Its a good time to be in the wealth management business. As more than one leading executive noted in our annual issue, the state of the industry is the best it has been in years. Profits are up, asset flows are steady and the industry is not plagued by the instability and uncertainty that many firms faced during the financial crisis and its aftermath.
When one considers the changes weve made due to the financial crisis, we are better positioned for stronger future health than we have ever been, says Haig Ariyan, co-head of wealth management at Deutsche Asset & Wealth Management Americas. And I think that applies to the industry as a whole with regard to meeting regulatory reforms and client demands.
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