Wealth managers need to be proactive in providing guidance to engage high net worth (HNW) clients in their allocation strategy and boost retention rates otherwise it could lead investors to switch advisers, research from the 2017 Global Wealth Managers survey by data and analytics company, GlobalData has revealed. 

With the recent market volatility and growing political uncertainty worldwide, investors are now unsure on which asset class to choose to rebalance their portfolios, and therefore stick to their current portfolio structure. Therefore advisers need to provide well-designed education programs to their clients in order...