Jul 18, 2024 | Benchmarking, Research, Wealth Management
Existential Challenge to Retail Wealth Management in Financial Institutions Referrals from client facing branch staff are the foundation of retail wealth management in banks and credit unions. Access to the institution’s customers/members has helped the...
May 29, 2024 | Advisors, Benchmarking, Wealth Management
Kudos to David Lincoln for responding to Peter Bielan’s charge to name the five metrics needed to manage wealth management in a financial institution during a recent BISA webinar. That is a challenging task, which is why the metrics we track in our benchmarking...
Jul 7, 2023 | Advisors, Financial Planning, Study Groups, Wealth Management
New data indicate that the wealthier people are, the more likely they are to consult with a professional advisor before making an investment decision. But they are less likely to turn to an advisor in a bank or credit union. These findings are among the insights...
Jun 30, 2023 | Study Groups, Wealth Management
Less than 3% of US Households have at least $3 million in financial assets, but those households own 40% of aggregate household financial assets. That was one of the insights served up by Larry Cohen, director of RFI Global’s MacroMonitor, at last week’s Kehrer Study...
Jun 21, 2023 | Banks, Industry Trends, Wealth Management
The banking crisis of early 2023 swept away 3 large banks, battered bank market valuations, and saw a flight of deposits from regional banks to the very largest institutions. To check on how this banking crisis was affecting the investment services business in...
Apr 7, 2023 | Wealth Management
What a difference a year makes. Last year at this time, the financial press was trumpeting how banks were going all-in on wealth management. American Banker Magazine last March: “Banks of all sizes are expanding their wealth management businesses, seeking to deepen...
