LGBT+ investors may need to adopt a different wealth strategy to heterosexual investors, according to a report by the UBS Chief Investment Office (CIO), which investigated attitudes in the US, UK, Switzerland, Singapore and Hong Kong.

Standard wealth management approaches that do not take into account different legal, demographic, and economic factors could increase the risk that LGBT+ individuals fail to achieve their financial goals.

In a prior report, UBS Chief Investment Office (CIO) concluded that excluding people based on their sexual or gender orientation is bad for economic prosperity. For example, LGBT+ persons may...