Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Investing

TRENDS IN THE WEALTH MANAGEMENT INDUSTRY: A GLOBAL RANGE, ONE SINGLE SERVICE
Finance Trends

Published : 11 years ago, on

Frank Martínez, Chief Executive Officer of Banco Alcalá

Finance Trends

Finance Trends

Over the last decade, Luxembourg has overtaken Ireland to become the great “booking centre” of Europe thanks to its attractive investment vehicles such as the famous Luxembourg SICAVs (variable capital investment) and SIFs (Special Investment Funds), as well as the technological advantages provided by the ATTF (Agence de Transfert de Technologie Financière) and a regulatory framework that favours investment via “family offices” and investment firms. However, this development has not been accompanied by greater knowledge of Luxembourg’s financial industry on the part of customers in Spain, partly due to the fact that those customers operating in this market have done so through decentralised management services.

This process has developed in parallel with a trend that can be observed in the wealth management industry: the appearance of a new customer profile that demands a global range of services while maintaining the access provided by the type of manager-customer relations offered by a local organisation.

This increasingly sophisticated customer profile expects firms to provide them with financial advice and carry out operations with their assets irrespective of the country they are in. In this respect, customers perceive and increasingly value the advantages offered by those institutions that can provide a structure adapted to their needs with a management team operating in a range of markets.

Given this growing demand for more sophisticated and bespoke services, medium-sized independent private banks must progressively and resolutely aim for global management with an extensive network of local and international professionals and suppliers. The resulting synergies that can arise between the different countries are considerable.

A global range of products and services, flexibility and speed in taking decisions and handling transactions can provide the differential required by this new global customer.

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post