The goals of Australia’s wealthy have not changed but 2020 has been a lesson for many.
Crestone’s inaugural 2019 State of Wealth Report revealed that high net-worth (HNW ) individuals are not always sophisticated investors, often classified as risk-adverse risk takers and have typically focused on retirement and succession goals. This year’s edition of the report has seen all of these points to be true.
However, there are a few caveats.
This year’s research has seen dramatic shifts in key areas.
The COVID-19 pandemic led to many revaluating their situation and we’ve seen changes in investing behaviour and wealth management. There is a bigger focus on:
- Diversification
- Philanthropy
- Sustainable investing
- increased uptake of professional financial advice.
For the latest insights on Australia’s high net worth individuals (HNWIs) and ultra-high net worth individuals (UHNWIs), complete the form below.
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CoreData Clients
CoreData Clients are studies that were undertaken with the help of CoreData Research. These research cover a broad range of topics.
