The Evolution of Financial Consultancy: The Role of Multidisciplinary Teams for High Net Worth Individuals in the 21st Century

This article discusses the needs and characteristics of High Net Worth Individuals (HNWIs) and the role of multidisciplinary teams in serving them. It explores the spheres of wealth holdings for HNWIs, including business, real estate, financial investments, and passions. The article also highlights additional needs of HNWIs such as taxation, philanthropy, and generational handover. It emphasizes the importance of multidisciplinary teams in providing comprehensive service to HNWIs and discusses examples of such teams in Italy, including private banks and financial advisors.