In recent years, the landscape of investment vehicles available to retail investors has evolved, drawing attention to both long-term asset funds (LTAFs) and investment trusts. While LTAFs, officially launched in 2021, have gained traction, investment trusts remain a vital option, dating back
In today's rapidly evolving financial landscape, wealth management firms are compelled to rethink their strategies and embrace innovation. Osaic Inc., a prominent leader in wealth management solutions, recently unveiled its forward-looking vision at the NXT 2025 event in Las Vegas. This annual
The wealth management industry faces a considerable challenge due to an anticipated talent shortfall, with firms actively seeking solutions to address this issue. As the industry grapples with changes, consulting firms have predicted a looming deficit in the advisor workforce. McKinsey's prognoses
In the current landscape of wealth management in Asia, private banks face mounting challenges as they strive to address the intricate needs of ultra-high-net-worth (UHNW) families. These affluent families, whose wealth often spans multiple generations and countries, demand bespoke solutions ranging
In an era marked by increasing regulatory scrutiny and operational challenges, the banking sector continues to pivot towards robust risk management. This focus is exemplified by the recent transition of Brian Goldman from Comerica Bank to a similar role at USAA. Such moves highlight the ongoing
The wealth management sector is at a pivotal moment, grappling with issues stemming from a projected financial advisor shortfall. McKinsey & Company's forecast of a deficit reaching 100,000 advisors by the year 2034 raises significant questions about the industry's preparedness for such disruption.
