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Majority of next-gen clients favour advisory: UBS’s Liu

The UBS AG company logo sits at the bank’s headquarters in Zurich, Switzerland, on Monday, May 3, 2010. UBS AG, Switzerland’s biggest bank, reported the highest quarterly profit in almost three years after a rebound at the securities unit. Photographer: Peter Frommenwiler/Bloomberg

As Asia witnesses the largest intergenerational wealth transfer in its history, UBS Global Wealth Management has observed its next-generation clients take a growing interest the financial decisions of their families, according to Francis Liu, regional market manager, UHNW, Greater China at UBS Wealth Management. “60-70% of our next-generation clients are interested in advisory products and solutions because they can get…

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