Wealth management: Why performance matters

Helen Avery
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Traditionally seen as great for service, but second best in investment performance, private banks have been polishing up their act, investing in research and third-party products to diversify portfolios and win back market share in asset management from other financial service providers. FTSE PriBIL’s Private Banking Indices show that high-net-worth individuals should be taking private banks’ portfolio management more seriously. Plus we profile three of the banks that outperformed it. Helen Avery reports.