Private wealth model faces major challenges

Andrew Starke


May 8, 2012

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.

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