Forget the ‘young and dumb' stereotype, the rich under 40s are likely to be fussier than their parents about who they take financial advice from, and what they expect from an adviser, according to the latest research.
A little over a quarter of Europe's high net-worth individuals (HNWIs) under the age of 40 believe recommendations from their wealth management firm have not been in line with their risk tolerance, according...
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PARTNER INSIGHT: For many advisers, outsourcing to a multi-manager or discretionary fund manager makes sense, allowing them to focus on the adviser-client relationship
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An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client