Trends in advisory services on the Swiss wealth management sector

The wealth management sector is one of the most important industries for Switzerland, with over 27.5% of the off-shore global wealth allocation managed under its territory. Exploring future trends of this sector is fundamental in order to better understand the upcoming changes and be prepared for them.

Victor Pinheiro Costa, 2019

Bachelor Thesis, Institut für Finanzmanagement, Hochschule für Wirtschaft FHNW
Betreuende Dozierende: Frank Graef
Keywords: Wealth Management, Private Wealth, Private Banking, Advisory, Finance, Investments
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The Swiss wealth management sector presents very traditional ways of handling its daily business. Although this traditionality brings many good aspects for the industry, it can also be a barrier for the adoption of changes and disruptive trends. For this reason, knowing where to focus their innovative efforts became crucial to the financial institutions, and a deep understanding of the clients and the new trends on this sector appeared to be fundamental. Therefore, this work has focused on finding how the financial institutions can better react to trends such as digitalization, price sensitivity and market transparency, offering the best services to each different clients’ needs.
In terms of methodology, two different research parts were defined. The first one based its data gathering on information provided by a partner private bank, which the name cannot be disclosed. In this phase, a focus group was assembled, and four co-workers dedicated many hours in finding out which were the main existing clients’ segments and how was the fee application process to those different segments. The second one focused on conducting interviews with market specialists, aiming to map any other trends in the Swiss wealth management sector, as well as to confirm the previously gathered information during the focus group stage.
The main results of this research can also be divided into two categories. The first findings were that having a clear client segmentation is important not only to organisation matters, but something that is fundamental in order to be able to adequate the best sales speech to each different client need. Having a deeper segmentation of customers can bring long-lasting results to the analysed companies in this market. The second findings relate to the main trends that were mapped on the Swiss wealth management sector. Topics such as digitalisation, the application of fees, transparency, demand for new investments and many others were deeply discussed during these interviews. As a result, a clearer idea of where this sector is heading towards was formulated.
Studiengang: Business Administration International Management (Bachelor)
Fachbereich der Arbeit: Accounting, Banking, Controlling and Finance
Vertraulichkeit: vertraulich
Art der Arbeit
Bachelor Thesis
Institut für Finanzmanagement, Hochschule für Wirtschaft FHNW, Basel
Autorinnen und Autoren
Victor Pinheiro Costa
Betreuende Dozierende
Frank Graef
Sprache der Arbeit
Business Administration International Management (Bachelor)
Standort Studiengang
Wealth Management, Private Wealth, Private Banking, Advisory, Finance, Investments