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HNWIs in SE Asia cite lack of financial knowledge as greatest concern: report
A new report from Quilter International, released today, reveals that close to half (47%) of high net worth individuals (HNWIs) across Hong Kong and Singapore cite a lack of financial knowledge about managing their wealth as one of their greatest concerns.
Despite this, over half (53%) of HNWIs across both regions want to be actively involved in managing their wealth meaning that they are part of the decision-making process and are informed about why actions are being taken rather than actually performing transactions or fund research.
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This highlights an opportunity for wealth managers and financial advisers to educate and empower HNWIs so that they can make better informed decisions about their wealth.