The strong secular trend where very wealthy individuals grow their wealth ahead of the growth in global GDP is set to remain in place. The demand for bespoke financial planning and wealth management services will continue to be strong. However, we anticipate that fee margins will remain under pressure as competition increases with many financial services firms expanding their presence in the wealth management market.
Julius Baer is a classic advice-driven private bank. Its advisors are completely independent and able to offer clients the investment products that best serve the the clients' needs.
Wealth management is becoming a crowded space with multiple new entrants that are putting pressure on margins.
|
Metric
|
BAER
|
DWS
|
AMUN
|
|---|---|---|---|
Price/Earnings (Normalized) | 8.38 | 9.24 | 72.74 |
Price/Book Value | 1.46 | 0.83 | 1.06 |
Price/Sales | 2.28 | 1.43 | 1.99 |
Price/Cash Flow | 6.44 | 11.78 | 9.02 |
|
Metric
|
BAER
|
DWS
|
AMUN
|
|---|---|---|---|
Quick Ratio | — | 1.07 | 0.85 |
Current Ratio | — | 1.07 | 2.03 |
Interest Coverage | — | — | 19.37 |
|
Metric
|
BAER
|
DWS
|
AMUN
|
|---|---|---|---|
Return on Assets (Normalized) | 0.96% | 3.91% | 4.07% |
Return on Equity (Normalized) | 16.60% | 5.85% | 11.21% |
Return on Invested Capital (Normalized) | — | 5.71% | 5.25% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|
BLK
| BlackRock Inc | Kssnz | $112.5 Bil | |
BX
| Blackstone Inc | Pxwzh | $85.7 Bil | |
KKR
| KKR & Co Inc Ordinary Shares | Qynmmg | $66.3 Bil | |
BK
| Bank of New York Mellon Corp | Pvh | $37.5 Bil | |
AMP
| Ameriprise Financial Inc | Ytbwbp | $36.1 Bil | |
TROW
| T. Rowe Price Group Inc | Xbcvr | $22.9 Bil | |
STT
| State Street Corporation | Ywknq | $22.8 Bil | |
NTRS
| Northern Trust Corp | Bth | $16.6 Bil | |
CG
| The Carlyle Group Inc | Zrhrcr | $12.7 Bil | |
BEN
| Franklin Resources Inc | Yvpydgc | $12.7 Bil |
