Wealth managers will need to adapt faster than ever amid unprecedented levels of volatility and global uncertainty that is changing the way people invest in uncertain times, according to the 2023 EY Global Wealth Research Report.
The report finds younger investors more likely to switch into active investments during volatility, with 50% of respondents increasing allocations compared with 22% of baby boomers. The detailed survey recorded the views of more than 2,600 wealth management clients across 27 geographies.
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