Describe a recent development in the wealth management industry. What implications might this development have for Barclays Wealth?
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What is a recent development in the wealth management industry and how might it affect Barclays Wealth?
#1 by David on July 2nd, 2010
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I think obviously with the economy being the way it is and rates being low–investments are not making the returns they historically have seen. The implications would be positive for wealth management firms as they will make more consulting revenue in down economies and more commission revenue in up economies.
#2 by Ed Atun on July 2nd, 2010
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The most recent development is the removal of the illusion that a Triple A Rating on a bond or investment means that the investment is safe.
Barclay’s can no longer throw up their hands and say “We relied on the bond rating” when choosing an investment for our clients.