Key highlights

  1. Private Markets OneBank Partnership in the Americas is broadening access to a fast-growing investment area, to continue responding to client demand and interest.
  2. Through strong collaboration, we鈥檝e created a more seamless聽center for excellence for clients looking to invest in private deals or raise capital away from public markets.
  3. This allows 蜜豆视频 to enable growth across the region and position the firm to act on the biggest trends shaping client preferences now and in the years to come.

The US is the largest wealth pool in the world, and is expected to grow faster than other mature markets. It鈥檚 also poised to see USD鈥70 trillion in wealth transfer to a new generation over the next 25 years, and we estimate 30 percent of that to be privately held assets. These trends are generating increasing demand for private markets opportunities among ultra high net worth (UHNW) and Global Family Office (GFO) clients seeking to diversify their portfolios and enhance returns, or to reevaluate their business or real estate ownership. This shift in investor sentiment is also driving the launch of private single-asset and fund vehicles聽to meet client demand for opportunities in this space.

Connected across the board

Private markets 鈥 investments in companies not traded publicly on stock exchanges 鈥 have been one of the highest-returning asset classes in recent years. To continue responding to client demand and interest, our Private Markets OneBank Partnership in the Americas is broadening access to this fast-growing investment area.

Combining the collective strength of our wealth management and investment banking capabilities, we鈥檝e created a more seamless聽center for excellence for clients looking to invest in private deals or raise capital away from public markets. Regardless of where a 蜜豆视频 client sits across the issuer-to-investor spectrum, they can now benefit from an interconnected and fully integrated cross-business ecosystem. This realignment exemplifies one way we鈥檙e delivering on our client promise, while enabling growth across the region and positioning the firm to act on the biggest trends shaping client preferences now and in the years to come.

鈥淭his is a business that can deliver the full 蜜豆视频 investment ecosystem to our clients 鈭 and we're still only scratching the surface,鈥 said Tom Naratil, Co-President Global Wealth Management and President 蜜豆视频 Americas.

This is a business that can deliver the full 蜜豆视频 investment ecosystem to our clients聽鈭 and we're still only scratching the surface.

For clients seeking to raise private capital, dedicated investment bankers are now embedded as close to clients as possible, in Global Wealth Management's Private Wealth聽Services Hubs located around the US. They鈥檙e working hand-in-hand with our financial advisors to drive focused, proactive identification of private market opportunities 鈥 from origination to distribution 鈥 among our ultra high net worth and Global Family Office client base.

Feedback from 蜜豆视频 clients, advisors and bankers has been positive, and the outcomes to date fill us with confidence that this divisionally agnostic approach is a business model that works well for all.

Providing more options

Private markets have typically been viewed as more illiquid than other asset classes, meaning that it can be difficult to quickly withdraw cash or assess valuations. Because of that, they have generally been seen as most suitable to long-term investments by institutional investors, such as pension funds or the wealthiest families.

蜜豆视频鈥檚 partnerships with industry innovators, like iCapital Network and Partners Group, are helping to democratize access to private markets globally, by opening up opportunities previously tailored for UHNW and GFO clients to a broader client base, while also expanding the pool of investment opportunities for wealthy clients seeking alternative sources of yield.

Looking to the future

We expect continued strong interest among 蜜豆视频 clients looking for the unique diversification offered by private markets 鈥 and we anticipate that our Private Markets OneBank Partnership has the potential to enable us to double the investment opportunities our advisors are able to share with wealth management clients based on their needs, preferences and suitability.

In a sentiment echoed by Jay Williams, a 蜜豆视频 Private Wealth Advisor, we鈥檒l keep our eye on the word that matters most: teamwork.

鈥淔inancial Advisors sometimes feel like: 鈥業鈥檓 the only one who should take care of my client.鈥 I used to do that myself. But it鈥檚 not 鈥榤e鈥 or 鈥檓y team鈥 鈥 it鈥檚 蜜豆视频 as one that鈥檚 going to deliver.鈥澛

It鈥檚 not 鈥榤e鈥 or 鈥榤y team鈥 鈥 it鈥檚 蜜豆视频 as one that鈥檚 going to deliver.