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From Komfie Manalo, Opalesque Asia:

The financial industry is changing its landscape with advisors finding it difficult to compete with the top 20 financial institutions that are in control of the majority of high net worth assets. But a study by the Investment Management Consultants Association titled "The Future of World-Wide Wealth Management," and written by Sebastian Dovey claims that the scenario also offers an opportunity for financial advisors who can adapt with the changing landscape.

IMCA is a Denver, Colorado-based wealth management and investment consulting firm.

According to Dovey, these changes are forcing suppliers to adjust the way they meet demand, and that client behavior is shifting in ways the industry has not properly anticipated. The article examines these points and suggests that despite the seemingly grim picture, valuable opportunities exist for financial advisors bold enough to grasp them throughout the transition.

Indeed the financial landscape is changing. An independent study by Advent consulting firm showed that family offices are now establishing themselves as a major force in the international investment community (See Opalesque Exclusive: here).

In its latest White Paper, Advent said, "The number of ultra high net worth families around the world has proliferated as the ......................

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