Many of the most prestigious Swiss private banks we know today started similarly to modern wealth managers – small, unknown, and without formal licences. They relied solely on trust, reputation, and long-term relationships with wealthy individuals. These businesses were often family-run, and it was the family name – not the bank – that clients trusted. Generations later, the descendants remained involved, and the family name became synonymous with excellence and trust. 🏦
When we look at these examples, it’s fascinating to see how the name became the brand – long before we even had the modern branding concept. This process happened naturally. It took time, consistency, and much trust. 🕰️
But what does this mean for today’s independent wealth managers? Are they trapped in the same cycle where only time and the family name are their greatest assets? That might no longer be enough in our fast-moving digital world, where visibility and interaction happen in real time. 📱
Alongside a long-standing reputation, active and strategic branding is now essential. Platforms like LinkedIn and other social media channels offer new ways to build trust and engage clients. Today, it’s not just about inheriting trust. You need to earn it constantly and prove it in the digital space. 🌐
So, what do you think? Is this organic, multi-generational branding still the way forward? Or do wealth managers need to embrace a hybrid approach to stay relevant in the modern world? 🤔
Source: LinkedIn
