The world of wealth management remains in flux, with regulatory and margin pressures, not to mention shifting client requirements, forcing firms to take a long, hard look at how they run their businesses.

The world of wealth management remains in flux, with regulatory and margin pressures, not to mention shifting client requirements, forcing firms to take a long, hard look at how they run their businesses. Compliance concerns are front of mind as watchdogs the world over continue to flex their muscles and the global clampdown has meant that some wealth management firms are now spending up to half of their net profits on complying with the rising burden of regulation. This at a time when the average cost/income ratio of the world’s wealth managers hovers at around 80 per cent...

To download the report, please click here.