A Note From Our CEO

Catherine Keating

Over the past year, our team of experts has harnessed our company's centuries of experience to devise a framework that will help you sustain your wealth over this new decade and beyond.

To Our Clients and Friends,

As the calendar turns to a new year and a new decade, I am reminded of an insight from Bill Gates: We tend to overestimate the change that will occur in the next two years and underestimate the change that will occur in the next 10.

Reflecting on that insight, we at BNY Mellon Wealth Management believe that many in our industry have underestimated the impact of two gradual but significant developments of the past two decades. The first is the shift in retirement benefits from company-provided pension plans to employee-funded savings plans, which has made each of us primarily responsible for our own financial future. The second is the synchronized aging of the population in the world’s largest economies (Europe, China, Japan and the United States), which we believe will lead to incrementally lower economic growth and market returns in the future. Taken together, these two developments have profound implications for successful wealth management. Read more about our 2020 Investment Outlook here.

Active Wealth 

At BNY Mellon, we have not just decades but centuries of experience in advising wealthy families. Over the past year, our team of experts has harnessed that experience to devise a framework that will help you sustain your wealth over this new decade and beyond. We call it “Active Wealth.” And we know that it works. It offers you a customized strategy across five essential practices: investing, spending, borrowing, managing taxes and costs, and protecting your legacy. We have also worked with our technologists to build a tool that can model the impact of your choices in each of these five practices.   

Good Advice Makes a Difference

The premise of our Active Wealth approach is simple: Good advice makes a difference. We can’t predict exactly what this new decade will hold, but we (with a nod to Bill Gates) do not underestimate the power of these practices to help you be more successful. We are here to help you with a personalized plan. Our industry tends to spend a lot of time making predictions about things we do not control (markets, interest rates, inflation), but too little time on the actual practices that can determine whether or not you are successful. We aim to strike a new balance for this new decade.    

Thank You

Thank you for the trust and confidence you place in us every day. We are committed to continuing to earn it. We look forward to this new year and the privilege of actively managing your wealth together.

 
Catherine Keating
Chief Executive Officer, BNY Mellon Wealth Management
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