HNWIs in Asia-Pacific are most likely to adopt wealth management offerings from big tech firms.
Complex fee structures and the need for a more personal connection with relationship managers have led to dissatisfaction among Asia’s high net worth investors.
Aberdeen Standard expands Japan business; State Street creates role for its academic affiliate; Jack Lin joins MSCI’s executive committee; APAC family offices need succession planning; Phillip Capital launches an ETF in Singapore; Mercer and Morningstar team up; and more…
Wealth managers should go beyond a pure functional role and work more on the personal connection with high net worth clients, according to David Wilson, head of Asia wealth management at the consulting firm Capgemini.
The assets of high net worth investors in Asia-Pacific are expected to reach $40trn by 2025 from about $18.8trn today, according to the Asia-Pacific Wealth Report by Capgemini.
Real estate remains the most preferred asset class for the growing base of high net worth individuals in Asia Pacific excluding Japan, according to the Asia Pacific Wealth Report 2014, released by Capgemini and RBC Wealth Management.
The number of high net worth individuals across the world surged by 14.7% to 13.7m over the last year, according to a survey by Capgemini and RBC Wealth Management.
The Asia-Pacific region is poised to become the largest wealth market as early as 2014, far outpacing other geographies, according to a survey by Capgemini and RBC Wealth Management.