Private wealth model faces major challenges

8 May 2012 17:27

A senior private wealth figure has questioned the industry’s ability to service clients in a sustainable way and claims private wealth management now stands at a crossroads.

Paul Heath, CEO of JB Were, was speaking on new remuneration models for wealth managers at a Private Wealth Symposium hosted by Professional Planner at Lilianfels in the Blue Mountains.

To watch a short interview with Heath, click on the clip below.

Earlier Christian Roland, associate principal of McKinsey & Company, who presented the results of a study on global private banking, opened the event.

These themes included an analysis of new advisory models.

To watch a short interview with Roland, click on the clip below.

JB Were, new, private, private wealth management, short, wealth

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The financial adviser code of ethics requires advisers to uphold and promote professional ethical standards and hold each other accountable for protecting the public interest. This can be harder for advisers working in isolation or with restricted peer contact, and limited insight into how others operate.

Simon Hoyle

October 27, 2026