SFF Magazine APRIL 2022
Read and download the
The April 2022 issue of SFF Magazine is already out ! Click on the following link to read and/or download the PDF version.
Subscribe to the SFF Magazine
The first publication connecting professionals of the financial sector from Spain and Luxembourg
SFF Magazine APRIL 2022
Read and share the
Dossier Trends in Wealth Management
We are living through a time of rapid and global change. The COVID-19 crisis, the digital revolution and threats like climate change are transforming the way we live. Wealth Management is not immune to this context. It has had to understand and adapt to the new circumstances as quickly as possible, adopting new trends that will mark its evolution in the coming decades.
The global financial crisis of 2008 was a gamer changer and ushered in a new paradigm for the wealth management industry. Sound regulation, good corporate governance and transparency were the main fruits of this global financial crisis. Today, we are still dealing with the social and economic consequences of the COVID-19 pandemic. The extent of the adjustments that the crisis will force upon us is not yet clear, but it will certainly leave its mark.
Thus, there is an increased dependency on digital channels as a means of interacting with customers. Digital transformation, hybrid advice and the development of the Fintech sector have accelerated its development, improving client and advisor interfaces to ensure a better quality of experience. This development is closely linked to the priority that wealth management firms place on cybersecurity. As the collection of user data to support digitisation and hyper-personalised services increases, having a cybersecurity infrastructure is considered a must.
In addition, the wealth management industry is facing a generational shift across its client portfolio. This reality implies a continuous adaptation in the way it communicates with the youngest (Generation X, millennials, Generation Z…), whose interests and priorities differ substantially from those of previous generations.
In an environment of recurrent crises that shake the economy and purchasing power, is it possible to inherit with peace of mind? What role can banks play in facilitating the process? Beyond its social and symbolic value, inheritance can become a heavy task if it…
“We are moving away from products and towards services where the financial planning function is taking a central role in the client/banker relationship”
In recent years, the Wealth Management sector has had to face major challenges, not only financial but also regulatory, health, digital, etc... and the players who have adapted best during this time will be the winners.In an economic environment where uncertainty is the main protagonist,…
The integration of digitalisation in our lives has been exponentially increasing. This process is changing the way we deal with professional and personal matters, and it is revolutionising the way of investing. Blockchain and digital assets have proven to be powerful technological tools with countless uses…
With two-thirds of high net worth (HNW) individuals worldwide seeing sustainable investing as a very important aspect of their portfolios1, ESG (Environment, Social, Governance) is the investment related topic that has grown most in importance over the past few years. Financial services providers are rethinking…
“Screening of our clients and tax transparency is key to maintain a solid reputation and that it is why compliance and regulatory teams shall be trained and to fully understand the business”
Nowadays, the paradigm we use to rely on to invest our time and wealth are changing rapidly and traumatically for all actors in the financial market. Many changes are happening at the same time. We see a rising climate-change environmental concern, a sophisticated digitalization process and…