Released on: October 23, 2008, 4:32 am

Press Release Author: Rekha Vatsa

Industry: Financial

Press Release Summary: FSOkx held The 5th Annual Summit of Asset and Wealth
Management on Sept 23, 2008, in NY. The speakers offered several significant
insights and some serious solutions to aid financial service providers.

Press Release Body: The 5th Annual Summit of Asset and Wealth Management held by FSO
Knowledge Xchange successfully concluded on Sept 23, 2008.in NY, Presided by 16
speakers and panelists with three centuries of collective financial markets
experience, it offered several significant insights and some serious solutions to
aid financial service providers who need new strategies to survive and prosper in
global financial world.

A key takeaway was that the high-net worth individual (HNWI) sector remains
profitable, despite the current global turmoil and downturns in virtually all
financial markets.

Another takeaway was that both, the number of HNWIs in the world, and the value of
their investments have increased every year, over the last 12 years. At the end of
2007, 10.1 million HNWIs held $40.7 trillion worldwide. HNWIs' assets are
conservatively expected to grow 7.7% annually to $59.1 trillion by 2012.


Further, one can be neatly described in a noteworthy sound-bite: "Wealth management
is risk management". Risk, in addition to survival, is now one of two major concerns
of both classes of investors. HNWIs are now worried about having enough money to
maintain their life styles than about their returns; while asset managers are
worried about losing assets than they are about their rates of return.

Several speakers covered the impact of secular trends - early retirement by baby
boomers, umpteen complex investment vehicles, the continuous growth of outsourcing
that now encompasses both the back and middles offices, and new ways to think about
using outsourcing. A general conclusion was that the front office while making
decisions on offering new, innovative products and trading new instruments consider
and include the middle and back office operational insights.

The number of separate asset classes has doubled from 34 less than a decade ago to
68 today. Volatility, for example, that can be secured with exchange-traded and OTC
future, options and forwards, is gaining an important place in sophisticated
portfolios. This growth engenders a compelling need for better valuations and
control of the new asset classes.

It also argues for an all-in accounting system that is now possible using one of the
comprehensive portfolio management systems described today that can combine both
captive and outsourced back and middle office operations.

The all-day session closed with a presentation of risk management in an age of
structured products that morphed into a trenchant discussion of the current US real
estate market. It concluded with the simple realization that the current crisis will
not abate until US housing prices stabilize.

Attendees, panelists and speakers all left with a better understanding of many
current financial problems and prospects. Access to the topics, insights, ideas,
tactics and strategies presented at The 5th Asset and Wealth Management Summit is
available at
http://www.fsoutsourcing.com/aspxForms/FSOChannels/Events/FSOSponsoredEvents.aspx


Web Site:
http://www.fsoutsourcing.com/AspxForms/FSOChannels/Resources/PressReleases/ShowPressRelease.aspx?PressRelease=/AspxForms/FsoChannels/Resources/PressReleases/HTMLs/PressRelease-43.html


Contact Details: FS Outsourcing
Rekha Vatsa
208 Shepard Way
Manalapan, NJ 07726
US
Phone: +1.7324623763
Email: