英国における小規模資産管理企業の今後

Abstract

Overview

Introduction

This report will examine the business model of boutique wealth managers in the UK. It will assess how the business model has evolved since 2004-5, how boutiques are using technology, and profile some boutiques including newer players

Scope

• Discusses key issues relating to the challenges and opportunities facing boutique private banks in todays environment
• Explores current trends in the wealth management sector including technology trends and merger and acquisition activity
• Evaluates the current business model for boutiques and looks at future possibilities for development
• Provides detailed profiles of 14 boutique wealth managers across the globe including scale, services, and growth potential.

Report Highlights

Private banking has long been a preserve of the wealthy. As the financial services landscape has changed, however, so have the needs of these clients. In the past, small private banks have had advantages in their ability to service their customers, due to flexibility and their ability to provide personalized customer service, among other reasons.

however,while small banks have historically dominated the upper echelons of private banking, they have been losing ground in recent years as their traditional differentiating features have been assimilated and offered by larger competitors.

Despite growing numbers of potential clients for the wealth management industry, these clients are often demanding different services than the traditional boutique wealth managers might offer. However, there is the potential for boutique wealth managers to take the lead through offering a more integrated service.

Reasons to Purchase

• Understand the challenges facing boutique wealth managers in todays competitive environment
• Gain industry knowledge into the future possibilities for the wealth management sector, including opportunities for growth and development
• Obtain detailed profiles of a large number of independent and boutique wealth managers in Europe and the US which demonstrate potential for growth

Table of Contents

• Overview
  • Catalyst
  • Summary
• Executive Summary
  • Market Context
    • Small private banks have had historic advantages
    • These advantages are slipping away
    • There is a growing shift towards service focus within wealth management
    • The future for boutique private banks is hard to predict
  • Competitive Dynamics
    • The UK has a number of quality small and medium wealth management providers
    • Continental Europe is home to many boutique private banks
    • The USA has developed its boutique wealth management sector into a profitable industry
• Table of Contents
• Table of figures
• Table of tables
• MARKET CONTEXT
  • Small private banks have had historic advantages
    • Boutique banks provided a unique level of exclusivity
    • Smaller banks offer greater agility
    • Boutique banks pride themselves on personal relationships
  • These advantages are slipping away
    • Globalization makes international reach a necessity
    • The primary challenge facing boutique wealth managers is distribution
    • Society is becoming more egalitarian
  • There is a growing shift towards service focus within wealth management
    • Products are becoming commoditised
    • This is something smaller banks can take advantage of
    • Complexities of new wealth management demands
      • Technology is moving on, but banks must be careful how they attempt to differentiate themselves
  • The future for boutique private banks is hard to predict
    • Difficult to compete effectively against the larger players
    • Possibility of polarisation in the market
    • High level of recent merger activity
• COMPETITIVE DYNAMICS
  • The UK has a number of quality small and medium wealth management providers
    • Butterfield Private Bank
    • C Hoare & Co
    • Church House
    • Duncan Lawrie
  • Continental Europe is home to many boutique private banks
    • Insinger de Beaufort
    • Hugo Kahn
    • Syz & Co
    • Dominick Company
    • La Roche & Co
    • Rahn & Bodmer
    • Wegelin & Co
    • Berenberg Bank
  • The USA has developed its boutique wealth management sector into a profitable industry
    • Bessemer Trust
    • Glenmede Trust
• APPENDIX
  • Definitions
    • Private bank: what is considered to be a ' private bank' varies, from comprehensive banking service to core specialist
  • Methodology
  • Further reading
  • Ask the analyst
  • Datamonitor consulting
  • Disclaimer
  • List of Tables
    • Table 1: Bessemer Trust Client Base: Profile
    • Table 2: Bessemer Trust Assets: Profile
  • List of Figures
    • Bessemer Trust Client Base: Profile