UK private banks cut headcount significantly during 2014 02/07/2015 It is often assumed that cost inflation is an endemic feature of the UK wealth management sector. But this is not necessarily the case, at least according to the latest data released by ComPeer, a London-based research company that focuses on the sector.
Forget Greece - inflation is the long term concern, says Cazenove CIO 02/07/2015 While markets are focused on the fall-out – or otherwise – from Greece exiting the Eurozone, Richard Jeffrey believes that a greater long-term risk may be inflation. Cazenove’s chief investment officer suggests that inflation remains the one risk poorly factored into market prices, and yet with the Eurozone in recovery, some pick up in inflation is likely.
So where is the next Black Swan? 01/07/2015 The financial media, along with analysts and spokespeople employed by wealth and investment management firms have cranked up the volume of noise over the past week or so concerning the latest developments in the ongoing tragedy that is Greece (see, for example, thewealthnet 30/06/2015 and 29/06/2015). As is so often the case, however, noise, which typically has low or zero informational content can often obliterate genuine signals that have high information content.
Why the obsession with assets under management? 30/06/2015 Assets under management is the metric most often used to size both its individual components and the wealth management sector in aggregate. Indeed it sometimes seems given analysts and commentators obsession with this metric that the wealth management sector is concerned with little else.
2014: Not such an outstanding year for the UK wealth management sector after all 25/06/2015 A detailed breakdown of aggregated data usually tends to provide a much more nuanced picture than that initially suggested by the headline figures. And this is the case with the performance of the UK wealth management sector during 2014, at least according to the more detailed data released by ComPeer, a London-based research firm, as part of their annual review of the sector.
Beware of journalists bearing forecasts 24/06/2015 It often seems that the number of economic, financial and wealth management forecasts is increasing at an exponential rate, especially at this time of year. Rarely a day goes by without at least half a dozen analysts’, economists’ or media companies’ forecasts landing in the email inbox. June is an especially busy month. In addition to a plethora of investment outlooks for the second half of the year June normally marks the peak of the publication of global wealth reports, replete with forecasts about the future growth of the richerati and their assets.
Grexit and US interest rate hikes: What a yawn! 23/06/2015 Rumours that a deal is imminent between Greece and its creditors gave global stock markets a significant and welcome boost on 21 June and helped to recoup some of the losses sustained over the past month.
Coutts sticks to 'value and contrarian' approach, says CIO 23/06/2015 Coutts’ natural ‘value and contrarian’ investment approach has seen it delve into Russian bonds and equities in recent months, alongside long-dated peripheral European bonds. Chief investment officer Alan Higgins says this is partly a reflection of the group’s ongoing discomfort with conventional fixed income. He says that while US rates may not rise until later this year and UK rates until 2016, gilts and treasuries may come under pressure ahead of time.