IFA workload likely to grow as HNWI disease spreads

For all the jokes about pandering to High Net Worth Individuals, asset managers, full-service stockbrokers and, above all, financial advisers may be onto something according to the latest Merrill Lynch and Cap Gemini Ernst & Young survey into the world's richest people The 2002 World Wealth Report says that HNWIs grew in number both in the UK and around the world in what was otherwise a year of global economic contraction spurred on by the events of 11 September in the US. Although the rise in numbers of wealthy individuals was the slowest since the survey was started in 1997, ...