Posts Tagged Private Banking

I’ve been following the summit that just began in Boston very closely because I’m interested in what signals are coming out of the private banking and wealth management community itself. The signals are surprisingly optimistic. The Swiss Private Banks have been vindicated, despite the UBS embarrassment, because the credit risk free “closely held model” works and international investors are becoming more interested in the access those Swiss Banks provide to international markets where the growth lies.  Perhaps investors are unloading yachts and use assets but their interest in investing has never been so keen.

Bankers are keen on selling them high fee hedge funds and structured products as well.  CR Capital recommends that our clients park assets in Swiss banks and utilize their excellent access to emerging market stock exchanges to build positions in individual shares, just avoid the same pitfalls of the old product lines.

Busy, Busy Little Bees

www.crinvestmentadvisors.com

Family Office

…which is that (as Reuters reports) Private banks (and advisors)  will have to give clients better and more detailed investment advice and tighten internal tax compliance rules, if they are to capture expected growth in global wealth.

“There is a sea change, a fundamental shift in the private banking industry, which revolves around transparency,” said Steve Crosby of PricewaterhouseCoopers in New York. “This includes access to information, understanding the location of assets, role and visibility of custodians and local agents.”

http://www.reuters.com/article/GlobalWealthManagement09/idUSTRE59156X20091005

www.crinvestmentadvisors.com

Offshore Private Banking

Rich clients, many of whom had paid little interest to the day-to-day fluctuations of their fortunes previously, are now demanding to know more about how their money is invested and how quickly they can liquidate investments if necessary.

All this requires wealth managers to spend more on research, knowledge and advice at a time when clients are shying away from complex products and looking to pay lower fees

This is quite literally the cornerstone of the role that CR Capital Advisors plays for our clients. We assure that you don’t get sold complex products, hedge funds and any other product that limits the transparency of the assets and the fees. We hold cash deposits and slowly cost average into individual hallmark emerging market shares. There is not a more transparent and cost efficient way to invest.