The UK's high net worth population is becoming increasingly attracted to the idea of investing ethically, as well as seeking more personalised service levels, Consultant Datamonitor says in a new report.
The UK High Net Worth Customers 2005 report highlights a 12% growth in the number of HNWIs last year - or those with more than £200,000 in liquid assets – to a total estimated at 916,000 people and forecasts that number will hit 1.3 million people by 2009. Private banks and others looking to grow their own customer base as a result will have to recognise issues such as the environment are playing an increasing role in financial decisions, suggests Datamonitor. There has also been a shift in the type of SRI issues being considered as research suggests SRI is no longer about cigarettes ...
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