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.
Despite risks, HNWIs still interested in this asset class, mostly private-equity funds for onshore, and Reits for offshore, according to China Merchants Bank.