A great opportunity for you to share best practices, network and meet peers, learn new thinking and explore the latest trends from our inspiring and insightful speakers.
An opportunity to discuss challenges facing both for you, your business and the industry. With a view to driving change.
The event is specifically for senior management, product / fund gatekeepers and relationship managers - working at local and international Private Banks, Retail Banks, IFAs, Insurance Companies, Single and Multi-Family Offices, and other Independent Wealth Management Firms.
- 9.05am - Challenges and Opportunities
- 10.15am - Tweaking the investment engine
- 12.15pm - "Young investors" - Investing with Purpose?
- 3.30pm - Shifting the Dial – how do investors (Family Offices, UNNW, Private Clients) recalibrate their portfolio for the year ahead?
A world of opportunity in an ever-changing world.
The Hubbis Investment Solutions Forum 2019 will be hosted on Thursday 19th September 2019, W Hotel – Hong Kong
Wealth management practitioners will benefit from the unique expertise of more than 30 local and international speakers, giving their views on everything from investment strategies and ideas to the digitization of platforms and investor interface.
2019 has been a challenging and volatile year. It’s probably fair to say the next 12-months will be even more challenging. Experts will give their views on the best way to position client portfolios and manage expectations in preparation for the various issues that lie ahead.
We will discuss re-engineering the platform to ensure it is fit for purpose in the new world of wealth management. Wealth management has a different dynamic today compared with 10 years ago. Core objectives remain the same, while technological advancements threaten to leave the less savvy wealth service providers in the dust. The industry needs to be focus on improving the presentation of all their asset classes on one easy digital investment platform and diversifying their clients' portfolios to better weather the volatile markets ahead.
We will discuss the benefits of discretionary portfolio management (DPM), which many see as a holy grail that will provide recurring, stable fees, as opposed to one-off payments for selling products such as shares, bonds, funds and structured products. Active management strategies might pay greater dividends than in recent years when a rising tide of optimism and liquidity floated all markets.
Whats the value of DPM, or providing managed accounts, as wealth management firms in Asia.
try to emulate the transition towards advisory fees that is ongoing in Europe. Although it is not in the nature of the Asian high net worth individual (HNWI) to hand over important decision-making to others, we might have entered a new era of volatility and more range-bound markets, in which environment investors might reconsider their appetite for passing over control of some of their assets by outsourcing this to experts. Focusing more deeply on client needs and relationships is one benefit of outsourcing, as wealth management firms require a deeper level of understanding in order to fulfil specific mandates.
Winning the hearts and minds of "Young investors" – will be key to your long-term success. But are you too old to deal with them – and has your bank got any ideas around finding tangible, innovative ideas to get them engaged? Intergenerational wealth preservation is now easy – it requires holistic planning, targeted education and an acute focus on the customer experience.
There are many facets to the efforts of wealth managers to improve the performance, and satisfaction, of their HNWI clients. We could be facing a major upheaval in the mainstream asset markets in the
foreseeable future as quantitative easing potentially ends, as rates rise and also potentially as trade wars or actual wars emerge. The investment 'herd' mentality should be replaced by greater selectivity.
Looking forward, new asset classes, new managers diversification are going to increase in importance.
Technology is going to radically change everything, and some fear it could also be the downfall of traditional banks and financial institutions. Keeping relevant and up to date, as well as moving away from product-centric approaches towards the customer will help those in the wealth management industry survive and prosper.
More challenging investment markets ahead
The first quarter of the year started pretty well after a very dismal fourth quarter of 2018. The losses of Q4 2018 have largely been re-corrected in the first quarter of 2019 with financial gains across almost all financial assets. In June the economic situation in Europe and the U.S. and China didn’t appear that bad. Earnings had held up relatively well.
More risk ahead?
If indeed Brexit is going to be disorderly with no deal, that has not fully been priced in and that will cause a lot of volatility and a lot of downward pressure on European and UK equity markets. and probably broader than that.
Similarly, the trade deal between the U.S. and China, if its further delayed or cancelled altogether, that will really rattle global markets, so those are still risks that have not been formally resolved. All of a sudden, the markets have priced in rate cuts instead of rate hikes. Now, whilst they might be more accommodative in opposing hiking, we're not sure that they're actually going to cut or be more accommodative, so that could be a too optimistic view going forward.
Last but not least, the U.S. yield curve has actually inverted now for the past three months or so, and in the past 55 years every single time that happened a recession followed. There are all kinds of other signals that are not yet saying a recession is due, but obviously we shouldn't ignore it. In that sense, it's an environment where we need to be much more prudent, much more selective, a little bit more risk-off, a bit of profit taking, and very picky when it comes to risky assets.