Italians tend to be loyal to their banks, financial institutions and asset managers, which is making it hard for the financial advisory sector to stick in the country.
But a recent European directive, known as DAC6, will require both intermediaries and clients to report cross-border transactions involving at least one member state.
This could push the sector further, as the need and demand for tax and financial planning could soar, potentially, overnight.
Click here to read more about Italy’s financial advisory market.
