Happy New Year, everyone! Let’s look at what’s on in 2024 for trends in wealth management for very wealthy people. Exciting innovations and shifts are on the horizon. This year promises new opportunities and challenges. Let’s dive into what we can expect.
Smart Investing
This year, we use advanced technology (AI) to create personalised investment plans for our wealthy clients. It’s about combining technology with our experience to give the best advice.
Growing Green Investing: Investing in eco-friendly businesses is slowly becoming more popular. We choose investments that are good for the environment and also good for making money.
Total Wealth Care
We do more than just manage money. We help arrange for the future, ensuring wealth lasts for a long time.
Global Strategy: The world is constantly changing, especially in politics and economics. We make unique plans for our clients to benefit from these changes.
Safe and Secure: We play a crucial role in keeping our clients’ money and private information safe. We use the best security measures to protect against online dangers.
Here’s to a year full of new ideas for trends in wealth management, careful growth, and the best service for managing wealth. We are excited to work with our very wealthy clients in 2024.
Looking back: which 2024 trends held?
A look at these predictions with some distance shows which trends proved durable for ultra-high-net-worth clients.
| 2024 trend | How it developed |
|---|---|
| AI in investment planning | Became a practical tool for research, reporting and client communication; advice remains human |
| Green investing | Matured: less marketing, more focus on data, regulation and measurable impact |
| Total wealth care | Grew in importance, with succession, philanthropy and family governance on the agenda |
| Global strategy | Became essential as clients spread assets across several financial centres |
| Security | Cybersecurity and data protection moved from IT topic to board-level priority |
What UHNW clients expect today
- One coordinating adviser across banks, jurisdictions and asset classes.
- Consolidated reporting that shows the whole picture, including private markets.
- Transparent costs in CHF, not only in percentages.
- Next-generation involvement, long before a transfer of wealth.
- Resilience, from multi-banking to clear succession at the advisory firm itself.
Why independence fits these trends
Most of these expectations favour advisers who are free to choose banks, products and specialists. Independent wealth managers can coordinate several custodians and add external experts where needed, which suits the complexity of UHNW wealth.
Read more: UHNWI Client Services in Switzerland and Family Office vs Independent Wealth Manager.
Want to know more about client-first wealth solutions? Read about it here.
Source: Linkedin
Related: What is a UHNWI? and UHNWI vs HNWI.
Source: https://vapa.ch/new-trends-in-wealth-management-for-uhnwi/ · vapa.ch
