CGWM CEO Esfandi: 2019 will 'sort the strong from the weak' in wealth management

Bearish outlook will push some players out of the market

Mike Sheen
clock • 3 min read

Canaccord Genuity Wealth Management (CGWM) CEO David Esfandi has said a bearish outlook brought about by rising US interest rates, trade tensions and other macro issues has left investors facing a period of lower returns and higher volatility, which will "sort the strong from the weak" in wealth management and push some players out of the market.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

'Too many unknowns' to make private markets systemic risk call

'Too many unknowns' to make private markets systemic risk call

House of Lords report

Patrick Brusnahan
clock 09 January 2026 • 2 min read
FCA sets October 2027 date for cryptoasset rules implementation

FCA sets October 2027 date for cryptoasset rules implementation

Issues further guidance

Michael Nelson
clock 09 January 2026 • 1 min read
UK to loosen financial benchmark regulation

UK to loosen financial benchmark regulation

90% less regulated benchmarks

Patrick Brusnahan
clock 18 December 2025 • 2 min read
Trustpilot