In this lengthy and detailed survey of the private banking and wealth management business, David Maude offers a picture of the current condition of the industry and provides historical detail about how the very wealthy manage their affairs. His objective and balanced chapters examine the challenges confronting the business today, as client relationships change, and he offers a vision for the future. This book probably belongs on the shelf of those in the private banking and wealth management business, or those rich enough to need the advice. getAbstract recommends it to anyone with an interest in how other people’s money is managed.
In this summary, you will learn
- Why the wealth management and private banking business is changing;
- What high-net-worth clients want; and
- What the future holds for the industry.
About the Author
David Maude is an independent consultant and a former senior economist at the Bank of England and Her Majesty’s Treasury.