They say one must wear many different hats in order to be successful. Those who can adopt numerous roles are often those best prepared to tackle unexpected situations. 

Our upcoming paper ‘The Many Hats of the Modern Wealth Manager’ explores this very concept. We began by asking 604 European HNWIs from six different countries about their reliance on wealth managers when making financial decisions. For almost half of these HNW individuals, their wealth manager is the most trusted opinion in the room – even more than spouses.  As a result of this reliance, wealth management advisors must ensure they act as clients’ guiding lights, offering advice built in accordance to who each client is as an individual.

The key to wealth management success, then? The modern day wealth advisor must have access to five specific ‘hats’ – the Counsellor’s hat, the Teacher’s hat, the Architect’s hat, the Navigator’s hat, and the Technician’s hat. 

Stay tuned. Next week, we will tell you all about wealth managers’ hats in our freshly written report.

 

UPDATE : download our newly released report  ” The Many Hats of the Modern Wealth Manager ”  !

If you cannot wait to dive into our upcoming research, have a read of our last report “Success in Succession: Life Assurance in the Context of Wealth Transfer”.