Wealth clients willing to pay for financial advice, 33% switch providers - study
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(Reuters) - Wealth management clients are increasingly willing to pay for financial advice as their needs evolve, choosing an average of five providers, with one-third switching managers in the past three years, global wealth consultant EY said on Tuesday.The 2019 Global Wealth Research report showed another 33% plan to change providers in the next three years, and noted that no single provider can meet clients' varied needs."As the industry grapples with new entrants, new technologies and..