Keep pulling the thread on John Mathews.
UBS is the world's largest global wealth manager, managing over $4 trillion on its wealth platform and over $6 trillion including its asset management company.
John Mathews predicts that women will control over 50% of the wealth in the United States within seven years, up from 33% today, due to wealth transfers from the baby boomer generation.
John Mathews believes the allocation to alternative investments for private wealth clients should be 20%, and notes that the UBS CIO is calling for an even higher allocation.
The period of quantitative easing and near-zero interest rates over the last 15 years caused wealthy clients to accumulate significantly more wealth at a faster rate.
UBS manages $2.1 trillion of wealth in the United States, making it the fourth largest wealth manager in the country.
UBS is the largest wealth manager in Asia, Latin America (following the Credit Suisse acquisition), and the EMEA region.
Just under 60% of UBS's assets in the United States are from ultra-high-net-worth clients, which has been the firm's fastest-growing client segment for the last 15 years.
John Mathews predicts that 2025 will be a tough year for markets and a time to reset client expectations after strong returns in previous years.
Approximately 60% of the wealth in the United States is held by the baby boomer generation.
John Mathews predicts the next five to ten years could be the greatest period in the financial advisory industry's history due to the large-scale wealth transfer from baby boomers.
The allocation to alternative investments in UBS's private wealth business is currently about 8%.
A slowdown in private equity exits, such as IPOs and acquisitions, has caused a shift in investor demand toward perpetual funds, late vintage funds, and liquid alternatives.