Capgemini and RBC Wealth Management’s 16th Annual World Wealth Report Details New Industry Landscape, Big4.com Reports

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More flexibility to meet growth targets part of modernization of business models.

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Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC, finds a new report from Capgemini stating that with many wealth management firms seeing their costs rising faster than revenue growth in recent years, the ability to re-think business models will be essential to realizing profitable assets under management (AUM) growth while improving client-advisor relationships.

Big4.com reports that according to the 16th annual World Wealth Report, an inaugural collaboration between Capgemini and RBC Wealth Management, wealth management firms that integrate and leverage scalability in their existing business models will be best equipped to deal with the new industry landscape.

Big4.com also notes the World Wealth Report 2012 highlights how firms are facing challenges of rising client demands and advisor remunerations, compliance costs and a lack of operational scalability which increases expansion-related expenses. Big4.com notes that they are also facing pressure from an inability to generate significant fees in the current low interest rate environment as well as increased client demand for low-risk capital-preservation products.

Jean Lassignardie, Corporate Vice President, Capgemini Global Financial Services comments:
“To meet the needs of current and future HNW clients, firms will need to re-focus on core competencies and incorporate ways to embed scalability in their business models while also ensuring high client trust,”he said.

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  •     Kristy Short

Big4.com
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