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.
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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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