Advisers in the high-net-worth (HNW) space seeking to build out long-term growth plans are likely to find alternatives to be a key part of the puzzle, according to Praemium’s head of private wealth.

Speaking at a webinar hosted by the Stockbrokers and Investment Advisers Association (SIAA) this week, the platform’s head of private wealth, Matt Walsh, unpacked key trends shaping the future of private wealth management and advice, drawn from its research with CoreData.

Surveying practices’ approach to growth in the next five years, taking economic concerns aside, he noted the majority (90 per cent) of HNW advisers have growth plans in place for their business, with 27 per cent possessing “detailed, structured roadmaps to guide their growth expansion”, Walsh said.