Video Highlights - Independent Wealth SG 2019 - Andrew Hendry

Andrew Hendry of Westoun Advisors

Apr 16, 2019

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1. What are the opportunities and challenges for the year ahead?

Video transcript

1. What are the opportunities and challenges for the year ahead?

It feels like there's a lot of challenges and few opportunities, but let me take the challenges first. They're easy. Fees. People are constantly trying to justify why they're charging fees and regulations are trying to be more transparent on that front. The second piece, in terms of the challenges, is you have talent. The desperate need for talent is becoming even more acute as our clients, family offices, or private banks become more pressured on the P&L side. And then finally, if you look at just the industry factor there, regulations, the complexity, are just making it overall more difficult. On the flip side, on the opportunity side, they're looking globally and Asia Pacific is a place where you have the greatest amount of net new money coming to the system. So compared to our European and US brethren, it's much more attractive.

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