Posts Tagged ‘wealth’

Wealth Managers Day Of Reckoning

Friday, July 28th, 2017

 

The need for financial advice is at unprecedented levels, what is being increasingly exposed is the “competency and passion deficit” in many private wealth advisory firms. With greater complexity and ambiguity in their private clients’ lives, there is an increasingly unmet need for both increased “speed” (real-time decision-making) and higher “quality” (better performance, lower cost) resources. You cannot achieve that without new thinking, abandoning irrelevant activities and new approaches to regulation and compliance. A great many market practitioners question the sustainability of the robo-adviser retail advice model (Betterment, Wealthify and others) on account of their client acquisition costs but what is undeniable is that without old thinking and systems, they have a huge advantage for those seeking low-cost advice. For small and mid-market firms, who pride themselves on traditional advisory propositions, I confidently predict the next 12 months in N. America and Europe will see record consolidation and exits. The real question for the owners of these businesses, is the shortest route to your “ideal future” a friendly merger or sale now or driving on further into even more hazardous conditions with close to zero visibility?

© James Berkeley 2017.

 

Interview With Me: cnbc.com

Tuesday, July 5th, 2016

In an interview with CNBC’s online platform, James shines a light on the challenge today for high-growth small businesses seeking to ascend to the next level and successfully transition ownership. Essential insight for entrepreneurs, HNW investors and Family Offices with direct investments in illiquid investments.

How To Sell Your Small Business

http://www.cnbc.com/2016/07/05/how-to-sell-your-small-business.html

Londontastic

Friday, June 3rd, 2016

Spotted in London’s Harley Street, a gold plated mobility scooter with diamant√© headrest! The streets may not be paved with gold but the growth of medical tourism most certainly is.

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