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UBS clients indicated in a survey that they feel guilty about their wealth during the pandemic.
That's pushing more to show interest in charitable donations, UBS's head of US wealth said.
It's a dimension of client sentiment informing the next generation of financial advisors, he said.
If there was any doubt that the world's richest have successfully weathered the pandemic's economic wreckage as wealth inequality has grown, results from a new UBS client survey should correct the record.
"Emerging from the pandemic with their wealth largely intact, investors feel appreciative of what they have — but two-thirds feel guilty about their prosperity," the Swiss bank said in a report published Wednesday that gauged sentiment among 3,800 investors with at least $1 million in investable assets.