Research and Markets: Wealth Management in the UK 2009
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DUBLIN--(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/6d9466/wealth_management) has announced the addition of the "Wealth Management in the UK 2009" report to their offering. The country's serious economic issues are having a major effect on the UK's onshore wealthy population, potentially causing them to lose faith in their wealth managers. To keep clients, wealth managers need to know what this lucrative customer wants from them, in terms of products, services and interaction. Scope * HNW demographic and attitudinal attributes based on our Wealth Management Market Leaders Survey 2009 * Extensive primary research from 20 wealth management companies highlights their strategies for revenue growth, acquiring and keeping clients * In depth assessment of how RBSs UK wealth management operations are currently perceived, following the spate of bad news from the RBS group Highlights of this title UK HNWs are displaying typically defensive behavior in the face of the economic instability, and have lifted their proportion of assets held in cash and near cash from 15% in 2008 to 28% in 2009. Within the ranks of the HNWs there are, however, a significant number looking to position for the recovery. British wealth managers see increased face to face contact as key to increasing share of wallet; ironically they are currently among the worst in Europe at keeping in touch with clients, and this is something that they must address. The dramatic fall of the RBS group has damaged its collection of prized private banking operations in the UK. RBS needs to focus on strengthening the client-banker relationship at the current time. Meanwhile, RBSs competitors should be using this opportunity to plunder RBSs treasures: its clients and relationship managers. Key reasons to purchase this title * Understand the HNW populations investments by sector and geography, appetite for risk, and reasons for choosing/leaving their wealth service * Assess the threats and opportunities for wealth managers by understanding how peers are planning to grow revenues, acquire and keep clients * Gain an understanding of the strengths and weaknesses of RBSs UK wealth management operations, as well as the associated opportunities and threats Key Topics Covered: * Overview * Catalyst * Summary * Methodology * Executive Summary * RBSs wealth management service appears to be ripe for plundering * After many years of prosperity, Britons have fallen on hard times * HNWs are mostly defensive, but there are important differences in their attitudes that wealth managers need to cater for * Wealth managers need to consider the overlooked area of advisory services and step up the frequency of their client contact * Table of tables * Bibliography * Definitions * Western Europe * Further reading * Ask the analyst * Datamonitor consulting * Disclaimer * List of Tables * List of Figures For more information visit http://www.researchandmarkets.com/research/6d9466/wealth_management Source: Datamonitor Laura Wood Senior Manager press@researchandmarkets.com Fax from USA: 646-607-1907 Fax from rest of the world: +353-1-481-1716 Copyright Business Wire 2009
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