Karen Barrett

Oct 14, 2024 | pwmnet.com | Matt Ryan |Ali Al-Enazi |Karen Barrett |Elliot Smither

Younger investors expect instant messaging, video coverage and membership of online communities, but wealth managers are struggling to adjust to these needs. We are used to seeing the word ‘millennial’ as shorthand for young people, or even teenagers, often alongside shopworn cliches about avocado toast and phone addiction. However, as of 2024 millennials can be as old as 43 – some are grandparents, business leaders or heads of state, and all have adult priorities.

Oct 10, 2024 | pwmnet.com | Ali Al-Enazi |Karen Barrett |Yuri Bender |Ali Alenazi

An evolving fragmented market, rich in entrepreneurs, has prompted BNP Paribas to focus on German growth, while HSBC continues to emphasise its Asian business strategies. BNP Paribas' acquisition of HSBC's private banking activities in Germany marks a significant shift of the tectonic plates in European wealth management. A German market of entrepreneurs and wealthy families, not traditionally well-served by domestic institutions, is now increasingly coming into play for cross-border firms.

Oct 3, 2024 | pwmnet.com | Karen Barrett |Christian Kent |Ian Woodhouse |Beat Wittmann

German bankers have much to learn from the collapse of Credit Suisse in neighbouring Switzerland, but politicians, up in arms about an expected UniCredit/Commerzbank deal, must also change their mindset. The political outcry in Berlin about Italy’s UniCredit increasing its stake in Germany’s Commerzbank is as telling as it is hypocritical.

Sep 23, 2024 | pwmnet.com | Karen Barrett |Yuri Bender |Ali Al-Enazi |Elliot Smither

The wealth management industry is looking for commitment from the new government, sadly lacking from the previous administration’s chaotic tenure. It’s been an exhausting ride for UK investment and wealth advisers in recent years. The Conservative government’s tenure brought a raft of ever-changing announcements, policies and personnel changes to tackle the threat of inflation and recession.

Sep 10, 2024 | ffnews.com | Lauren Hinton |Karen Barrett

A new YouGov study commissioned by Unbiased, the UK’s leading marketplace for finding financial advisers, reveals that a majority of UK adults feel unprepared for retirement. Amidst rising living costs and ongoing economic uncertainty, hesitation over long-term financial planning is leaving many unsure about their ability to save enough for the retirement they want.