Rather than acting as product providers, the wealth management industry is positioning itself as a source of financial solutions and advice, according to PwC's 2013 Global Private Banking and Wealth Management Survey, released late Wednesday.
PwC surveyed 200 participants from 51 countries for the report. The majority of respondents were from Europe and the Middle East, but 18% were from North and South America. This is the 20th anniversary of the biennial survey.
PwC identified five areas where wealth management firms need to enact transformative change to be successful.
1. Markets and Clients
While emerging markets are growing faster than developed markets, PwC found that even within that sector, newly emerging markets are experiencing more robust growth than more “established” emerging markets.
5 Best Heal Care Stocks For 2014: Jkx Oil & Gas Plc(JKX.L)
JKX Oil & Gas plc, through its subsidiaries, engages in the exploration, development, and production of oil and gas reserves. It holds interest in Ignatovskoye, Molchanovskoye, Novo-Nikolaevskoye, Rudenkovskoye, Elizavetovskoye, Zaplavskoye, and Chervonoyarske East fields in the Poltava region of Ukraine; and development licenses in Koshekhablskoye gas field that comprises 34.7 sq. km located in Russia. The company also owns interests in B Golitza and B1 Golitza onshore exploration permits covering 3,355sq.km in eastern Bulgaria; in Hernad, Hajdunanas, Nyirseg, Turkeve, and Veszto licenses in Hungary; in West Georgia offshore in Georgia; and 3 exploration licenses in the Carpathian Fold Belt in Slovakia. In addition, it involves in finance and holding; and land leasing activities. JKX Oil & Gas plc is based in London, the United Kingdom.
5 Best Heal Care Stocks For 2014: Ballantyne Strong Inc (BTN)
Ballantyne Strong, Inc. engages in the design, development, manufacture, and distribution of theatre and lighting systems worldwide. The company�s Theatre segment distributes digital equipment, such as cinema projectors, as well as digital cinema servers, library management systems, automation products, pedestals, 3D accessories, lenses, and lamps; motion picture projection analog equipment; cinema screens, including standard and large format 2D and 3D screens; xenon lamps; and digital projection lenses. It also provides installation and after-sale maintenance services for digital, film, and audio equipment and related peripherals; cabling, wiring, digital menu boards, and digital signage installation and maintenance services; and remote equipment monitoring services. This segment markets and sells its products directly to end users; and through dealers to theatre exhibitors in the United States and internationally. Its Lighting segment offers long-range followspots; ente rtainment and architectural lighting products; and LED lighting fixtures. This segment offers followspot products under the Strong, Super Trouper, and Gladiator trademarks; LED lighting fixtures under Solutions and Neeva trademarks; and other products under Strong Digital Systems, Radiance, and Sky-Tracker trademarks. It sells its lighting products through a combination of a small direct sales force, dealer network, and commissioned sales representatives to arenas, stadiums, theme parks, theatres, auditoriums, and equipment rental companies. Ballantyne Strong, Inc. sells its products in the United States, Canada, China, Asia, Mexico, South America, and Europe. The company was formerly known as Ballantyne of Omaha, Inc. and changed its name to Ballantyne Strong, Inc. in June 2009. Ballantyne Strong, Inc. was founded in 1932 and is headquartered in Omaha, Nebraska.
Top 5 Performing Companies To Watch For 2014: Mothercare(MTC.L)
Mothercare plc operates as a retailer and wholesaler of products and services for mothers, mothers-to-be, babies, and children. The company sells its products under the Mothercare and Early Learning Centre brands. It offers maternity and children?s clothing, furniture, and home furnishing products, as well pushchairs, nursery products, car and travel products, safety and care products, kids bedroom products, toys and gifts, clothing, feeding, and bathing and changing products. The company also operates retail franchises in Europe, the Middle East, Africa, and the Far East. Mothercare plc sells its products through retail stores, catalogues, and the Internet. As of November 14, 2011, it had 353 stores in the United Kingdom and 969 stores internationally. In addition, the company owns and operates Gurgle.com, the social networking site for parents. Mothercare plc was founded in 1961 and is based in Watford, the United Kingdom.
5 Best Heal Care Stocks For 2014: First Financial Bancorp.(FFBC)
First Financial Bancorp. operates as the holding company for First Financial Bank, National Association that provides commercial banking, and other banking and banking-related services. The company accepts various deposit products that include interest-bearing and noninterest-bearing deposit accounts, time deposits, and cash management services for commercial customers. It also offers various lending products, including residential real estate loans; commercial real estate loans; commercial loans for various business purposes; home equity lines of credit; and consumer loans, such as vehicle loans, second mortgages on residential real estate, and unsecured loans. In addition, the company provides trust services, brokerage, investment, and other related services. As of June 3, 2011, it operated 102 banking centers in Ohio, Indiana, and Kentucky. The company was founded in 1982 and is headquartered in Cincinnati, Ohio.
5 Best Heal Care Stocks For 2014: BioMarin Pharmaceutical Inc.(BMRN)
BioMarin Pharmaceutical Inc. develops and commercializes biopharmaceuticals for serious diseases and medical conditions in the United States, Europe, Latin America, and rest of the world. The company?s commercial products include Naglazyme, a recombinant form of N-acetylgalactosamine 4-sulfatase enzyme used for the treatment of mucopolysaccharidosis (MPS) VI; Kuvan, a proprietary synthetic oral form of 6R-BH4 used to treat patients with phenylketonuria (PKU), a metabolic disease; Aldurazyme used for the treatment of mucopolysaccharidosis I, a genetic disease; and Firdapse used to treat Lambert Eaton Myasthenic Syndrome, an autoimmune disease. It develops GALNS, an enzyme replacement therapy for the treatment of MPS IVA, a lysosomal storage disorder; PEG-PAL, an enzyme substitution therapy that is under Phase II clinical trial to treat PKU; BMN-673, a Phase I/II clinical trial product for the treatment of cancer; BMN-701, an enzyme replacement therapy, which is under Phase I/II clinical trials for Pompe disease, a glycogen storage disorder; and BMN-111, a peptide therapeutic that is under Phase I clinical trial for the treatment of achondroplasia. The company sells its Naglazyme, Kuvan, and Firdapse products to specialty pharmacies and end-users, such as hospitals and foreign government agencies, which act as retailers; and Naglazyme products to distributors and pharmaceutical wholesalers. It has a collaboration agreement with Genzyme Corporation for the manufacture of Aldurazyme; and an agreement with Merck Serono S.A. for the further development and commercialization of Kuvan and other products containing 6R-BH4 and PEG-PAL for PKU. BioMarin Pharmaceutical Inc. was founded in 1996 and is headquartered in Novato, California.
Advisors' Opinion:- [By Monica Gerson]
BioMarin Pharmaceutical (NASDAQ: BMRN) shares moved up 1.48% to $78.64. The volume of BioMarin Pharmaceutical shares traded was 966% higher than normal. BioMarin shares jumped on Roche Holding (OTC: RHHBY) takeover report..
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