In its annual Adviser Sentiment Summer Survey 2016, Panacea gathered views from over 60 advisers on some of the biggest issues currently impacting the financial advice sector including the recent Brexit vote, which 42% of advisers believe could prove dama
N. Balakrishnan says the rising might of Eastern rivals and their own eroded reputations indicate that Western lenders, often guilty of bad choices, may become just a historical footnote within a generation
This downbeat sentiment is fuelled by analysts, economists, politicians and media commentators who are all contradicting each other.
“..Built into the speculative episode is the euphoria, the mass escape from reality, that excludes any serious contemplation of the true nature of what is taking place.
Boston Consulting Group’s Global Wealth 2016 report, which was based on a survey of 130 women wealth managers, says women held an estimated 30% of global private wealth last year and expects the number to grow strongly in the next five years.
The demand is especially intense in Japan, Germany and Switzerland, where the yields on 10-year debt are all in negative territory.
The Southern province of Guangdong overtook Beijing for the first time as home to the biggest number of wealthy individuals, with 240,000 who have 10 million yuan or more, a growth rate of 17.65 percent.