As the wealth management landscape has evolved, we continue to see firms face three main challenges: (1) enhancing investment returns in a low return environment, (2) containing costs with increasing regulatory pressures and (3) managing in a volatile investment market. Expectations of slow growth and changing monetary policy will most likely lead to higher volatility, and, as such, firms will need to revisit their investment and risk management strategies. Indeed, thus far into 2016, equity market volatility has increased on uncertainty around global growth, commodity volatility and central bank policy. Mercer has identified key priorities for consideration in the year ahead, which seek to help wealth management firms focus on the areas we believe will likely be most impacted.
At the beginning of the year, it is desirable to assess one’s strategies, policies and practices. We’ll be addressing a variety of important issues that we believe will help wealth management firms stand out in an increasingly competitive environment.
Wealth management professionals, CIOs and wealth management platform providers.
David A. Hyman, CFA, US Wealth Management Segment Leader
Michael Curtin, Senior Consultant, Wealth Management, Europe