Findings from A Meeting of Minds: Wealth Management & Private Banking June 2021

THE CONTEXT: 

The twenty-ninth Meeting of Minds Wealth Management & Private Banking took place on Thursday 10 June as a virtual event. This document captures the outputs from the programme of ten interactive roundtables which took place.

This Meeting is a strategic forum organised on a biannual basis by Owen James. It brings together some 60 CEOs and CIOs from these important firms (private banks, wealth managers, DFMs and family offices) to work through the key challenges facing their individual businesses and the industry as a whole.  

THE FORMAT:

At the core of these Meetings is the series of roundtables, accessed via Zoom, addressing the pre-researched and pre-agreed agenda. These provide an opportunity for open discussion led by objective and professional facilitators. 

We are pleased to report that even with the restrictions of the virtual format, the participants are still able to enjoy access to strategic insight and networking at the highest level. In addition, two external speakers are invited to provide keynotes which spark debate and encourage fresh and original thinking. 

This document summarises the key issues raised during the roundtables held last month. The Meeting abides by the rules of Chatham House i.e. no names are given other than that of the facilitator and the expert who led each session.  

THE FACILITATORS:

We would also like to thank our facilitators. The roundtables are key to the success of A Meeting of Minds and integral to that role are our facilitators.

The Roundtable sessions were facilitated by: 

• Caroline Burkart and Giles Patterson from Aon Client Insights
• Martyn Laverick, Paul Harper Search & Selection
• Jo Goddard, Green & Good Consulting
• Gilly Green, Sionic
• Roopalee Dave, EY
• Ralph Jackson, Lansons
• Mandy Kirby, City Hive Network

Their role was to ensure that the roundtables maintained their focus and to encourage participation from all on screen! In the virtual world, their biggest challenge was to ensure that everyone kept their videos on!!!  We think they did pretty well!

THE SPONSORS:

We would like to thank our sponsors who made the Meeting of Minds possible. The following companies took part and their motivation for doing so is threefold:

• To be, and be seen as being, supportive of the industry.
• To understand the stresses and strains being placed on financial advisory firms and, where possible, respond to them.
• To talk openly with these business leaders with a view to ensuring that their businesses are strategically aligned.