Advisers ‘can play a critical role’ in a bid to help educate clients
Client financial education has been one of the biggest problems in the UK for a number of years and research shows that it also an issue in Asia.
Quilter International surveyed 107 high net worth (HNW) individuals across Hong Kong and Singapore and found 47% believe their greatest concern is a lack of financial knowledge about managing their wealth.
Despite this, 53% across both regions want to be actively involved in managing their wealth, meaning that they are part of the decision-making process and are informed about why actions are being taken.