The plummeting pound: why diversification matters for HNW’s

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The plummeting pound: why diversification matters for HNW’s

Is it all doom and gloom? Has worrying about Brexit really replaced discussing the weather as the UK’s national pastime? Not so, according to one wealth manager.

Darragh O’Sullivan, director of family office services at DOS & Co. told Spear’s says that – generally speaking – HNW clients are doing relatively well out of Brexit.

London is still a HNW hotspot and the ‘virtual’ family office says that they have seen huge interest from overseas clients looking to establish parts of their lives in London – not just buying property, but adding it into their lives and looking at schools, universities, members’ clubs and actually making it a firm part of their international lives.

On the pound’s current volatility, O’Sullivan says that currency hedging is proving very popular as the more it swings, the more opportunity there is to make on trades.

See the full article here: https://www.spearswms.com/sterling-pound-diversification-wealth-hnws-management/

Skills

Posted on

16 August 2018