November 30, 2017
The modern wealth manager must provide more than just a strong relationship with their clients. To retain their relocator clients, wealth advisers will need to have the right knowledge to satisfy their client’s international requirements and objectives.
Notably, we discovered that high-net-worth individuals under 35 are the most likely to change their wealth manager following a move abroad.
Disloyal? Unattached?
Not necessarily – many of these millennial magnates simply feel their home-based primary adviser would not be able to fully grasp the complex nature of their international aims. Interestingly, 65% of relocator Baby Boomers are not likely to change their wealth manager. They worry initiating a new relationship abroad will never match the relationship they currently have.
Find out more in our recent thought leadership report: “≠Success in ≠Relocation: The Relocation Journey.”