accenture. This paper, the first of three, examines how digital technology provides opportunities in investor-advisor relationships.

  • Oliver Wyman

    The Future of European Wealth Management: Imperatives for Success

    J.P. Morgan Asset Management and Oliver Wyman prepared this report. The European wealth management industry is seeing fundamental change occur like never before. This paper reports on twenty-six interviews with senior executives and CEOs affiliated with twenty-three wealth managers from across Europe, collating their findings with an online survey in which another 136 experts ...

  • Capgemini Consulting

    The Global State of Family Offices

    This paper examines the state of Family Offices around the world. It focuses specifically on the ways Family Offices must engage to favourably compete with traditional wealth management firms.

  • Nikko Asset Management

    Equities and Income in an Ageing World (Nikko AM, July 2017)

    In a world of falling bond yields and low inflation, the ‘Search for Income’ has become a popular phrase in capital markets over the last decade or so. This paper aims to look at some of the demand side factors which may be driving this appetite and what it might mean for investors over the long term. Demographics remain the great predictor of many of the social ...

  • KKR

    The Ultra High Net Worth Investor: Coming of Age (KKR, 2017)

    • 11 May 2017
    • Company: KKR

    The authors of this paper believe that in the current investment climate, Ultra High Net Worth investors (UHNWIs), particularly those with large sums of patient capital, are in an excellent position to leverage their skill sets to seek out differentiated opportunities across both public and private markets. However, such investors could face increasing return and volatility ...

  • Bloomberg

    The Future of Family Offices (Bloomberg, 2016)

    This 18-page paper by the Bloomberg Professional Service examines the future of family offices, their increasing proliferation especially in emerging markets, and the changing ways in which they operate.