HNWI Population and Wealth Contract Significantly 2
2008 in Review: Financial Market Crisis Culminates in Global Economic Downturn 7
HNWIs Sought Refuge in Cash,Fixed Income and Domestic Investments in 2008 13
World’s HNWIs Scale Back on Their Investments of Passion Amid Economic Uncertainty and Rising Costs 17
Spotlight: Optimizing Client-Advisor-Firm Dynamics is Key as Wealth Management Firms Tackle Crisis Fallout 20
Wealth Management Firms Face a New Industry Reality as Crisis Tests Client Confidence and
Long-Standing Business Models 20
Client Retention and Attrition Are Complex Dynamics 22
Enabling Advisors Is Key to Delivering on Business Goals 25
Firms Can Act to Rebuild Shaken Investor Confidence Through More Holistic Risk Management 27
The Way Forward 30
Appendix A: Methodology 34
Appendix B:Select Country Breakdown 35