All articles by John Schaffer
John Schaffer
The wealth management industry is dangerously behind in digital and CEOs know it
A report by PwC reveals that just a quarter of wealth managers offer digital channels beyond email, in contrast to 85% of High Net Worth Individuals (HNWIs) using 3 or more digital services in their day-to-day lives.
RBC Wealth Management-U.S. announces new CEO
RBC Wealth Management U.S. has announced the appointment of Michael Armstrong to serve as its chief executive officer.
The UKs wealthy baby-boomers: Still working and risk-hungry
As wealthy baby-boomers reach retirement age, they are faced with issues including upkeep of lifestyle and transfer of wealth to the next generation. Many private banking clients, however, continue to work and invest in risky portfolio allocations. John Schaffer explores the behaviours of private banks older clientele
FTSE 100 could fall by 10% on Brexit outcome: UBS Wealth Management
A vote to leave the European Union in June could see the FTSE 100 fall by over 10% in the next year and see sterling dollar fall to 1.25 and sterling euro fall to 1.20, according to UBS Wealth Management.
Boodle Hatfield boosts Middle East private wealth offering
UK headquartered law firm, Boodle Hatfield, has boosted its Middle East team with two appointments to launch a dedicated private office offering.
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RBC Wealth Management announces leadership changes in Asia
RBC announced that its Wealth Management Asia business is to be brought under the leadership of Stuart Rutledge, Head of Wealth Management International.
Five reasons why wealthy NRIs are investing back in India
The growth in popularity of investments in India amongst wealthy Non-Resident-Indians (NRIs) is creating increased opportunities for the wealth management industry in the country. A rise of interest in this client segment from domestic banks is creating a more competitive environment that helps cater to the varying demands of the NRI population. John Schaffer delves into the latest WealthInsight report to find out more
UBS considers negative interest rates for ultra rich clients
UBS may pass on negative interest rates to its very wealthy clients, increasing the cost of cash deposits.
All eyes on Canada
A gold standard reputation, socioeconomic stability and liberal immigration policy are attracting a significant amount of international wealth into Canada. The country is also experiencing a boom in its domestic wealthy numbers, giving private banks ample opportunities to prosper. John Schaffer identifies the big trends dominating the wealth management market in the region and examines why Canada is the new wealth haven to watch
New Zealand under pressure from Panama Papers allegations
The Panama Papers saga has pinpointed New Zealand as a hub for secretive use of shelf companies, with much of the hidden wealth being derived from wealthy Latin Americans.