From www.moneymanagement.com.au: High-net-worth individuals in Australia are increasingly opting for non-custodial investment solutions due to dissatisfaction with traditional methods, with 41% of advisers citing client demand as the primary reason for this shift.

As the number of HNWIs grows, particularly among wealthier retirees, their desire for customized financial solutions presents opportunities for advisers.

However, challenges such as complex administration and reporting remain significant hurdles for advisers in this space, with many lacking familiarity with non-custody products.