The wealth management industry needs to better service families in Asia that are navigating competing and sometimes conflicting values as they transfer wealth, knowledge and skills.
Singapore – already close to matching Hong Kong as a wealth centre in terms of assets – could be getting a boost as a result of the recent protests, argues Scorpio Partnership.
An overheating Asian property market and a depreciating US dollar are prompting Asian investors to seek diversification and returns in US real estate.
Tighter cross-border rules, less arbitrary national government policy and improving returns at home are likely to prompt rich investors from emerging markets to move assets back onshore.
The shortage of relationship managers has become acute against increasing client wealth over the past five years, writes Scorpio Partnership.
There are more than half a million wealthy individuals in the Gulf Cooperation Council region with too few private bankers to serve them. It could be time for wealth managers to step up.