Trust private wealth management important in 'sluggish' economy?

Trust private wealth management may be increasingly important going forward, as one organisation has warned Britain will not maintain the relatively good output seen during 2010.

Andrew Goodwin, senior economic advisor to the Ernst & Young ITEM Club, reveals: "I think we're unlikely to see the economy continuing to grow at the pace we saw in [quarters two] and [three]," saying this was thanks to "extraordinary construction figures which are unlikely to be repeated".

This suggests trust private wealth management will be popular, as individuals with personal means respond to ongoing fiscal challenges in a bid to emerge from the recession in good financial shape.

The wealth management expert suggests Britain's economy will gradually strengthen in 2011, claiming gross domestic product growth of around two per cent is to be expected.

A figure of 1.2 per cent was recorded in May to July this year, with 0.8 per cent expansion reported in the three months to September 30th.   ADNFCR-2318-ID-800248479-ADNFCR