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What does ACS stand for?

ACS stands for Affluent Client Segment


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The recent economic crisis significantly decreased client trust in wealth management firms, resulting in a shift toward personalized services and safer products such as fixed income securities. However, the mass affluent offer the wealth management industry high growth opportunities. In the U.S., this segment has around 33 million individuals, representing around 43% of the country?s investable assets. However, only 18% of the mass affluent are estimated to have availed financial planning services.