Thanks to falling asset values and trading volumes, clients expect more from their wealth manager. Governments and regulators are also placing increased pressure on the wealth management sector. The industry has reached a historic crossroads.
Fortunately, the current environment offers opportunities for those with the agility and ability to adapt their strategies, people and process to address market gaps.
With contributions from 238 wealth managers across 40 countries, the PricewaterhouseCoopers Global Private Banking and Wealth Management Survey 2009 reveals the key issues facing the wealth management industry. Read the survey to find out the three underlying themes PwC believes that will define the industry: