Global wealth could decline by as much as 10%, to $100 trillion, by yearend, according to Boston Consulting Group.

Assets under management set a record of $109.5 trillion at Dec. 31, the firm said on Thursday, and Victor Aerni, a Zurich partner in Boston Consulting Group and co-author of a report on global wealth, said that emerging data on the economic crisis has led the firm to revise downward its projection of 3.4% growth this year in global assets under management.

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