Product innovation in European wealth
Category: Financial Services
Library Code: DMFS2194
Publication Date: 16-Jun-08
European wealth managers continue to churn out new products and services as a
means of keeping pace with or staying ahead of their competitors. This report
analyses recent product launch activity, looking especially at new, innovative
offerings and assessing anticipated trends in product and service development to
*Assesses product development priorities among European wealth managers;
*Highlights new product and service features and benefits;
*Identifies future areas of focus for product and service innovation.
Wealth managers may be missing out on opportunities to drive business among
business owners and entrepreneurs in particular, since limited development and
launch effort is being committed to private equity investments and lending
products, even though these categories are attracting strong interest from this
very lucrative client group.
Wealthy investors are benefiting from moderate to significant innovation in
three core areas. Just below 60% of wealth managers described new online
services as quite innovative or very innovative, while 55% and 50% report
significant new features and benefits being introduced to value-added services
and capital-protected investments, respectively.
Development in online services is likely to be most vigorously pursued by wealth
managers serving the mass affluent market. Providers should note, however, that
online services are also highly valued by the critical segments of expatriates,
inpatriates and, to a slightly lesser extent, business owners/entrepreneurs.
Reasons to Purchase
*Benchmark your product development efforts against the offers of leading
European wealth managers and private banks;
*Align new product development strategies to the characteristics and demands of
some of the most lucrative customer segments;
*Gain insights into wealth managers' strategies for embedding innovation into
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This product was added to our catalog on Monday 15 September, 2008.