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Wealth Management 101: The Hidden World of Private Banking

Tom Spencer

The financial services industry comprises firms that operate across a range of sectors: Asset & Wealth Management, Banking & Capital Markets, and Insurance. In simple terms, asset management firms are the ‘manufacturers’ of investment products (e.g., clients can purchase iShares on the RBC Wealth platform).

Banking 78
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Consulting or Banking

Tom Spencer

This post provides you with a high level comparison of management consulting and investment banking. Investment banks help companies raise money for various purposes including investment, acquisitions, and provision of working capital. People in the “sales and trading” division buy and sell financial products. Nature of the job.

Banking 60
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The Transformative Power of AI in Business

Tom Spencer

In the digital age, businesses are constantly seeking innovative ways to gain a competitive edge and streamline their operations. From enhancing customer experiences to optimizing decision-making processes, AI is reshaping the way businesses operate and opening up new possibilities for growth.

Data 147
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China Faces "Minsky Moment" on Ponzi Financing

MishTalk

Inquiring minds are tuning into a report on the Ponzi finance setup in China. In recent weeks, a trip to the region and further research into China’s shadow banking system have convinced us that China is approaching its “Minsky Moment,” which increases the chances of a disorderly unwind of China’s excesses. Morgan Stanley agrees.

Finance 75
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Embracing Experiential Learning

Tom Spencer

A few experiential learning opportunities to look for on campus include consulting clubs, finance clubs, student government, and technology development teams. On-campus engagements are opportunities for students to engage with their peers in a productive environment. Opportunities on-campus.

Finance 88
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Asset Management – Industry Overview (Part 1 of 4)

Tom Spencer

Well, asset managers aim to understand client investment objectives and invest client funds in a variety of financial products and asset classes. Retail asset managers will offer a variety of products including mutual funds, index funds and specialized pools. Operating Margins. What does this mean exactly? Asset Management Fees.

Industry 113
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How Banks Can Compete Against an Army of Fintech Startups

Harvard Business

It’s been more than 25 years since Bill Gates dismissed retail banks as “dinosaurs,” but the statement may be as true today as it was then. Banking for small and medium-sized enterprises (SMEs) has been astonishingly unaffected by the rise of the Internet.

Banking 42