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Chinese demand growing for financial advice

The number of emerging affluent Chinese using a financial adviser looks set to rise substantially, as does their foreign asset allocation, according to a new survey.
Chinese demand growing for financial advice
China’s emerging affluent are increasingly likely to use financial advisers to help them make investments, as the incentives for emerging market investors to look offshore continue to grow, according to a Legg Mason poll. In the US fund house’s 2014 global investment survey, some 87% of respondents in China who do not have a financial adviser say that they will be interested in working with one in the future. That is more than double the proportion (39%) who now use a financial ad…
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