February 15, 2018
As international relocation becomes a lifestyle for high-net-worth individuals, wealth managers must adjust to the needs of these global jet-setters. Our most recent research involving 770 wealthy individuals found that only 8% of relocators felt their wealth managers were helpful in the process.
As a result, 41% of millennials would have no reservations about changing to a new wealth firm following a move. The main reasons being the perception that their current wealth manager would not understand their international financial needs and that the digital services on offer would not enable them to manage wealth remotely.
By understanding the needs of various client demographics such as Sunseekers, Entrepreneurs and Travellers, the products and services offered can be expanded to meet their essential international requirements.
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