Discretionary portfolio management — is it catching on?

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In short, yes—but is adoption reaching the levels private banks hope for, and what is driving this growth?  Demand for discretionary portfolio management (DPM) surged in 2025, with some private banks nearly doubling AUM as clients sought stability amid market volatility. Strong pipelines and resilient client appetite suggest momentum will continue into 2026, according to conversations with DPM heads in…

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