Introduction
This brief analyses the developing multi-manager trend and the implications
for European wealth managers. It assesses key drivers, the major advantages and
disadvantages of different multi-manager structures, competitive activity in
this area and the strategic options for wealth managers, including the future
opportunities and barriers to further development.
Scope of this report
- Squarely focused on the implications of multi-manager investment
structures from a wealth managers perspective
- Includes competitive examples and case studies of key initiatives by
wealth managers' in this area
- Covers both fund-of-fund and manager-of- manager structures with a primary
emphasis on the manager-of-manager approach.
- European in focus
Research and analysis highlights
The declines in asset valuations have created a substantial amount of
pressure to achieve a stronger and more consistent level of investment
performance. Increasingly demanding customers have also become more explicit in
highlighting their dissatisfaction with being tied to one investment manager
across a relatively narrow range of asset classes.
In reality if wealth managers maintain control over strategic asset
allocation (the major factor influencing investment performance) then they are
in fact the ones who will most determine the future value of clients'
investments. While they should not undermine the use of third party investment
managers this fact needs to be clear.
For those that ascribe to the fully integrated wealth management model that
covers all asset classes (and there are many advocates) then it is clear that to
some extent third parties will have to be included into wealth manager
offerings, but Datamonitor does not believe that the MoM route is by any means
the only one wealth managers can take
Key reasons to read this report
- Full analysis of the pros and cons of multi-manager structures allows
wealth managers to objectively assess their suitability to their business
- Outlines the emerging competitive landscape, allowing wealth managers to
identify their place and in the increasingly complex competitive picture
- Offers a future focused view of the strategic options for players adopting
a multi-manager approach and for those seeking longer term alternatives
Introduction
This brief analyses the developing multi-manager trend and the implications
for European wealth managers. It assesses key drivers, the major advantages and
disadvantages of different multi-manager structures, competitive activity in
this area and the strategic options for wealth managers, including the future
opportunities and barriers to further development.
Scope of this report
- Squarely focused on the implications of multi-manager investment
structures from a wealth managers perspective
- Includes competitive examples and case studies of key initiatives by
wealth managers' in this area
- Covers both fund-of-fund and manager-of- manager structures with a primary
emphasis on the manager-of-manager approach.
- European in focus
Research and analysis highlights
The declines in asset valuations have created a substantial amount of
pressure to achieve a stronger and more consistent level of investment
performance. Increasingly demanding customers have also become more explicit in
highlighting their dissatisfaction with being tied to one investment manager
across a relatively narrow range of asset classes.
In reality if wealth managers maintain control over strategic asset
allocation (the major factor influencing investment performance) then they are
in fact the ones who will most determine the future value of clients'
investments. While they should not undermine the use of third party investment
managers this fact needs to be clear.
For those that ascribe to the fully integrated wealth management model that
covers all asset classes (and there are many advocates) then it is clear that to
some extent third parties will have to be included into wealth manager
offerings, but Datamonitor does not believe that the MoM route is by any means
the only one wealth managers can take
Key reasons to read this report
- Full analysis of the pros and cons of multi-manager structures allows
wealth managers to objectively assess their suitability to their business
- Outlines the emerging competitive landscape, allowing wealth managers to
identify their place and in the increasingly complex competitive picture
- Offers a future focused view of the strategic options for players adopting
a multi-manager approach and for those seeking longer term alternatives
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