Private banking: The ins and outs of open architecture

Private Banking and Wealth Management Survey 2011

Press release

Features

Private banks rebuild trust and sharpen their focus

The ins and outs of open architecture

Model portfolios – a private banking solution?

Regaining trust, restoring returns

Brazil’s private banks compete head-on for risk-averse clients

Private banks set Russian growth agenda

Wealth managers chase India’s burgeoning rich

Foreign and local banks battle for China’s golden generation

The Survey

Full results index

Methodology

AN OPEN ARCHITECTURE approach, with private bankers agnostic as to which bank’s products they use for their clients, so long as they are the best products, always seemed more of a marketing ploy than strict reality. High-net-worth clients wanted to believe that their private bank was not steering them deliberately into in-house products to make money for the overall firm, and private banks touted open architecture platforms to assuage their fears.

Now, though, the question of open architecture is up for debate.