Swiss IAMs will need more than 1,000 new client advisors to realize their growth ambitions over the next three years, according to new research from consultant Advea and wealth management group Cinerius Financial Partners.
Asset managers want to lure most of it away from banks in what the study calls a “war for RM.” [relationship managers].’
Advea surveyed independent asset managers (IAMs) of various sizes licensed by Swiss Finma and held in-depth discussions with more than 50 industry players who manage assets totaling CHF 48 billion.