ESG – What next for wealth managers?

2021 has been a year of increased focus on Environmental, Social, and Governance (ESG) matters.  Governments, regulators, companies and individuals are all being encouraged to take sustainability and ESG into consideration.  Global events such as COP26 in Glasgow have continued to highlight the plight of our planet and how the world needs to change in order to protect it. 

Investors are becoming increasingly aware of how their investment strategies can have a positive impact on the sectors and companies best placed to address the challenges.  Wealth managers not only need to adapt their policies, processes and systems for such targeted investment but they also need to adapt as an organisation in order to deliver on their own commitments in contributing to net-zero carbon emissions.

Following on from our ESG themed webinars earlier in 2021, Parkwell will be hosting an in-person ESG event where we will we take stock of the progress within the wealth management industry, discuss new issues and regulations that have emerged over the year and identify the opportunities and trends we think will be prominent during 2022.  Once again we will joined by a panel of leading industry experts who will share their insights and debate the challenges ahead.

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Event Information

15:30 – 16:00           Networking

16:00 – 16.05           Jason Raikes, Parkwell – “Welcome & Introduction”

16:05 – 16.15           Keith Phillips, Strategic Adviser to the Wealth Management, Financial Advisory and WealthTech sectors

16:15 – 16.25           Ian Whyte, Parkwell

16:25 – 16:55           Panel Discussion

David Howard (Rathbones), Tim Fassam (PIMFA), Keith Phillips (Strategic Adviser)

16:55 – 17:00           Jason Raikes, Parkwell – “Conclusion”

17:00 – 18:00           Networking

Jason Raikes, Senior Consultant – Parkwell

Jason is a senior consultant with 25 years’ experience of the financial services industry.  Jason has detailed knowledge of business process re-engineering and the appropriate use of technology to improve front office productivity.  Jason’s areas of expertise also include project management, regulatory projects and management information.  Jason is a Chartered Accountant having trained with one of the big four firms

Ian Whyte, Senior Consultant – Parkwell

Ian is a senior consultant and has over 20 years of successfully delivering change in financial services, specialising in Wealth Management.  Ian’s experience of regulatory and business change includes successful delivery of major change programmes including MiFID I, MiFID II, and GDPR.  He is currently responsible for an ESG programme at a global Wealth Management firm.

Tim Fassam, Director of Government Relations and Policy – PIMFA

Tim joined PIMFA as Director of Government Relations and Policy in March 2020. He is responsible for PIMFA’s relationships with government’s and regulators as well as regulatory and supervisory policy.

He joined from TheCityUK where he was Managing Director of Public Affairs, Policy and Research. Prior to this he spent ten years at Prudential in a range of public affairs roles, latterly as UK Public Affairs Director and Head of the Group Chairman’s Office. Earlier in his career he worked for Barclays supporting the Chairman and CEO during the financial crisis.

David Howard, Head of Client Service and Proposition – Rathbones

Having first qualified as a Chartered Accountant, David has spent over 30 years in retail financial services. Starting within financial roles he subsequently progressed to the position of Chief Operating Officer for Insinger de Beaufort from 2004 to 2008 and for Williams de Broë from 2008 to 2012 before joining Brewin Dolphin as Chief Administration Officer in 2013. Since 2016 David has been Head of Client Service and Proposition at Rathbones.

Research Partner

Other upcoming events

ESG 2024: Is client demand being served effectively?

Wednesday 25th September 2024
15.00 - 18.00

Demand for ESG services continues to rise among high net worth investors. Wealth management firms are adapting their services, but is this enough? Compeer will review the comparisons between what is being offered and what clients wish to receive in the ESG space.

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Tuesday 1st October 2024
15.00 - 18.30

Compeer, who have benchmarked the UK wealth management industry for over 30 years, have highlighted that just under 40% of wealth management firms currently make a loss or return less than 10% net margin. The average net margin for the wealth management industry, as a whole for 2022, is 23%, which appears healthy.

This event will examine why so many firms are poorly performing and the practical measures they can take to improve their performance.

Operations 2024: The business case for transformation and change

Wednesday 16th October 2024
15.00 - 18.00

As firms continue to face challenges to achieve operational efficiency and scalability, Compeer will review the current state of play for the UK wealth industry and highlight where transformation is required.