Where are the opportunities and challenges for the APAC wealth management sector?
As demand for wealth management services in the region increases
Ultra High Net Worth
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1 in 30 HNW individuals relying 100% on their homes to fund retirement
As house prices and trends in the overall housing market raises concerns about retirement plans
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UHNW investors eyeing up more private equity assets
Making it the second-largest asset allocation in UHNW portfolios
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UHNWs want to ‘lead the way’ in fight against global challenges
Smart agriculture, clean water and poverty alleviation are biggest opportunities for change
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JP Morgan PB invests in two Swiss fintech firms
To bolster its digital offering for UHNW clients across Europe, Middle East, Latin America and Asia
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Asia’s wealthy seek out private credit
As they move away from the struggling public markets
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Greater Bay Area wealthy demand more sophisticated advice
ESG and crypto feature strongly among risk-seeking rich investors in the region
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How UHNW priorities have changed post-covid
They want a more active role with their finances
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Global wealth reached record high of $250trn in 2020
8.3% rise caused by surge in clients investing in alternatives
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Banking giant creates global wealth management business
Operation will be led by the group’s head of investor sales and relationship management
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Wealth manager eyes international launch of hybrid platform
Several years after it sold off the intellectual property relating to its UK robo-adviser
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Spain to increase income and wealth tax
‘This will push UHNW retirees and investors to look at other more favourable jurisdictions’