What wealth managers can learn from different industries?

The private banking and wealth management sector had been facing margin pressures even before the investment landscape was turned upside down by the recent crisis. The requirement from MIFiD II that banks disclose precise details of their fee structures, as well as communicate total fee payments each year,has been leading to decreasing fee income. As the novel coronavirus has created ripples across equity and bond markets, trading volumes in certain pockets like ‘early investors’ have been quite healthy.