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 individuals in the region are increasingly looking to financial technology services in order to bolster their investment processes and returns, said the annual report.
Wealth managers run just one-third of global high-net-worth individuals' money, and Asia Pacific now represents the biggest pool of capital, according to Capgemini's World Wealth Report 2016.
The latest Asia Pacific Wealth Report highlights which regional markets are growing fastest in terms of high-net-worth population and wealth, and where they are putting their money.
Asia Pacific records the fastest growth in high-net-worth population to overtake the US and is tipped to take top spot for overall wealth this year, finds new research.
Asia remains the fastest growing region in terms of wealth, and its high-net-worth investors are demanding better digital services, finds the RBC and Capgemini Asia-Pacific Wealth Report.
RBC Wealth Management says the financial industry must rise to the challenge of high-net-worth demand for socially responsible investing, as revealed in the World Wealth Report.
Banks in Indonesia are realising the young, growing middle class is the key to building an onshore wealth management industry that is less reliant on Singapore.
High-net-worth individuals in the region will lead the world in population and accumulated wealth as early as next year. They are becoming more digitally focused, too, finds a survey.
Growth in the number and wealth of high-net-worth individuals in Asia will outstrip North America within three years, although it will be a tight race, finds a benchmark survey.
The world’s most populous region for high-net-worth individuals sees its community grow marginally, despite declines in Hong Kong and India on the back of stock market slumps.
The region has surpassed North America for the first time, but while the global HNWI population rose last year, total wealth declined.