04Dec2024

Navigating Supply Shortages and Market Changes in Automotive and Private Banking πŸš—πŸ¦

Disclaimer: The views and opinions expressed in the vapa Swiss independent wealth management blog posts featured on this page are solely my own and do not necessarily represent the views of any institutions or organisations I may be associated with. These posts are intended to share personal insights and perspectives and should not be interpreted as official statements or positions of any affiliated entities.

The semiconductor shortage severely impacts the automotive industry, reducing comfort options for new car orders. Manufacturers hesitate to disclose specific component shortages, as the market change remains unpredictable and could shift rapidly.

This scenario mirrors challenges in private banking, where sudden market shifts may prompt banks to reduce the number of client domicile they serve. Such abrupt decisions often force relationship managers to resign and wealthy clients to close their accounts. Consequently, relationship managers risk encountering similar issues when moving to another bank. However, transitioning to a client-domicile-focused independent wealth management firm provides a more secure alternative during market change.

Relationship Manager adapt to Market Changes

Relationship managers can retain their positions in these firms if a chosen custodian bank stops servicing a specific client domicile. They simply guide their wealthy clients to a new bank that supports the relevant client domicile, thereby minimising disruption.

In conclusion, while some conveniences, like a hands-free boot release or a powerful hi-fi system, may be unavailable, these are minor sacrifices in adapting to current market changes and client needs.

Source: LinkedIn (SEO adjusted)

Rating: 5.00/5. From 3 votes.
Please wait...
An illustrative depiction of the parallel challenges in the automotive and private banking sectors, highlighting the impact of shortages and market shifts on both industries.

Get Your Monthly Insights!

* indicates required


Please select all the ways you would like to hear from vapa.ch:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices.