With economic situation dangling from a thread, wealth
management firms find themselves in some uncharted waters that didn’t want to
be in. COVID-19 has knocked the world economy down to its knees, and as the
situation escalated in early 2020, we saw a decrease in the graph in the future
months.
Thankfully, the situation with COVID-19 is getting better,
and the rate of damage the economy was taking is relaxed. However, the damage
is done, and wealth management firms are dealing with it right now. 2019 was one
of the best years for high net worth individuals, but 2020 is in contrast to
it.
The World Wealth Report of 2020 is here, and comparing it
with 2019 has resulted in many key findings. The extraordinary situation we are
facing today has clearly reflected in the report.
The report’s summary can be found below in the form of an
infographic.
Infographic by: capgemini.com
