World Finance Magazine Features Clarien Bank

May 29, 2017

The Spring 2017 issue of World Finance magazine features an article by Clarien Bank executives Clare Spearing, Head of Private Banking, and Robert Steinhoff, Head of Investment Strategy, on changes in wealth management.

Entitled “The evolution of the asset manager”, the article explains that since the financial crisis, more clients are relying on wealth advisors to provide valuable asset management services.

“Clients have become increasingly engaged in the process of managing their wealth,” write Mrs. Spearing and Mr. Steinhoff. “There is now a notable trend away from the dominance of global, wholesale banks, as families gravitate towards boutique-style wealth managers offering more personalised, bespoke financial solutions.

“The contemporary client often has a global footprint and, as such, is increasingly seeking out a trusted advisor to help them navigate a more complex world.”

Robert Steinhoff, Head of Investment Strategy and Clare Spearing, Head of Private Banking

Robert Steinhoff and Clare Spearing Bermuda May 2017

The article states that Bermuda is ideally placed to cater to this trend. “As families become more dispersed and transient, Bermuda is considered a safe and easily accessible domicile with a long history of legal, trust, insurance, tax and investment expertise.

“It will continue to attract clients who require a full suite of financial services and advisors who understand wealth management is a relationship business where trust, integrity and credibility are paramount to the client.”

The full article can be read online here, and the Spring 2017 issue of World Finance is available here.

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