The future of an independent asset manager depends not only on smart investment decisions, but also on well thought-out succession planning, writes Markus Angst in a guest article on finews.ch. Those who ignore this issue are not only risking their own success, but also the trust of their customers.
Read the full article at finews.ch.
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The war in Iran is currently dominating global stock markets. According to the latest Aquila Wealth Managers Index, independent asset managers in Switzerland have therefore become significantly more pessimistic for the current year.
Since the end of February, the conflict between the USA, Israel, and Iran has been escalating. Attacks on energy facilities and the blockade of the Strait of Hormuz are leading to massive oil and gas shortages on the world market.
Last Saturday, the USA and Israel attacked civilian and military targets in Iran. Ayatollah Ali Kamenei, the Iranian revolutionary leader, was killed in the attack. The Iranian government has announced 40 days of national mourning.
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