As rising mortgage rates place increasing financial strain on households, many high net worth individuals (HNWIs) in the UK are stepping in to provide significant financial support for their adult children, according to new data from the Saltus Wealth Index Report.
The survey of over 2,000 people with investable assets of £250,000 or more revealed that 79 percent of HNWIs are offering financial aid to their adult children, with 23 percent helping...
Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@eprivateclient.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAMeprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.
Read more
