There is a greater amount of wealth currently held in cash than is held in Australian shares. Cash holdings have never been at a higher level, and this poses a unique set of challenges to those organisations whose job it is to advise high-net-worth and ultra-high-net-worth clients on how to protect and increase their wealth.
Cash is not – and has never been – a foundation on which to build long-term wealth. Unlike other cash build-ups, this is not cash being stored as an investment; it is cash being stored as cash – a buffer against volatility, and an indicator of deep uncertainty. But when it goes, it is likely to go quickly, and wealth management firms that are not already prepared and having constructive conversations with clients about options and opportunities, or whose offerings are not broad enough to cover to clients’ needs when they want something other than cash-products, will miss out.
As things stand, most investors say they will move money from cash by themselves – and organisations that fail to capitalise on the move away form cash may spend years playing catch-up to better-prepared rivals.
The two-day Private Wealth Symposium features insights and commentary from the industry’s leading practitioners. It is an invaluable forum to interact with colleagues and peers to tackle the key issues facing the private wealth management sector today.
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Understanding the significant common challenges being faced by many of the private banking business models in this country." Elissa Crowther-Pal, Head of private wealth services, BT Financial Group |
Who should attend?
chief executives, managing directors, executive general managers, general managers, heads of state businesses, state directors, heads of research, heads of investment
For further information please contact:
Kirrah McClelland
Phone: +61-9221-1114
Email: kirrah.mcclelland@conexusfinancial.com.au