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Mass affluent sector a potential goldmine for wealth managers
Ist Teil von
Professional Wealth Management, 2022-11, p.6
Ort / Verlag
London: The Financial Times Limited
Erscheinungsjahr
2022
Beschreibungen/Notizen
The UK government's recently proposed tax cut for its richest segment of citizens - which was soon reversed - may suggest so-called 'ultra' high net worth (UHNW) individuals have the greatest long-term buying power in a society troubled by a series of economic crises. [...]only players with a premium brand or strong investment banking capabilities have been able to profitably grow in the highest wealth band segments, as the UHNW market as a whole is both hard to scale and highly competitive." [...]the number in this UHNW segment surged more than 50 per cent over the two-year period.