Boudewijn Chalmers

I am happy to share a short perspective on current developments in the #assetmanagement industry. Asset managers should rethink their approach to drive profitable growth efficiently #growth #costtransformation @EY_WealthAM lnkd.in/dx9-uhFC

Five priorities for winning with #GenAI in wealth and asset management: The majority of firms actively investing, making plans and building teams. @EYnews: ey.com/en_lu/wealth-a… #WealthManagement #WealthTech

Nearly all wealth managers plan to adopt new technologies in 2024 driven by high ROI: Financial planning, portfolio management, customer relationship management (CRM), and client communication tools have consistently been perceived as delivering the best ROI. @Fintech_Global. #WealthTech #WealthManagement

How #AI dominated the #wealthtech conversation in 2023: While the ability for AI to reshape #WealthManagement is still a 'what if' for some, many advisors are already putting the technology to work in practical ways. @finplan. financial-planning.com/list/10-storie…

🇦🇺Poor financial literacy in #Australia: #FinancialLiteracy weakened in recent times, with a number of reports highlighting the challenges managing rising household costs, retirement and general ‘financial wellness’. @BankingDay: bankingday.com/poor-financial… #WealthManagement

@TheRudinGroup @psb_dc @efipm @SpirosMargaris @craigiskowitz @BouChalmers @FinRishi @andi_staub @NeiraOsci @cgledhill Spot on, April! Wealth services will be highly automated and AI-assisted to a large extent. Those investors who prefer human advice and guidance will be served better than today. Independent from product distribution which is still dominating today.

What’s the median personal #wealth per adult around #Europe? The personal wealth of the average European adult in USD includes both financial and non-financial wealth, the latter mostly consists of land and real estate. @Landgeist: landgeist.com/2023/11/25/med… #WealthManagement

Roboadvisor #Wealthfront announces $50 Billion assets milestone: UBS-owned @Wealthfront serves >700,000 clients, largely young professionals across the United States. @FintechCH. #WealthTech #investing fintechnews.ch/roboadvisor_on…

Are #RoboAdvisors still the answer to costly advice or a dying breed? By removing the human advisor component, robos promised to revolutionise the industry by making long-term #investing and financial planning cheaper and more accessible to the masses. Now, there are signs the robo-advice industry might be losing steam. @Nasdaq: nasdaq.com/articles/are-r… #WealthTech #WealthManagement

#Wealth managers scramble to better serve global families: Ultra-#wealthy families with cross-border needs present a huge opportunity to wealth managers and firms are reshaping themselves to better serve this booming segment. @YuriBender, @FT_PWM: pwmnet.com/wealth-manager… #familyoffice #UHNWI #WealthManagement #PrivateBanking

How the ultra-#wealthy invest: Where UHNWIs invest their fortunes, based on a global survey of over 500 #wealth managers, family offices, and private bankers that oversee a combined $2.5 trillion in assets. @KnightFrank via @VisualCap: visualcapitalist.com/visualizing-th… #WealthManagement

How can #FamilyOffices leverage #ArtificialIntelligence? AI wealth management models can be trained on historical financial #data, market trends, other relevant factors and applied to the following tasks: 1. Investment analysis; 2. Portfolio allocation optimisation; 3. Risk management; 4. Alternative Data Analysis. Each FO must be intentional about its #AI adoption formula, governance procedures, and long-term roadmap. @CFAinstitute: blogs.cfainstitute.org/investor/2023/… #UHNWI #WealthManagement

Hyper-personalisation is changing the #banking experience: The banking industry is transitioning from traditional segmentation and micro-segmentation to hyper-personalisation with the help of artificial intelligence and #data strategies to deliver tailored experiences and make stronger connections with customers. @TheAsianBanker: theasianbanker.com/updates-and-ar… #DigitalBanking #CustomerExperience

#Wealth managers unsure whether their software measures clients' #risk: Only one in four (25%) European wealth managers would strongly recommend the tools or software they use to assess the suitable risk level of clients. 🆕Study by behavioural finance experts @OxfordRiskLtd via Amanda @Cheesley3, @WealthBriefing: wealthbriefing.com/html/article.p… #WealthManagement #WealthTech

The Essential Role Of Financial Advisors In Wealth Management #wealthmanagement #advice #trust medium.datadriveninvestor.com/the-essential-…

@UrsBolt @TheRudinGroup @efipm @FinRishi @finanzprodukt @psb_dc @craigiskowitz @NeiraOsci @SpirosMargaris @DanielDiemers Interesting one @UrsBolt

Small #banks generally most successful in #Switzerland's #wealth management market: 69 of 245🇨🇭#banks jointly define Swiss #WealthManagement market: • 2 Large Banks (CHF 5.9t AuM, CHF 190b NNM, 121k FTE) • 4 Cantonal Banks (CHF 0.5t AuM, CHF 36b NNM, 9k FTE) • 19 Private Banks (CHF 2.6t AuM, CHF 116b NNM, 30k FTE) • 44 Boutiques (CHF 0.2t AuM, CHF 12b NNM, 4k FTE) 🆕Study by @ZHAW via @finews_ch: digitalcollection.zhaw.ch/handle/11475/2…

Key factors enabling fintech growth: #Fintech activity is closely related to a country’s economic and institutional development. 🆕Paper by @WorldBank via @FintechSIN: fintechnews.sg/77947/fintech/… #DigitalBanking #banking #WealthTech #regulation

The $100trn battle for the world’s wealthiest people: The two financial giants #MorganStanley and #UBS look likely to crush the competition. In differing ways, both are seeking even greater scale. @TheEconomist: economist.com/finance-and-ec… #wealth #WealthManagement

Where the world’s ultra-wealthy reside: The number of people with an ultra high net worth in 2022, by region. @AltrataOfficial via @StatistaCharts: statista.com/chart/30792/nu… #UHNWI #WealthManagement

Global #wealth declines for first time since global financial crisis of 2008 – Wealth increases recorded for Russia, Mexico, India and Brazil. 🆕Global Wealth Report 2023 by @UBS (& @CreditSuisse): ubs.com/global/en/fami… #WealthManagement #PrivateBanking