The Anderson Search Group | May 2024 Updates
Unveiling the Blueprint for High-Performance Private Wealth Management Teams
Did you know that high-performance teams in this sector can outshine their peers by up to 30% in revenue generation? In fact, a recent McKinsey report stated that they “achieve roughly 30 percent higher revenue growth than both Performance-Driven and People-Focused Companies for every dollar they invest in compensation and organizational overhead.” It’s an impressive statistic that underscores the importance of understanding the key elements driving their success.
Here we share the actionable steps you can take to transform your team into a powerhouse in private wealth management.
Why Commercial Bankers are Shifting Focus to VHNW Individuals: A
Strategic Approach
Traditionally, the focus has been on catering to Ultra High Net Worth (UHNW) clients, but a growing understanding of the unique needs and preferences of VHNW individuals is prompting private bankers to realign their strategies. VHNW individuals have between $5-30 million in net investable assets. UHNW individuals have over $30 million in net investable assets. Read More
VHNW Individuals More Likely to Use a Commercial Bank than UHNW; Here’s How to Prospect Them
With changing dynamics in wealth distribution and a shift in attitudes towards financial management, this cohort presents a unique opportunity for bankers to tap into a lucrative market. Here we dive into why VHNW individuals are opting for commercial banking services over traditional wealth management, and explore effective strategies for prospecting them. Read More
Meeting the Hiring Needs of a Multi-Billion Dollar Client
Challenge
A prominent multi-billion dollar client had an urgent need to identify a high-level executive for a role within their company. They understood the importance of having the right executive in place to drive their business strategy and ensure their long-term growth and success. The client operates in a highly competitive market recognizing the critical importance of filling this role quickly and effectively.
Solutions
The Anderson Search Group’s extensive network and expertise in the commercial banking industry led to their retention by a multi-billion dollar client to fulfill their hiring needs. Their ability to consistently identify top talent makes them a trusted and invaluable partner to their clients.
Results
The Anderson Search Group successfully presented a strong pool of top-tier candidates for the client’s consideration. Their dedication to providing exceptional service and achieving high levels of satisfaction from all parties involved. Thanks to the Anderson Search Group’s efforts, the client was able to make an informed hiring decision and secure the services of a highly qualified candidate.
Download The Anderson Search Group Compensation Guide
What are competitive salaries in Commercial Banking and Private Wealth?
To assist Commercial Banking and Private Wealth institutions in remaining competitive and current, The Anderson Search Group has produced this guide, which aids employers in evaluating their compensation rates and implementing adjustments to enhance both retention and hiring efforts. It is essential to provide attractive remuneration packages, and we have compiled the most comprehensive market information on the commercial banking and private wealth industry in this exclusive report, which can be instantly downloaded.
Read our salary report now. Available via instant download.
About The Anderson Search Group
We are a Boutique Commercial Banking and Private Wealth Executive Search Firm specializing in placing elite commercial banking and private wealth talent with the nation’s finest financial institutions.
