Wealth Managers Face Complex Choices to Provide Strong Returns

Wealth management is getting a wake-up call.

The beginning of 2018 — for all the hope and cheer a new year usually brings — served up a rude awakening for investors, wealth managers and risk-minded high net-worth individuals.

The happy memory of 2017 and its strong stock performance are now a fading memory — and a quickly fading one at that.

The bolder among the world’s wealth managers played the crypto card early enough to ride the late-year elevator as bitcoin rose to $20k heights — but that has since been quickly erased, with devastating effect to some.

On a larger scale, wealth management in general is up against it with the traditionally strong Swiss private bank industry feeling a great deal of heat these days. In a mobile, digital world with new rules and new perspectives, not many traditional players are set to keep on growing as they have up until now.
What’s to be done?
Perhaps nothing — if the most pessimistic prognose are to be believed. As interest in cryptocurrencies grow — even amid whiplash-like volatility — and the digital era creates new and more demanding expectations, some even say banking as we know it could cease to exist.

Others are perhaps not quite so apoplectic, but also see diminishing returns from the usual model and methods.

And yet — despite growing concerns for wealth managers — there is hope.

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