product shortage forces High-net- worth individuals to create their own portfolios
Products and services on offer from private banks and private client investment managers still fail to attract most of the target market, according to Market Dynamic Research and Consulting's (MDRC) report on the UK high-net-worth (HNW) market. Richard Williams, managing director at MDRC, said: "HNW individuals are changing their aspirations and expectations. More individuals are now seeking improved investment performance and are questioning the value derived at many wealth managers. Despite the introduction of a wider range of wealth management products, HNW individuals remain largely...
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