Chart of the day
It's all about advisory
Where do wealthy individuals across Europe and Asia invest?
In its 2023 survey of 3,000 mass-affluent to ultra-high net worth clients across Europe and Asia, technology platform Avaloq found that the most popular method of investing was through advisory services.
(NB: each respondent was allowed to vote for more than one option).
As Martin Greweldinger, co-CEO of Avaloq noted:
As investors become more sophisticated and demand for tailored investment solutions rises, private banks and wealth managers are strengthening their advisory and DPM offerings to differentiate themselves in a crowded market.