Wealth industry missing out on $230bn opportunity in lower HNW and affluent segments

Morgan Stanley and Oliver Wyman report

Valeria Martinez
clock • 2 min read

The wealth management industry is now able to profitably tap into the $230bn revenue pool in the lower high-net-worth (HNW) and affluent segments, a new report by Morgan Stanley and Oliver Wyman has found.

According to the latest Morgan Stanley and Oliver Wyman global wealth and asset management report, entitled Time to Evolve, for over a decade many wealth managers have put their growth focus on the ultra-high-net-worth and higher-net-worth segments and so have not prioritised less wealthy clients. Facilitated by the digital transformation, wealth managers can make financial advice and investments accessible to a more diverse client base at lower, differentiated costs, with clients being able to pick and choose their own personalised solutions. "The wealth industry is on the cusp of th...

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