With family ties to Venezuela’s banking system, Julio M. Herrera Velutini serves as the chairman of an international bank with offices in Florida and headquarters in Puerto Rico. Julio Herrera Velutini stays current on topics in the banking industry by monitoring trends and developments in the financial sector. According to analysts at Mintel, one trend that’s currently impacting financial institutions is the growing interest in “robo-advice,” or wealth management advice provided online and based on algorithms instead of personal information. Mintel forecasts that robo-advising will become increasingly popular, especially among young people whose assets don’t justify a personal financial advisor. In its Financial Services Trends 2016 report, Mintel found that 45 percent of millennials already believe that robo-advice is on par with counsel from a human advisor. By 2020, Mintel expects that the top robo-advisors will be managing more than $2 trillion in assets. Mintel suggests banking providers capitalize on millennials’ comfort with robo-advice by beginning to introduce automated operations, such as cross-selling and onboarding processes.
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International banker Julio M. Herrera Velutini belongs to a banking family with a 120-year history in Venezuela. Julio Herrera Velutini has extended his family’s history with his own 15 years in banking. Those years include expanding banking services to other countries and providing new services to meet the needs of art collectors and investors. Mr. Velutini works with a Puerto Rican-based international bank that provides art advisory services through expert advisors to help art collectors and investors make informed decisions about their art purchases. Art advisors for banks typically have deep knowledge of art and art history, an article published by Forbes.com, suggests. The Art of Investing in Art profiles an art advisor for Citibank, who was hired for her position after earning a master’s degree in art history from Cambridge University. Her expertise and that of other similarly qualified art advisors give banks the credentials and credibility to advise customers on art acquisitions. Counsel typically covers the areas of art advice, which may guide connoisseurs to art suitable for their collections, art investment, and estate and philanthropic planning. Advice on art investment helps investors select art that may be used in gaining liquidity for themselves, their heirs, or the philanthropy of their choice. |
AuthorMr. Velutini has experience with both established banks and young banks. S Archives
December 2017
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