Financial advisors need to continue demonstrating value to their clients. That requires their value proposition evolve to keep pace with market trends, changing demographics and business priorities.
In addition to affluent expats, the very wealthy have taken notice of the many advantages the UAE offers. Dubai in particular has become a magnet for ultra-high-net-worth individuals.
High-net-worth individual are looking for a new home for their families. This is an opportunity for culturally attuned advisors to serve this clientele.
In nations where bank transfer problems persist, being able to steer investors toward products that accept credit card payments or crypto currencies, can present financial advisors as responsive and resourceful.
New EU Insurance Distribution Directive Requires More Scrutiny of Insurance-Based Investment Products
Investment advisors serving in European Union markets must now comply with the new “Insurance Distribution Directive.” Here are some key points to keep in mind.
The wealth management industry is experiencing various trends globally. There are also dynamics which are more heavily felt in certain regions. Australian wealth managers should take note of those factors with particular relevance in their nation.
One of the most effected industry sectors in the global talent shortfall will be the financial industry. Not addressing it proactively can place a firm in jeopardy in the long run.
For financial advisors with business owners among their clients, it’s important to provide clear direction on the value of integrating personal and business financial plans. Not doing so often results in unnecessary risks to the client’s personal assets and business.
For the most part women investors remain largely underserved, despite controlling a large amount of global wealth. They represent a huge opportunity for wealth managers who approach them the right way.
While it may be hard to imagine earning $100 million and then having to file for bankruptcy, it happens more frequently than it should, particularly for the suddenly wealthy. Wealth advisors have an opportunity to help this vulnerable group.