http://www.myprivatebanking.com/MyPrivateBanking.com Articles60http://www.myprivatebanking.com/Article/Report-Social-Media-in-Banking-2012http://www.myprivatebanking.com/Article/Report-Social-Media-in-Banking-2012Tue, 17 Apr 2012 15:38:27 GMTOnly a select group of the world’s leading banks have finally grasped the opportunities of social media such as Facebook and Twitter. In our ranking of the world's top 50 banks Citibank comes out as winner with an outstanding 47 points out of a maximum of 50. Runners up are BBVA of Spain and the National Australia Bank (NAB) with 44 points each, followed by Crédit Agricole and Deutsche Bank with 43 points. A disappointing third of the benchmarked global banking players still only attain halfhttp://www.myprivatebanking.com/Article/2011-Mobile-Applications-Reporthttp://www.myprivatebanking.com/Article/2011-Mobile-Applications-ReportSun, 20 Nov 2011 09:20:57 GMTThe mobile applications of Deutsche Bank and the French bank Caisse d'Epargne come out as winners in a benchmarking of a total of almost 200 mobile apps, offered by the world´s top 50 banks. Scoring 40 points out of 60 with just a single app, Bank of China is the winner in the category of best standalone banking app. Surprisingly, only one US-based bank has made it into the Top10 ofhttp://www.myprivatebanking.com/Article/Mobile-Apps-Surveyhttp://www.myprivatebanking.com/Article/Mobile-Apps-SurveyMon, 19 Mar 2012 13:27:00 GMTOf the 10 most important features user expect of their banking mobile apps, for only three is provision by the banks adequate. This is a leading finding of a survey by MyPrivateBanking Research, in which we compared the features integrated into the mobile apps from world’s 50 top banks with the needs voiced by the users of banking apps. http://www.myprivatebanking.com/Article/Analysis-by-Steffen-Binder-Research-Directorhttp://www.myprivatebanking.com/Article/Analysis-by-Steffen-Binder-Research-DirectorMon, 09 Jan 2012 16:50:09 GMTIn his seminal work, ‘Competitive Strategy’, the world-renowned Prof. Michael Porter has identified five major forces that shape competition and success for the players in every industry. If you look at social media through the perspective of these five forces, the consequences they unleash for the competitive dynamic in the banking sector become very clear.http://www.myprivatebanking.com/Article/Interview-with-Carey-Wealth-Reporting-in-Zurichhttp://www.myprivatebanking.com/Article/Interview-with-Carey-Wealth-Reporting-in-ZurichMon, 09 Jan 2012 19:27:00 GMTWe had the opportunity to sit down with Patrick Bos and Kevin Halouska of Carey Wealth Reporting A.G. in Zurich. We talked about a broad range of issues related to wealth reporting since this is one of the topics that surfaces time and again, particularly when clients lose money or miss opportunities as a result of inefficient or incomplete (consolidated) reporting. Unfortunately consolidated reporting is still very often unclear and arcane.http://www.myprivatebanking.com/Article/New-MyPrivateBanking-Research-Reporthttp://www.myprivatebanking.com/Article/New-MyPrivateBanking-Research-ReportWed, 06 Apr 2011 10:33:13 GMTThe 2011 report on private banking websites by MyPrivatebanking Research finds that compared to the 2009 survey the overall quality of the websites has not improved: less than half of the banks have mastered the basic requirements for a private banking website andhttp://www.myprivatebanking.com/Article/Interview-with-Trevor-Pavitt-Passive-Investinghttp://www.myprivatebanking.com/Article/Interview-with-Trevor-Pavitt-Passive-InvestingTue, 15 Nov 2011 08:16:44 GMTTrevor Pavitt and Alex Arnbäck are co-founders of Passive Investing, a Geneva-based wealth adviser specializing in passive investment strategies. They have just published their new book "Heal Your Investments". In this interview ex-Private Banker Trevor Pavitt speaks about what motivated him and co-author Arnbäck to write a book that challenges the philosophies and strategies of the existing wealth management industryhttp://www.myprivatebanking.com/Article/What-Our-Members-Discussed-this-Summerhttp://www.myprivatebanking.com/Article/What-Our-Members-Discussed-this-SummerMon, 03 Oct 2011 10:06:43 GMTOver the course of the summer our group discussions were, not surprisingly, dominated by questions on how to deal with the crisis in the financial markets and, in particular, on how to protect assets from a possible melt-down in asset prices and currencies. http://www.myprivatebanking.com/Article/UK-Wealth-Analyst-Francis-Groves-on-the-UK-Ban-for-Kickbackshttp://www.myprivatebanking.com/Article/UK-Wealth-Analyst-Francis-Groves-on-the-UK-Ban-for-KickbacksMon, 03 Oct 2011 12:11:37 GMTThe UK’s Retail Distribution Review (RDR) has been a long time arriving. Zero hour for the end of commission-based advice to private individuals is roughly 15 months away; midnight on 31st December 2012, to be precise. RDR could usher in a golden age of advising investors without the baleful effects of investment fund kickbacks to advisers. However, in truth, the outlook is not as sunny as that.http://www.myprivatebanking.com/Article/Dealing-with-Fear-and-Panic-in-the-Marketshttp://www.myprivatebanking.com/Article/Dealing-with-Fear-and-Panic-in-the-MarketsTue, 13 Sep 2011 14:04:24 GMTSince 2008 markets have seen a lot of up and down movements. In our report "Insufficient Client Focus – A Survey of European Private Banks’" we showed already in 2009 just how pro-cyclical and short-termist the advice of many (but not all) private banks was at the time. Today, we have a similar situation: bankers advise their clients to switch their assets into safe havens such as gold, Swiss Francs or Asian currencies and cash. But only a few months agohttp://www.myprivatebanking.com/Article/MyPrivateBanking-in-the-Mediahttp://www.myprivatebanking.com/Article/MyPrivateBanking-in-the-MediaFri, 12 Aug 2011 10:04:28 GMTRecent research published by MyPrivateBanking received extensive media coverage from the world’s leading business newspapers such as Wall Street Journal, Financial Times and Frankfurter Allgemeine Zeitung. The Wall Street Journal’s Article “Financial Advisers´Little Secrets: Their Past Results” reportedhttp://www.myprivatebanking.com/Article/MyPrivateBanking-Research-Briefhttp://www.myprivatebanking.com/Article/MyPrivateBanking-Research-BriefTue, 05 Jul 2011 08:46:40 GMTPrivate investors should be skeptical about investing in the new wave of initial public offerings (IPOs) for internet companies’ stocks. This is the main conclusion of new research by MyPrivateBanking, for which we compared the main players, mechanisms and results of the late 1990s/early 2000s dot-com bubble with the newly developing wave of Internet IPOshttp://www.myprivatebanking.com/Article/MyPrivateBanking-Research-Flashhttp://www.myprivatebanking.com/Article/MyPrivateBanking-Research-FlashTue, 17 May 2011 13:16:14 GMTNew research findings by MyPrivateBanking Research reveal that only 10% of the world’s most important wealth managers publish performance data for their discretionary accounts and only 22% offer specific information about their fees.http://www.myprivatebanking.com/Article/Initiating-a-Discussion-on-the-Future-of-Wealth-Managementhttp://www.myprivatebanking.com/Article/Initiating-a-Discussion-on-the-Future-of-Wealth-ManagementFri, 17 Jun 2011 14:36:46 GMTOver the last two years MyPrivateBanking.com has evolved into a platform to educate and connect wealth management clients, promote their rights and interests and highlight the responsibilities of wealth managers and private banks. To capture the essence of these http://www.myprivatebanking.com/Article/Interview-with-Gunnar-Grape-Reporting-Specialisthttp://www.myprivatebanking.com/Article/Interview-with-Gunnar-Grape-Reporting-SpecialistMon, 18 Jul 2011 11:47:25 GMTGunnar Grape is the managing director of iComps GmbH, which offers various services to support wealth managers in the administration of their client portfolios and providing clients’ investment reports. We discussed with him the current state of client reporting and what a good investment report from a wealth manager should look likehttp://www.myprivatebanking.com/Article/MyPrivateBanking-Surveyhttp://www.myprivatebanking.com/Article/MyPrivateBanking-SurveyMon, 30 May 2011 15:52:03 GMTNew research by MyPrivateBanking Research finds that only half of the world’s 30 most important banks and wealth managers offer mobile applications for their clients. Even worse, only three providers (10%) go beyond applications related to online banking.http://www.myprivatebanking.com/Article/What-Our-Members-Discussions-Have-Covered-May-2011http://www.myprivatebanking.com/Article/What-Our-Members-Discussions-Have-Covered-May-2011Tue, 07 Jun 2011 11:00:22 GMTLast month our group members shared their thoughts and experiences on various topics. What follows are a few highlights of these discussions, such as inside knowledge on a banker’s conflicts of interesthttp://www.myprivatebanking.com/Article/Analysis-by-Francis-Groves-MyPrivateBankings-ETF-Specialisthttp://www.myprivatebanking.com/Article/Analysis-by-Francis-Groves-MyPrivateBankings-ETF-SpecialistFri, 13 May 2011 08:22:35 GMTETFs are becoming increasingly popular with private investors, at the same time ETF structures are growing more complex. Could ETF popularity in combination with complexity nurture hidden risks to the financialhttp://www.myprivatebanking.com/Article/New-Research-by-MyPrivateBankinghttp://www.myprivatebanking.com/Article/New-Research-by-MyPrivateBankingMon, 02 May 2011 11:07:23 GMTThe recent events in North Africa and the Middle East show once again that every time a dictator falls from power, governments, politicians and banks across the world announce that his, his family’s and follower’s assets in foreign countries will be frozen and later returned to the new, legitimate government. But the fact of the matter is that these announcements have only been paying lip service to the public.http://www.myprivatebanking.com/Article/New-MyPrivateBanking-Reporthttp://www.myprivatebanking.com/Article/New-MyPrivateBanking-ReportThu, 04 Nov 2010 10:23:32 GMT60% of surveyed Wealth Managers have either no activity or are only sporadically active on social networks – Deutsche Bank, Crédit Agricole and BNP have the best social media presences.http://www.myprivatebanking.com/Article/Comment-by-Steffen-Binder-Research-Director-MyPrivateBankinghttp://www.myprivatebanking.com/Article/Comment-by-Steffen-Binder-Research-Director-MyPrivateBankingTue, 15 Mar 2011 09:23:25 GMTThe EU, the Swiss government and the US have taken measures to freeze the assets of Messrs. Ben Ali, Mubarak, Gaddafi and their respective friends and families. But can this be enough? It often takes years, even decades until a court decides what should happen to frozen assets...http://www.myprivatebanking.com/Article/Interview-with-Financial-Author-Francis-Groveshttp://www.myprivatebanking.com/Article/Interview-with-Financial-Author-Francis-GrovesMon, 14 Mar 2011 17:07:51 GMTFrancis Groves is the author of the recently published book Exchange Traded Funds: A Concise Guide to ETFs. In this interview the ETF expert explains how to build a sensible portfolio from ETFs, the typical mistakes private investors make with ETFs, what they can do and simple steps to contain the biggest risks. http://www.myprivatebanking.com/Article/MyPrivate-Banking-Research-Briefhttp://www.myprivatebanking.com/Article/MyPrivate-Banking-Research-BriefWed, 09 Feb 2011 08:45:47 GMTAccording to a recent MyPrivateBanking report wealthy individuals from the Middle East and Africa hold about USD 1.5 trillion in foreign bank accounts (offshore). We estimate that at least 15% of these assets have been obtained through illegal means and transferred out of the homehttp://www.myprivatebanking.com/Article/Member-Feedback-GPS-1http://www.myprivatebanking.com/Article/Member-Feedback-GPS-1Thu, 17 Feb 2011 14:24:14 GMTOur member, GPS1, were so kind to give us detailed feedback on his selection process for a new financial advisor based on our research. What follows is his own account of how he found the right advisorhttp://www.myprivatebanking.com/Article/Interview-with-Dr-Christian-Gast-Head-of-iShares-Switzerlandhttp://www.myprivatebanking.com/Article/Interview-with-Dr-Christian-Gast-Head-of-iShares-SwitzerlandTue, 08 Feb 2011 09:59:05 GMTDr. Christian Gast is the head of iShares Switzerland. We have talked with him about the future of ETFs, the adequacy of index investing for private banking clients and the challenges of the kickback-based fee system that most active funds still use to get access tohttp://www.myprivatebanking.com/Article/Top-Private-Banking-Links-February-22-2011http://www.myprivatebanking.com/Article/Top-Private-Banking-Links-February-22-2011Tue, 22 Feb 2011 08:48:10 GMTPlus: Why true diversification matters; Mubarak’s money most likely goes to UAE; The Oppenheimers – South Africa’s royal business family; What the bible says on taxing the richhttp://www.myprivatebanking.com/Article/Top-Private-Banking-Links-January-27-2011http://www.myprivatebanking.com/Article/Top-Private-Banking-Links-January-27-2011Thu, 27 Jan 2011 11:06:03 GMTPlus: Greece’s sacred cows; In divorce: when $6 mio. per year is not enough; Hong Kong’s feuding families; Wealth tax in Koreahttp://www.myprivatebanking.com/Article/MyPrivateBanking-Member-Portrait-Gus49http://www.myprivatebanking.com/Article/MyPrivateBanking-Member-Portrait-Gus49Tue, 25 Jan 2011 09:45:08 GMTIn our series of portraits of MyPrivatebanking Members we interviewed Gus_49, a real estate broker living in Paris, on his investment experiences and portfolio management.http://www.myprivatebanking.com/Article/Top-Private-Banking-Links-January-19-2011http://www.myprivatebanking.com/Article/Top-Private-Banking-Links-January-19-2011Wed, 19 Jan 2011 19:58:41 GMTPlus: Facebook flop for Goldman clients, What kind of societies create wealth; Ben Ali’s hated in-laws looted Tunisia, Protecting your mail from identity thieves…http://www.myprivatebanking.com/Article/Interview-with-Karl-M-Schmidt-CEO-qurin-bankhttp://www.myprivatebanking.com/Article/Interview-with-Karl-M-Schmidt-CEO-qurin-bankWed, 05 Jan 2011 15:01:49 GMTKarl Matthäus Schmidt is the CEO of the first fee-only private bank in Germany which offers clients wealth advice without conflict of interest. We talked with him about the acceptance of this new advisory model among clients and what has to be done to make the wealth management market more transparenthttp://www.myprivatebanking.com/Article/Top-Private-Banking-Links-January-11-2011http://www.myprivatebanking.com/Article/Top-Private-Banking-Links-January-11-2011Tue, 11 Jan 2011 15:00:33 GMTPlus: pre-nups make rich disclose wealth; when does marriage make economic sense, new luxury car for Mariah Carey...http://www.myprivatebanking.com/Article/MyPrivateBanking-Member-Portrait-Geneva4http://www.myprivatebanking.com/Article/MyPrivateBanking-Member-Portrait-Geneva4Wed, 15 Dec 2010 13:56:27 GMTWe interviewed MyPrivatebanking Member Geneva4 on his portfolio management and investment philosophy. Geneva4 is in his late 50s, a Swiss national http://www.myprivatebanking.com/Article/Top-Private-Banking-Links-December-21-2010http://www.myprivatebanking.com/Article/Top-Private-Banking-Links-December-21-2010Tue, 21 Dec 2010 15:58:54 GMTPlus: Heiress’ fortune stolen from under nose; Luxury in China; Wealth gap on Christmas; Beckhams’ Christmas list http://www.myprivatebanking.com/Article/Advice-Meeting-a-Potential-Clienthttp://www.myprivatebanking.com/Article/Advice-Meeting-a-Potential-ClientMon, 16 Nov 2009 14:31:55 GMTOnly a structured questionnaire ensures a comprehensive profile of a private banking client. Unfortunately, we have found that only a minority of wealth managers and private bankershttp://www.myprivatebanking.com/Article/Advice-Costs-of-Wealth-Managementhttp://www.myprivatebanking.com/Article/Advice-Costs-of-Wealth-ManagementWed, 29 Jul 2009 10:48:03 GMTAs a private banking client, you not only pay a substantial direct fee for your wealth management, but also indirectly for various hidden costs of products andhttp://www.myprivatebanking.com/Article/Collectibles-Wine-as-an-Investmenthttp://www.myprivatebanking.com/Article/Collectibles-Wine-as-an-InvestmentThu, 03 Sep 2009 12:27:36 GMTIt is definitely possible to make money through investing in top wines; however, it is certainly not as easy as is often suggested. If you decide to invest in wine, which wines should you focus on? http://www.myprivatebanking.com/Article/Wealth-Results-of-Survey-on-Top-European-Private-Bankshttp://www.myprivatebanking.com/Article/Wealth-Results-of-Survey-on-Top-European-Private-BanksWed, 16 Sep 2009 12:26:17 GMTPrivate banking Clients have rather little time for interaction with their potential private banker to make the important decision whom to trust with managing their money. Consequently private bankinghttp://www.myprivatebanking.com/Article/Wealth-Results-of-Survey-on-Private-Bankshttp://www.myprivatebanking.com/Article/Wealth-Results-of-Survey-on-Private-BanksMon, 02 Nov 2009 13:09:29 GMTThe investment proposal is the basis for all future decisions and in our survey we thoroughly analyzed the proposal we received from 20 wealth managers and private banks. In a good proposal the private banker shouldhttp://www.myprivatebanking.com/Article/New-Research-Report-The-Future-of-Fee-Only-Advicehttp://www.myprivatebanking.com/Article/New-Research-Report-The-Future-of-Fee-Only-AdviceFri, 01 Oct 2010 15:11:39 GMTIn a recent research report on fee-only advice MyPrivateBanking research surveyed 300 private banking clients in Germany on their needs and preferences with regard to fee-only financial advice. http://www.myprivatebanking.com/Article/New-Survey-on-Top-European-Private-Bankshttp://www.myprivatebanking.com/Article/New-Survey-on-Top-European-Private-BanksFri, 29 May 2009 21:25:26 GMTMyPrivateBanking.com has just released its annual survey on the top European based private banks and wealth managers. 20 of the most important private banks in Europe were selected to assess the quality of their customer interface, their investment proposal and the total cost of