UBS Invest to Advance Report finds clear progress towards financial inclusion for multicultural investors


NEW YORK, April 13, 2022–(BUSINESS WIRE)–Today, UBS’s Multicultural Investors Strategic Client Segment announced the launch of its Invest to Advance Research, exploring the wealth journeys of more than 5,000 investors in the United States with at least $1 million in investable assets. The survey found that despite challenges in accessing financial services, many multicultural investors – Blacks, Asians, Hispanics and Latinos – have carved out successful paths to wealth.

The majority of affluent investors surveyed (61%) built their wealth through investment portfolios. Traditionally, as few banks, brokerage firms, or trust companies previously existed to serve multicultural investors, more than a third built their wealth outside of typical stock and bond investments. Asian American investors, despite being first- or second-generation Americans, have derived considerable wealth from working compensation, while many Hispanic and Latino investors have turned their heritage into savings accounts. solid investment and home purchases. Real estate is a frequent route to wealth for black American investors, who believe the investment is likely to stay ahead of inflation and hold its value.

“This report confirms what many multicultural investors have known for some time: that there are many paths to wealth creation and that each individual’s goals are unique,” said Melinda Hightower, Investors Strategic Client Segment multicultural, UBS Global Wealth Management. “With financial inclusion and greater data transparency, we can create more personalized, tailored and inclusive strategies that meet the needs of multicultural investors.”

Where is there a gap?

Black American investors surveyed use their wealth to advance their communities, such as buying goods and services from Black-owned businesses or donating to Black-focused institutions. When it comes to their personal wealth, many may be missing out on opportunities by not fully participating in the stock market, with just 26% of respondents’ portfolios allocated to stocks. Typically, wealthy investors invest around 41% of their wealth in stocks.

Only a quarter of Asian American investors surveyed (24%) grew up in households where money was openly discussed. Respondents indicated that they were more likely to be self-directed investors who draw their knowledge from a wide range of sources, including investing sites and financial publications. Eight in 10 of Asian American investors surveyed expect to leave a legacy, but only four in 10 say they have participated in legacy conversations and research shows fewer Asian American investors have an updated will, in relation to all investors in the study.

Many Hispanic and Latino investors surveyed currently provide multigenerational financial support to their parents, adult children or other family members. Nearly six in ten people currently support family members outside the United States. This requires maintaining a higher cash balance, which leaves less to invest for retirement and less to support their families during major life events, such as buying a home and going to school. .

Eyes on the future

Supporting black institutions and businesses are key goals for black American investors with more than seven in 10 interested in investments that have a positive environmental, social or governance impact. Inclusive or sustainable investing could be a pathway to fuller participation in the stock market while advancing change in their communities and beyond.

As most Asian American investors are primarily self-reliant in their focus on growing wealth for retirement and education, they may face limitations in what they achieve on their own. Engaging with a trusted financial advisor can help them reflect on their legacy. Additionally, having an open dialogue with their families and loved ones can ensure that they are prepared to make the most of their legacy.

A comfortable retirement is one of the primary financial goals of Hispanic and Latino investors. however, most were more risk averse than all multicultural investors. Expanding their investment planning could help meet their current needs and provide additional opportunities for the future.

Read the full Investing to Advance report.

Notes to Editors

About UBS’s strategic client segments

UBS recognizes that everyone is different and offers targeted advice specifically tailored to where clients want to go and helps them get there. UBS’s strategic client segments serve women, multicultural investors, business owners, athletes and entertainers, and the next generation. Learn more about specialist advice from UBS.

About UBS Global Wealth Management

As the largest truly global wealth manager, UBS Global Wealth Management provides comprehensive advice, solutions and services to high net worth families and individuals around the world. Clients who work with UBS benefit from a fully integrated set of wealth management capabilities and expertise, including wealth planning, investment management, capital markets, banking, lending and financial advisory to institutions and businesses.

About UBS

UBS provides advice and financial solutions to high net worth, institutional and corporate clients worldwide, as well as to private clients in Switzerland. UBS is the largest truly global wealth manager and one of Switzerland’s leading retail and business banks, with a broad-based, diversified global asset manager and focused investment bank. The bank focuses on businesses that have a strong competitive position in their target markets, are capital efficient, and have attractive long-term structural growth or profitability prospects.

Headquartered in Zurich, Switzerland, UBS has offices in more than 50 regions and locations, including all major financial centers, and employs more than 72,000 people worldwide. UBS Group AG is the holding company of the UBS group. Under Swiss corporate law, UBS Group AG is organized as an Aktiengesellschaft, a company that has issued ordinary shares to investors.

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Media Contact:
huw williams
UBS Global Wealth Management
[email protected]


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