The NYSE-listed Chinese wealth management provider posted a net loss in 2018 on lower revenues and higher costs.
Tag: Wealth Management
Millennials retain faith in human wealth advisers
The personal touch is preferred over AI technology, according to a survey of UK millennial investors.
Wealth managers don’t satisfy Asia’s HNW
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.
Thai regulator in wealth management initiative
Thailand’s Securities and Exchange Commission (SEC) wants to extend the basic tools and best practices in HNW wealth management to all Thai investors.
Asia’s PBs slow to automate
Banks in Asia are slowly digitizing the client wealth experience, but costs and cybersecurity are concerns.
Ping An’s WM platform targets Singapore
Ping An’s Lu International has launched a platform aimed at accredited investors, becoming the latest to enter the growing field of online wealth management.
China’s Jupai sees net income flatten
In the 1H, investors turned conservative, dragging down the value of wealth management products distributed by Chinese wealth manager Jupai, according to the firm’s CEO Ni Jianda.
Creditease appoints head of overseas WM
Beijing-based Creditease has set up an overseas wealth management department, the next step in its plan to gain marketshare in overseas Chinese wealth management and eventually list in the US.
Will Asia’s WM firms outsource more services?
Madrid-headquartered Allfunds believes more Asia-based wealth managers intend to increase outsourcing of investment advisory services, according to Alexis Fosler, Singapore-based general manager for Asia.
Noah: China’s regs will lead to WM shakeout
Despite recent ‘sweeteners’ to the new asset and wealth management guidelines, the wealth management industry will likely consolidate as the new regs are adopted, according to Andrew Xia, chief research officer at NYSE-listed Chinese wealth manager Noah.
