Fundamental to restoring trust is the basic principle of understanding the needs of the client and then providing them with a bespoke service unique to their varying requirements. This involves taking the time to discuss and establish what a client truly hopes to achieve from giving their capital to a wealth manager, as well as their appetite for risk. Wealth managers need to be able to position themselves to allocate assets and populate a client's portfolio with the funds or stocks that are most likely to achieve the goal for that asset class.
Effective communication
