Asset & Wealth Management 
The Wealth Management and Private Banking industry has been severely affected by the current turmoil in financial markets. Margins are under pressure due to depressed asset prices that reflect poorly on portfolio performance measurement. Clients are shifting money to safer but lower profit products like fixed income. Bankruptcies and liquidation of assets to cover other positions have reduced assets under management (AUM). Client attrition rates are high and the clients that remain are demanding more services and transparency at lesser fees. Scandals like Madoff’s Ponzi scheme have resulted in a systemic loss of trust in the industry and are cited as a big reason for attrition among HNWIs.
To regain their position of pre-eminence, wealth management firms must increase transparency. They need to empower their advisors and relationship managers with systems and applications that can provide on-demand asset views, trigger-based communication to clients in crisis situations, client suitability assessments for products, and monitoring tools for asset allocation and risk management.
With more than 300 consultants in our wealth management practice, and over seven years of experience working with the largest private banks in the world, Headstrong is uniquely positioned as a partner of choice in tackling many of the above challenges. Our wealth management offerings can be broadly classified into three categories:
- Consulting and Assessment services
- Component-based solutions
- Managed services
Case Studies