Bringing you live news and features since 2006 

Man with binnoculars

Regulations and client expectations change status quo in wealth management, says PwC


The status quo in the private banking and wealth management industry is changing as the focus shifts to client service and value delivery, according to a new PwC report published today, which includes PwC’s 2011 Global Private Banking and Wealth Management Survey.


According to the report, Anticipating a New Age in Wealth Management, new competitors are challenging the dominance of established firms, and the impact of new regulations and more demanding client expectations is forcing private banks and wealth managers to change the way they operate. Those who can master change will be in a position to win increased market share and lead the industry, says PwC.

PwC’s 2011 Global Private Banking and Wealth Management Survey includes responses  from a record 275 institutions in 67 countries, the largest survey since PwC began publishing the biennial report in 1993.  It found that wealth management continues to be a lucrative business with untapped potential for significant growth if institutions can be agile in adapting to changing demands. According to the report: today’s wealthy clients are cautious, smart, less loyal and expect a higher level of service and clearer value. Regulation has become the not-so-invisible hand, increasing the cost of operations, while greater operational efficiency and effectiveness are required, not just to compete … but to survive. Standing still is also no longer an option, and institutions must now quickly adapt or face being left behind.

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by