This week I was in meetings in Geneva, the original home of the wealth management business. I am told 10% of the world's wealth is either resident in, or managed actively out of Geneva. That's an outstanding number for this small city on shores of Lac Geneva and the Rhone, sandwiched between the Alps and the Jura. But it makes sense, given past history and continuing trends. Past history is obvious. What's interesting are the two continuing trends. One, the government allows individuals moving in to negotiate and setup their own tax rates - driving wealth migration. Two, scale drives continuing growth - increasingly in a world that requires serious underlying technology infrastructure to deliver the right CRM solutions, the barriers to entry are up. Still other geopolitical/religious factors can transcend these barriers, case in point, Dubai - which I plan to visit sometime this year.
Most of these posts are written from airports between check in and flight boarding times. I fly about two airplane flights a week with at least 30 mins of wasted time in the checkin to board process. That's more than two full days per year in time that could be put to better use. This is written in reclaiming some of that time. Enjoy
