GCC Wealth Managament
September 15, 2014
Wealth management has undergone a significant change since the onset of the financial crisis. GCC region’s Ultra high net worth and High Net Worth investors have traditionally booked much of their investments outside the region in order to diversify. They are assisted by wealth managers registered in the traditional financial centers of Geneva, Switzerland and London. Private banking is the name of the game when it comes to dealing with UHNWIs of the region and the expectations about performance fees charged has also changed since the financial crisis. The GCC wealth management industry is constantly evolving. Following the financial crisis, putting the client`s need on the forefront and matching client’s risk tolerance with investment products has achieved increased prominence.