Risk
European wealth managers predict tougher suitability regulations
Most feel they will be pressured to pay compensation for failing to understand clients’ risk profiles
Mena advisers call for improvements to client risk assessments
As 54% expect industry professionalism to increase dramatically over the next 5 years
Greater Bay Area wealthy demand more sophisticated advice
ESG and crypto feature strongly among risk-seeking rich investors in the region
The rise of risk management in financial advice
It has become a ‘defined function’ within smaller firms ‘not just bigger institutions’
Investors ‘compelled’ to allocate more to high-risk assets
But most younger clients say performance impacts their mental health