3 Wealth Management companies to keep an eye on in Europe

By Joy Dumasia

Wealth Management is a branch of financial services dealing with the investment needs of affluent clients. These are specialised advisory services catering to the investment management needs of affluent clients. The plans are tailored to client-specific needs, the financial products are combined to effectively reach the financial goals of the client.

A professional service provided by wealth managers, including investment planning, accounting, tax planning, estate planning or retirement planning, portfolio and financial services management provided to business owners or a corporate for one set fee, is called wealth management.

Wealth managers may work individually as a single person or as part of a small-scale business or a larger firm. Based on the nature of the business, wealth managers may function under different titles, which include financial consultant or financial adviser. A client may receive services from a single designated wealth manager or may have access to a specified wealth management team member.

The following are 3 Wealth Management companies to keep an eye on in Europe:

• BNP Paribas

BNP Paribas has a presence in 68 countries, with more than 193,000 employees, including nearly 148,000 in Europe. The Group supports all its customers’ individuals, associations, entrepreneurs, SMEs and institutions in their projects through its financing, investment, savings and protection solutions.

Recently, IBS Intelligence reported that Bank of Baroda, one of India’s leading public sector banks and BNP Paribas Asset Management – the asset management arm of BNP Paribas, a leading banking group in Europe with global reach, have entered into a strategic partnership by combining the strengths of their respective asset management businesses in India, to form ‘Baroda BNP Paribas Mutual Fund’.

• Credit Suisse

Credit Suisse is a global wealth manager with strong investment banking capabilities. Headquartered in Zurich, Switzerland, its operation has a global reach and extends to about 50 countries worldwide across mature and emerging markets, with more than 45,000 employees from over 150 different nations. Credit Suisse partner across countries, divisions and regions to deliver holistic financial solutions to clients, including innovative products and specially tailored advice aligned to high ethical standards.

IBS Intelligence had also reported that Credit Suisse named Markus Ruetimann as the new global chief operating officer of Credit Suisse Asset Management. The Zurich bank turns to the ex-UBS and Schroders manager to help it recover from repeated crises.

• UBS Global Wealth Management

UBS Global Wealth Management offers affluent individuals and institutions worldwide a comprehensive range of advice and investment services. They use combined expertise to help turn the client’s financial vision into a reality. With offices in over 45 markets on 5 continents, the size, strength and 150-year history help achieve global reach, while local knowledge means that they can offer a personal and bespoke service to meet all needs.

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