Wealth Management Supplement

IBS Journal | Wealth Management Supplement

Forget globalisation. The wealth management and private banking industry remains acutely fragmented both geographically and culturally. Each country and nation has its own customs and traditions, deeply entrenched and in many instances passed on from generation to generation. Indeed, when it comes to the rich tapestry of local practices and conventions, private banking is only surpassed by weddings and funerals.

IBS Journal | Wealth Management Supplement

As the appetite for 'rip and replace' core banking projects in the wealth management and private banking sector has been steadily waning, how do the core vendors in this space keep going? IBS brings under the spotlight examples of successful and not so successful ventures to keep the revenues flowing. 

IBS Journal | Wealth Management Supplement

Apart from the much talked-about IT issues wealth managers and private bankers face (such as outsourcing versus in-house, straight-through processing and data security, just to name a few) what are the newer and/or off-beat challenges the industry grapples with today? Brendan Clarke, manager, capital markets and wealth management at Capgemini, and a contributor to the 2012 World Wealth Report (produced by RBC Wealth Management and Capgemini), shares his view.

IBS Journal | Wealth Management Supplement

When looking at the trends and challenges of the industry, it can be said that wealth management is slightly behind the curve when it comes to technology and infrastructure – but it seems to be catching up. IBS investigates the fortunes of Signia Wealth and BCW Capital which have recently implemented new asset and wealth management systems.

IBS Journal | Wealth Management Supplement

What technology should banks be providing to wealth management customers and IFAs? While traditional private banking has been built around the personal touch, there is a role for online information and facilities on different devices for the wealth management sector as a whole.

IBS Journal | Wealth Management Supplement

Nutmeg is a start-up online investment manager based in London. According to its CEO, Nick Hungerford, this is a low-cost approach to gather assets that aims to 'set an example' in the investment field.

IBS Journal | Wealth Management Supplement

Long beset by manual processes, the funds sector has taken a number of steps forward in the last few years. Under pressure, there has been a new focus on cost efficiency and risk reduction. Nevertheless, there is still some way to go before all participants are fully automated and, in the meantime, this is an area for a lot of new regulation, on a local, regional and international level.

IBS Journal | Wealth Management Supplement

Coutts & Co, the prominent name in the private banking sector, has recently undergone a sweeping IT modernisation project. Stuart Newey, the bank's programme director, Wealth Management Platform Programme (WMPP), responsible for managing the transformation, shares details of this challenging journey.