How the geography of wealth is changing

FOR decades, diversification was largely defined by asset allocation. In order to balance growth and stability, investors spread risk across equities, bonds, alternatives, real estate and commodities. Those principles remain important.

However, in terms of wealth, diversification is increasingly taking on another dimension – geography. Investors are asking not only what they should invest in, but also where.

Many are thinking more broadly about where they hold wealth, how it is structured, and how their financial arrangements can keep pace with increasingly global lifestyles and obligations.