European wealth

Wealth managers enjoy exceptionally high levels of client satisfaction worldwide, yet nearly one-third of those clients are considering switching providers in the coming years. More specialized service providers are emerging as the preferred alternative.

European wealth reached unprecedented levels last year and is increasingly concentrated among families whose capital returns continue to outpace flagging economic growth during the pandemic, said a new report by a Zurich-based think tank. Luxembourg, the Netherlands and Belgium emerged as countries with the highest density of millionaires in the EU.