Wealth Havens Shift High-Net-Worth Individuals Diversify

Switzerland is still considered to this day to be synonymous with a wealth haven. Political stability, institutional strength, banking secrecy—at least in its historical form—and a wealth management industry built over generations transformed the country into one of the top destinations for major international fortunes.

However, there are signs of a shift. This does not mean the wealthy are abandoning Switzerland. In fact, the most recent data shows that the country continues to be one of the world’s major wealth management and custody…