High-net-worth individuals in Singapore hold more amounts of cash and deposits compared to their Hong Kong counterparts, according to Ivan Han, a Singapore-based senior analyst at Cerulli Associates.
Tag: HNWI
What does the industry think? 17 October
FSA has managed to find a bold group of industry thinkers who are unafraid to speak their minds on crucial industry topics. This week: Asia HNWIs.
Half of new billionaires in Asia but Europeans fare best
Led by China, Asia created one billionaire nearly every three days and accounted for over half of new billionaires in 2015 despite global billionaire wealth declining last year by $300bn to $5.1trn, according to a joint UBS Group and PwC report.
Asia’s pool of liquid assets is set to grow
Rising levels of high net worth cash should give Asia’s private banks plenty of opportunities, says wealth management research firm.
China’s Noah sets up Jersey managed trust
The Shanghai-based independent wealth manager set up a trust with provider JTC to address the increasing succession planning needs of its mainland HNW clients.
Document leak ‘biggest ever blow to the offshore world’
Around 11.5 million leaked documents from a Panama-based law firm have exposed the offshore holdings of politicians, sports stars and public officials around the world.
Wealth management fees hit 5-year high in Singapore
Wealth management fees more than doubled between 2010 and 2015 at Singapore’s three banks, as Asia Pacific surpassed North America as home to the largest number of high net worth individuals.
Survey: Most HNWIs to invest more in 2016
The majority of high-net-worth individuals globally plan to increase contributions to their investment portfolios in the first half of 2016, according to a poll by the deVere Group.
Asia Pacific HNWI population grows 8.5% in 2014
The Asia-Pacific was the fastest growing region in 2014 for high-net-worth individuals, those with $1m investable assets.
Survey: HNWIs reliant on online advice know the least about finance
The gap between perceived versus actual financial knowledge has driven Asian high net worth individuals to increase their investment knowledge, according to the M&G Asia wealth barometer. While wealth managers are the number one resource (55%) for sourcing investment ideas and information, digital media (48%) and friends and family (48%) also followed closely. But investors […]
