market Volatility has put emphasis on wealth preservation and diversification, says PWC survey
Impressive growth is anticipated in European property and real estate business across all regions, according to the PricewaterhouseCoopers Private Banking/Wealth Management survey. The annual report asked participants across Europe about 36 different products spanning banking, investment, alternatives, trust services and other high net worth services. It found the recent volatility in stock markets has brought renewed emphasis on wealth preservation and the need for greater diversification. The results show wealth managers anticipate there will be a drop-off in demand for more traditio...
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