conscious uncoupling...it's not just for Gwyneth. an article from today's The Daily Upside caught my 👁 -- Barclays Wants to Ditch Thousands of its Clients. "...sometimes less is more. but that usually applies to butter on pancakes not investment banking ledgers. still, according to a new report from the Financial Times, Barclays is considering a Marie Kondo approach to its investment banking business, with the unorthodox route of dropping thousands of clients. but in this case, decluttering is about sparking joy — and cutting costs and boosting profits." Barclays has been stuck in something of a rut. the bank is veering toward a conscious uncoupling from nearly a quarter of its least-profitable clients in the investment banking division, which has become the bank’s biggest unit. Thanks to current regulations that require banks to hold equity against risk-weighted assets (RWAs), it’s a move that could equate to addition by subtraction. #amlaw100 are you watching? do you undertake an annual assessment of your least-profitable, silo'd, conflict-causing or other problematic clients? do you take steps to have a service-centered and transparent conversation with those clients, and perhaps break up? yes, this exercise/market segmentation is painful, especially in a down economy. yet...quoting perennial favorite David Maister and bastardizing Warren Buffet and Charlie Munger (may he rest in peace), strategy is deciding whose business you are going to turn away. do law firms have the courage to turn away business? do they have the confidence to tell paying customers that they are not right for them? Maister again "not only should you do that, but the ONLY way you can achieve strategic distinction is to do that." in my experience, boutique and regional firms have stronger flex on this front. that is why some of those firms are kicking ass in contrast to the economic performance of the [sometimes] hollow middle of Big Law. interested in the how? contact me for a conversation. I promise to let you get a word in edgewise. 😂 #stage #strategyandthefatsmoker #execution #powerofno #customerservice

Further reading... Being Real Estate and Real Assets one of the most relevant asset in any portfolio, crossing all continents and every wealth managers, it is relevant the concerns re the possible correction of its value in the next 12 month. We at AFN PROPERTIES are monitoring the performance of our clients assets in Portugal, foreseeing the behavior of the market in the next future, and we are confident! Please do not hesitate to DM or visit www.afnproperties.com for further support. #investinportugal #portugalrealestate #realestateinvestments #uniqueproperties

Main concerns of family offices in the next 12 months are a major geopolitical conflict, inflation and interest rates. Learn more about their mid-term concerns and regional variations in the latest UBS Global Family Office Report: http://from.ubs/6045YUECv #GFO2024 #shareUBS

Kudos to Jamie Dimon (JPMorgan Chase & Co. overall) for standing his ground when it comes to #inclusion, but please don’t exclude #neurodivergent employees and job seekers when reaffirming this position. For too long - and still too often - this talent pool is overlooked. #CompetencyBasedHiring isn’t about quotas. Let’s collectively do better. #InclusionForAll #AccessibilityMatters #HiringStrategies #AutismAtWork #NeurodiversityAtWork #Accommodations #GoodForOneGoodForAll

What are family offices most concerned about? Main concerns of family offices in the next 12 months are a major geopolitical conflict, inflation and interest rates. Learn more about their mid-term concerns and regional variations in the latest UBS Global Family Office Report. https://lnkd.in/dDT5FnPv #GFO2024 #ShareUBS https://lnkd.in/dFbZxfK4

If you have an interest in private markets, the UBS quarterly private market update is a fantastic piece that provides insight into market trends, deal activity, historical returns, and much more. #UBS #PrivateMarkets #AlternativeInvestments #PrivateEquity

What are family offices most concerned about? Main concerns of family offices in the next 12 months are a major geopolitical conflict, inflation and interest rates. Learn more about their mid-term concerns and regional variations in the latest UBS Global Family Office Report. https://lnkd.in/enWtSJg7 #GFO2024 #ShareUBS https://lnkd.in/eapjdEEk

What are family offices most concerned about? Main concerns of family offices in the next 12 months are a major geopolitical conflict, inflation and interest rates. Learn more about their mid-term concerns and regional variations in the latest UBS Global Family Office Report. https://lnkd.in/ew6Gbr2z #GFO2024 #ShareUBS https://lnkd.in/ey5Pc48n