Awards

The Best Private Wealth Management Company category recognizes & empowers the best private wealth managers and wealth management companies in the Middle East region.

Banks have always spearheaded & managed the wealth of most of the top HNWIs & Family-owned businesses. This category recognizes the Bank’s efforts to manage the wealth of most of the UHNI’s & institutions.

The leading wealth tech adopter of middle east categories spotlights the best technologies adopted by wealth management firms across the entire middle east region. It is a technology-focused category recognizing the top-notch technologies & new tech benchmarks set by wealth management companies.

The Outstanding digital customer experience of the middle east 2022 showcases the best-in-class digital customer experience from wealth management firms across the middle east, in the world where the entire world along with business, transactions also went digital and so did the customer experience. This category would unveil the best digital customer experiences.

The last couple of years were quite challenging for Banks, Wealth management companies & consumers as well. This caused numerous innovations in processes, technology & financial products. This category aims to recognize & motivate wealth managers & firms to strive better & make more efficient strategies for an exceptional future.

Ease of use or a hands-off experience, ease of connections to a bank account, asset allocation, portfolio rebalancing, and tax optimization are key considerations, as well as offering proprietary and diverse portfolio options. This category is awarded to the institution with the Robo Advisory and AI Investment service providing the best options for clients with high balances.

Family offices provide a broad spectrum of private wealth management services to one or a small number of ultra-high-net-worth families. Besides financial services, family offices can provide various kinds of planning, charitable giving advice, concierge services, and other comprehensive services. This category is awarded to the institution offering the best services to Family Offices through a range of data, analytics, and reporting, and Investment, including Stewardship, Securities Services, and Wealth Management.

In recent years, the Wealth and Asset Management industry has seen a shift towards outsourcing back and middle office operations at large broker-dealers as firms recognize the value in third-party vendors and the competitive advantage, they may gain over low-cost fintech firms by moving operations externally. As the industry continues to evolve, third-party vendors have begun to provide firms the opportunity to outsource parts of their investment platform functionality such as account and cash management, client billing, trade matching, and confirmation.

In wealth management, CLM covers the full end-to-end journey of an investor or institution – a lifetime journey shepherded by a Relationship Manager (RM), encompassing a litany of critical processes, and reliant on interactions with various departments across the firm.

Portfolio management can be explained as the process of managing individuals’ investments so that they maximize their earnings within a given time horizon. Furthermore, such practices ensure that the capital invested by individuals is not exposed to too much market risk. This category is awarded to the institution offering capital appreciation, allocating resources optimally, risk optimization, and protecting earnings against market risks.