The future of wealth advice? A Netflix-like platform
A Netflix-like environment that provides access to advice that is data-driven, personalized, continuous and preferrably subscription-based, is the future of wealth advice according to McKinsey.
UBS plans to wind down dedicated unit for the super-rich
Iqbal Khan, the new co-head of global wealth management at UBS, plans to break up the Swiss bank’s dedicated unit for the ultra wealthy. According to the Financial Times, this is part of an overhaul designed to increase higher-margin lending to some of the world’s biggest family offices.