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Article: News & research: Market monitor - Time to freshen things up a little.
- Article from:
- Professional Wealth Management
- Article date:
- November 1, 2009
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Yuri Bender - Editor-in-chief
The recently concluded evaluation process for PWM's Global Private Banking Awards proved a fascinating exercise. It was a pleasure for me to work with a panel of expert judges, all known for their intellectual rigour and operational knowledge of the wealth management industry across Europe, the Middle East and Asia.
One of the most striking factors was the similarity of the documents submitted by many leading wealth management groups to the panel. In terms of asset allocation, there remains a huge reliance on so-called 'modern' portfolio theory, even though much of this has been at least partially discredited by the ...