In Focus
Delivering on the Client Promise: Global Wealth 2009
The wealth management industry is well placed to take advantage of the crisis and the eventual upturn. The industry’s reputation may have been scarred, but its services remain vital. And even though client relationships are somewhat tenuous and profitability and revenue margins are suffering from the decline and reallocation of wealth, assets will continue to flow largely within (not out of) this sector. Well-prepared wealth managers will emerge from the crisis in a much stronger position, primed for sustained growth.
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Recent Publications
Conquering the Crisis: Global Asset Management 2009
The asset management industry has been at the core of the global financial crisis. Declining financial markets and a lack of transparency regarding the risks of certain products have prompted some investors to question the judgment of the people who manage their money. This report provides a detailed analysis of the dilemmas that asset managers currently face, and offers concrete solutions to help them weather the crisis and emerge well-positioned for the future.
» Read an excerpt (PDF) or request a full copy.
Collateral Damage Part 6: Underestimating the Crisis
The sixth paper in the Collateral Damage series considers actions taken by companies around the world in light of the unfolding economic crisis, as reported in a new BCG survey of more than 400 major companies based in seven developed countries.
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Financial Institutions
A new competitive landscape is emerging in Financial Institutions. Deregulation and the globalization of finance are inaugurating industry-wide consolidation as companies merge to gain economies of scale, eliminate excess capacity, and cut costs.
At the same time, the industry's traditional integrated value chain is breaking apart, giving rise to a new generation of players that are attacking established companies at key points in the value chain. Moreover, unprecedented new developments associated with the Internet and electronic commerce are posing fundamental strategic challenges to traditional business models.
BCG's Financial Institutions practice helps clients in the industry find their way in this new competitive landscape.
By focusing on underlying customer needs and the fundamental economics of the business, we help private banks, retail banks, brokerages, and other financial services companies rethink their strategic assumptions and identify winning business propositions. We also help them organize in order to exploit new opportunities and move quickly to get things done.
