In 2019, Family wealth management industry in China has entered a stage of rapid development. However, the profit model is not clear enough. There are still deficiencies in most of professional organizations and how to fix the price is a hard question. The resource screening capacity and efficiency in the global scope are weak; the structure is difficult to implement, and it is more difficult to replicate. The ecology of the industry is imperfect and the mutual trust system is extremely lacking.
Conversely, the strong demand of customers has led to a rapid increase in global cognitive capabilities. Many pain points become challenges that practitioners cannot ignore. The decline of the overall economic cycle and the difficult environment have made the previous model of sale orientation reach a plateau, and the pressure for survival and upgrade has increased sharply.
The practitioners of the Wealth Management industry in China, are now at the stage of improving their core competitiveness and build a sustainable profit model after the prosperous era has over. The demand of the market is now going through growth spurts. It has also caused more and more companies with different strengths and weaknesses to enter the family wealth management industry. In addition to their own problems, practitioners had to deal with the appearance of “bad money drives out good.”
In order to solve the pain points of the family wealth management industry and find a globalized resource combination which is suitable for the Chinese UHNW families and family offices, we, Banyan Legacy set up the 13th Asia Private Banking and Family Office Summit.
The Asia Private Banking and Family Office Summit has been successfully held for 12 sessions, covering Shanghai, Beijing, Shenzhen, Qingdao, Singapore and New York, With a total of more than3,500 participants.While observing the local family Wealth management industry in China, We are always focusing overseas, and constantly observing the similarities and differences between local and overseas family w$ealth management industry through vertical and horizontal comparison)
As a new comers, know and master the family wealth management industry may take 10,000 hours) ,Just like the crown jewel, this industry is a highly assembled collection of many sub-sectors. We do not know whether 10,000 hours are the method to being the experts.Hoewever, What can be confirmed is that this industry is not an easy way.It requires our insistence.When we face the comple needs of customers, We should be more humble to embrace a more open and a win-industry ecology.
It might be a back-to-back battle that all participants have to face! It is not only a test of professionalism and perseverance, but also to build a mutual trust industry ecology
Banyan Legacy, as one of the first practitioners in family wealth management industry in China, is definitely a local team woking with the global market(overseas parts: local institutions over 90%)
We think the content first all the time, researching the hottest topics in the market and hearing opinions through KOLs to set up a high quality summit with the most in-depth insights. You could get the core industry knowledge and connect with the most suitable partners via this platform.
We will keep connecting with more than 500 industry leaders including many well-known family members, top family offices, private bankings, asset management institutions, law firms, accounting offices, and offshore financial centers. The 13th Asian Private Banking and Family Office Summit will be held on ,June 18 – 19 in 2020 in Shanghai).