A Look at the Top 10 Wealth Management Firms

A Look at the Top 10 Wealth Management FirmsA Look at the Top 10 Wealth Management FirmsWhen youre in the process of selecting the bestwealth management firmto work for, one reasonable way to narrow the field is to focus on the top firmsin terms of profitability. Wealth management traditionally offers a much more stable stream of revenues and profits than the rather volatile and cyclical investment banking and securities tradingfunctions.This listing of the top competitors in this field is ranked by the amount of pre-tax profit generated by their wealth management divisions. Although the definition of the wealth market is a highly elastic one and it can vary by firm, a generally accepted variant includes clients with at least $1 million in financial asplatzsets, but many firms set the bar lower at $250,000. 01UBSCharlotte Nation/Getty ImagesThe Wealth Management unit BNP Paribas is considered the top private bank in France and one of the best banks globally for philanthropic services .The firm reports nearly $300 million in pre-tax wealth management profits for about 3 percent of the company total.Influences on ProfitsThe profits ascribed to the wealth management divisions of these firms can be heavily influenced by internal transfer pricing policies and procedures. Odds are that transactions originating with wealth management clients may be contributing to significant profits ascribed to other divisions of these firms- such as investment banking and securities trading.