A recent report shows that the crisis in Europe has created opportunities for private wealth clients and the financial professionals who manage their assets.
“Many people who are lower- and middle-income really are taking a big risk if they do not annuitize to some extent — a risk of basically running out of money,” he tells the FT‘s John Authers.
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According to Khaled Sifri of Emirates Investment Bank, MENA's new private wealth client is an entrepreneur versed in company growth and attuned to investment banking deals.
How can wealth managers adapt their value proposition and business models to meet the needs of a new generation of clients?
Scorpio Partners founder Sebastian Dovey believes the growth of private wealth business calls for a change in the traditional relationship model and that private bankers need to ask themselves, “How good is my digital strategy?”