High net worth individuals seek alternative asset advice

Two thirds of the UK's high net worth individuals are interested in receiving advice on financial matters not covered by typical asset managers, according to research by Arthur Andersen. Some 67% of those polled said they were interested in advice on financial assets as well as financial planning for life events. David Logan, an asset management partner at Arthur Andersen, said this is a market which has traditionally been dominated by private banks and brokers offering asset management services. He said: "These clients still tend to go for a discretionary service rather than going via a...