While structured products and equity funds used to be the asset classes of choice for high-net-worth individuals in Asia, the winds have changed as they now look towards alternatives.
A new PwC report reveals that Chinese family businesses are setting up an increasing number of family offices in the region as they seek to raise investment returns.
Capgemini’s latest report is a wake-up call for wealth managers as the heads of rich individuals are turned by big tech firms for information and value-added services.
Wealthy investors in Asia are more willing to take risks than their peers in the West, although they may not realise it, a survey study by RBC Wealth Management shows.
A new generation of wealthy people sees the potential of adding modern technology into their family offices. But traditional skills and experience are also a vital commodity.
The violent market swings last year had contributed to the biggest loss of population and wealth in Asia Pacific compared to other geographies, a Capgemini survey showed.
Unlike in other regions, Asian HNWIs still appear much more willing to countenance big tech solutions to their wealth management problems, a Capgemini survey shows.
The country's government is encouraging local financial technology companies to create investing solutions. It could help fill the nation's dearth in experienced investment advisers.