Wealth Management Industry Is Poised To Recover

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Mani
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The Wealth management industry is poised to benefit from operating leverage and cyclical exposure, leading to the industry’s recovery. Brad Hintz and team at Bernstein Research point out that with improving revenues since the trough in 2010, the wealth management industry’s profits would improve. Wealth management industry: Improved profitability According to the Bernstein report, the wirehouses such as Morgan Stanley (NYSE:MS), Merrill Lynch, Wells Fargo & Co (NYSE:WFC) and UBS AG (NYSE:UBS) and regional brokers witnessed expanding pre-tax margins over the past three years. The rationalization of FA headcount and segmenting markets to target the most profitable client relationships have allowed…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports