When private clients discuss their finances with wealth managers, there is one common concern at the forefront of their mind: geopolitical risk.Ed Smith, co-chief investment officer at Rathbones, says the company’s annual survey of clients shows that the risk of disasters, from cyber attacks to military invasions, “keeps them up at night the most”. It’s a worry shared by some of the wealthiest individuals around the world. According to a global survey by Swiss wealth manager UBS, family offices with an average net worth of $2.6bn are “most concerned about...
Highlights
Newly proposed rules prohibit or require notification of U.S. investments, directly and indirectly, in China involving semiconductors and...