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Barclays wealth

Viewing failure positively – the key to economic growth?

November 12, 2012

The rich must be reading all those books about the power of positive thinking. According to a new study, the majority of wealthy people reckon viewing failure positively is essential for economic growth.

Three-quarters of the 2,000 respondents for a Barclays Wealth study said embracing failure was important for an economy to grow. Interestingly, an average 83% of respondents in the Middle East and Asia believed in accepting failure and moving on. But the figures dropped to around 70% in the US, the UK and Europe.

Diamonds are a rich person’s best friend

June 12, 2012

Rich people across the world hold about 10% of their wealth in treasure assets, such as art, antiques and classic cars – with jewellery proving most popular.

That’s the main finding of a study by Barclays Wealth, released 11 June, which said that amid market turmoil, investors are looking for tangible and familiar assets.

Gender still influences decisions over family business inheritance

February 1, 2012

The gender of next-gens is more important than birth order or financial needs to many wealthy parents who are faced with deciding who will inherit the family business.

That’s according to a study by Barclays Wealth, which found that gender was ranked as even more important than the child’s willingness to take over a business.

Indian family businesses prefer professional managers to next-gens

January 17, 2012

The owners of Indian family businesses are looking beyond the next generation to non-family professionals when it comes to appointing new managers, according to research from Barclays Wealth.

Nearly seven in 10 respondents to the study, carried out by research firm Dun & Bradstreet, said they prefered hiring independent professional managers for leadership roles, rather than their relatives.

Next-gens ‘need to understand value of money’

November 22, 2011

Next-generation members need to show an understanding of the value of money if they are to gain their parents’ trust and inherit their family’s fortune, according to Barclays Wealth’s Catherine Grum.

Barclays Wealth creates new UHNW role

August 16, 2011

Barclays Wealth, the UK’s largest wealth manager in terms of assets under management, has hired John Derrick for its ultra-high net worth unit.

A spokesman for Barclay’s wealth management arm said that Derrick has been appointed as director of ultra-high net worth and family office business of the London-based bank.

“It is a newly created role to expand our UHNW team and build on our existing business. Derrick will work with clients worth more than £50 million,” the spokesman said.

Family businesses “well-positioned” to ride out economic downturn

March 2, 2009

A new report has given further backing to the family business model suggesting that privately-owned family businesses have leadership values and particular characteristics which may position them well to ride out the economic downturn.

In particular, family businesses are less likely to thrive on risk and to enjoy "making money" compared to non-family businesses say the authors of "Family Business: In Safe Hands?", which surveyed 300 family businesses from all over the world.