Regulatory changes will encourage asset flows to the US, says data and analytics firm GlobalData.

As a result, the firm is advising investment managers to rethink their portfolio diversification strategies for their high net worth (HNW) clients.

GlobalData’s latest report, 2019: Trends to Watch in Global Wealth Management, finds that the US is likely to continue to grow as an offshore centre as it does not participate in the OECD’s common reporting standards (CRS).

These will see the vast majority of committed countries exchange information under the Organisation for Economic Co-operation and Deve...