Philippines Wealth Management Forum 2019 - Highlights - Joshua Rotbart

Joshua Rotbart

Managing Partner

J. Rotbart & Co.

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  • 1. What are the challenges and opportunities for the industry?

    Challenges are the cost of compliance, turnover of employees, and the difficulties in finding good employees. Even we have difficulties finding good, reliable employees. And with margins that are going down in the private wealth industry and generally in the gold industry – especially the physical gold industry. On the other hand, when you have banks and institution becomes big, there is more opportunity for the small boutiques that can treat clients in a more bespoke level rather than a one-size-fit-all.