Helping wealthy clients, especially younger ones, make a social impact and providing them with credit, holistic advice and digital access to services represent major opportunities for wealth managers, according to the 2015 World Wealth Report.
Theres a huge opportunity for wealth managers to provide advice and services around social impact, says William Sullivan, global head of market intelligence for Capgemini Financial Services, which co-authored the report along with RBC Wealth Management. Over 90 percent of high-net worth individuals say its important to spend time driving social impact. But we found theres a gap between the support theyre getting and what theyd like to get, especially among younger clients.
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