A large proportion of ultra high net worths (UHNWs) are underserved by existing providers, one wealth manager has claimed.

David Bizer, managing partner at GCW Global Customised Wealth (GCW) explains this client segment is predominantly served by private banks, which have a number of imperfections. Their interests are “generally not at all aligned with their client bases”.

Having worked for Lehman Brothers and Nomura throughout his career, Mr Bizer certainly has an insight into the work...