Half (53%) of financial advisers have seen clients move abroad in the past 12 months, a new report shows.
The number of advisers seeing clients moving overseas rises to 60% and 75% for those based in the South East and Greater London respectively, according to the latest Financial Planning Growth Index from wealth manager and Financial Planner Saltus.
The index found that clients were placing greater importance on estate planning and inter-generational wealth transfers (31%), with the same proportion seeing the importance of retirement planning growing.
A quarter of the advisers surveyed reported that avoiding or mitigating Capital Gains Tax was of growing importance to clients.
Other concerns shared by clients included cost-of-living pressures and rising school fees (5%).
Nick Heath, head of relationship management at the Saltus Partnership Programme, said: “In an industry built on longstanding, trusted relationships between advisers and clients, it is crucial firms can meet the changing demands of both prospective and existing clients.
“Our data presents a clear direction of travel, with the focus on estate planning and retirement showing no sign of slowing. For firms, now is the time to invest in the expertise and tools required to build a comprehensive offering for clients that serves all their needs.”
• The Financial Planning Growth Index is based on a survey of 216 senior Financial Planners in January.