A year ago, investors were asking how quickly interest rates would come down. September answered a different question. Inflation, which was supposed to keep fading, proved stubborn, and oil climbing back above 100 dollars a barrel made it harder still to bring down.
Wealth is rarely built in a straight line. It evolves through the different stages of life, professional developments, income growth, family circumstances, and unexpected events.
We were pleased to join leading voices from the wealth management and family office community in Geneva.
August was a month of loud headlines and quiet markets. The Strait of Hormuz stayed at the center of the global risk equation, Brent held near USD 92, and the Fed, the ECB and the BoJ all maintained their positions.
When choosing a wealth manager, should performance be the only criterion? The question is a legitimate one. But it remains incomplete. While performance is easy to measure, it does not, on its own, tell us where value is truly created.
