July 2018
Beginner
336 pages
11h 58m
English
Content preview from The WEALTHTECH Book
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Challenges of Digitizing Wealth Management Advisory
By Jasper Humphrey
Ex-Head Technology, Systems, Modules, swissQuant Group AG
It is not simple being a wealth manager in 2018. Regulatory overheads, pressure on margins, the implicit complexity of keeping up to date with the latest technology while still needing to run complex change programs, all add to the headaches of the modern bank executive.
Here, I present some techniques that we have used to help banks to diagnose and treat the migraine. A modern wealth advisory process is commonly broken down into logical stages:
- Understanding the client’s situation. Here the advisor performs a process to measure the risk tolerance of the client (how much risk the client prefers to take) and the risk capacity of the client (how much risk the client’s circumstances allow them to take).
- Defining a suitable investment strategy. The advisor may recommend that the client’s wealth tracks a portfolio with certain risk or reward characteristics, or follows a certain structured product strategy.
- Recommending suitable investments. The client is presented with a portfolio that meets the investment strategy.
- Controlling and monitoring the client’s wealth portfolio. The advisor shall periodically monitor the wealth portfolio to ensure that it continues to meet the investment strategy and the client’s situation.
Regulations such as MiFID 2 (the Markets in Financial Instruments Directive) are designed to ensure that the wealth manager proves that ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.