PT - JOURNAL ARTICLE AU - Noël Amenc AU - Felix Goltz AU - David Schröder TI - Private Bankers on Private Banking: <em>Financial Risks and Asset/Liability Management</em> AID - 10.3905/jwm.2009.12.3.039 DP - 2009 Oct 31 TA - The Journal of Wealth Management PG - 39--50 VI - 12 IP - 3 4099 - https://pm-research.com/content/12/3/39.short 4100 - https://pm-research.com/content/12/3/39.full AB - The authors analyze private bankers’ views on the raison d’être of their profession, their clients’ main financial risks, and the professionals’ opinions on introducing asset liability management (ALM) to private banking. Although practitioners agree on the importance of tailored solutions for their clients’ primary risks such as unexpected inflation, they are not satisfied by the current risk management tools at hand to advise their clients, nor by the overall risk management service provided. Against this backdrop, this survey shows that ALM is considered to be a promising concept to strengthen advisory quality in private banking.TOPICS: Wealth management, risk management