New sources of value in managing wealth 

57% believe diversifying away from traditional asset classes is their main investment opportunity.

Action points

• Review how the assets in your client portfolios are likely to perform in a period of sustained high inflation. Which asset classes offer protection against inflation?
  
  
• Consider blending assets that are likely to perform well in an environment of rising interest rates as central banks seek to rein in inflation.
  

85% say search for better yields or enhanced investment returns as the main reason for making allocations to illiquid assets.

Action points

• Determine the private markets allocations most appropriate for client portfolios, compare potential benefits against client objectives, including liquidity.
  
  
• Consider the benefits and drawbacks of different private markets assets and how they can improve diversification and potentially reduce risk.

78% say their priority over the next two years is to improve client experience.

Action points

• Review your operational framework regularly to ensure it continues to be fit for purpose and supports your client service objectives.
  
  
• Regularly review your third-party providers to ensure they continue to meet your needs and are offering value for money.

Only 20% of respondents believe strengthening their exposure to ESG investments will enhance opportunities to generate active return.

Action points

• Use data and insights that provide evidence of meeting sustainability commitments for your clients and for regulators.
  
  
• Improve transparency and provide clients with a clear view of your investment process and the holdings in your portfolios.