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.