The Future of Private Wealth Management: The Next 20 Years (Video)
At the recent CFA Institute European Investment Conference, Scorpio Partners founder Sebastian Dovey gave delegates a vision of the future in a session titled “The Future of Private Wealth Management: The Next 20 Years.” The presentation showcased the new ways that firms market to private clients. It also focused on a skill that Dovey believes drives Scorpio’s success, which involves “understanding the mind of the millionaire.” Admitting that the private wealth industry does not often discuss the future, he stated that it is time for asset managers to focus on “what wealth is and what wealth needs.”
In the video above, Dovey also covers:
- The evolution of the client, including the effects of cross-cultural influences on clients.
- Competitive forces at work in the private wealth management space.
- Competencies needed for wealth managers to succeed with a global clientele.
Robert Stammers, CFA, also wrote a summary of Dovey’s presentation.
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