Serving HNW clients: 'Advisers must take a greater deal of care'

Compared to the mass affluent, high net worth (HNW) clients may have multiple income streams, personal and commercial properties, as well as potential business interests both inside and outside of the UK. In terms of investments, they may delve into international and less traditional assets such as art and classic cars, on top of a greater focus on intergenerational wealth transfer and philanthropy. It is also important to note that the HNW individual population in the UK has surpassed 2021 levels and has reached new highs. According to the World Wealth Report 2024 by the Capgemini...