Hong Kong’s anxious wealth managers
Economic headwinds, technology shortfalls, regulatory burdens, and talent gaps plague sector
Economic headwinds, technology shortfalls, regulatory burdens, and talent gaps plague sector
As millions of visitors are expected, advice firms could boos their businesses
It will first become an appointed representative with an acquisition target date of 2021
Regulation and higher educational standards are proving challenging for the sector
Numerous and swift regulatory changes have put the industry under massive pressure
Bank wants to double its wealth assets under management to S$8bn and its relationship managers to 70
But it could still be cheaper to use an independent adviser
‘The only way to tap it is through partnerships’
Firms only have one shot at impressing 23 to 39-year-olds
Bad digital services risk driving future clients away
Acquirer hopes to achieve a greater presence regionally, nationally and internationally
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