Wealth managers see turnaround in net new money

Global wealth managers saw a dramatic turnaround in net new money last year, with the majority now sourced from emerging markets, according to Scorpio Partnership. In research set to be released today, London-based Scorpio finds that on average global wealth managers saw a 23.7% rise in new inflows for 2012, compared with a decline of 27.9% in 2011. This is a turnaround for the industry, which has struggled to attract new client assets amid a loss of client trust on the back of …