They expect high quality service at a reasonable cost, and access to sophisticated investment services - as well as confidentiality. Traditionally high net-worth individuals originated from Europe and North America. Today, substantial new wealth is being generated in Asia and South America. This trend is likely to continue well in to the next century. Today's high net-worth individuals are much more demanding and financially sophisticated than those of a decade ago.
Immigrants are individuals who have moved from one country to another.
Expatriates are individuals living away from their home countries, and who express a desire to return there some time in the future. By way of example, there are estimated to be over four million British citizens resident outside the United Kingdom. Furthermore, between fifty and one hundred thousand British citizens go abroad to work every year. The flow of immigrants and expatriates continues to change with new groups becoming more significant in relation to the numbers flowing to and from Western Europe. For example, over the last few years nearly 12,000 Russians have established residence in Cyprus.