High net worth investors are increasingly turning to bricks and mortar to allocate capital, with Japan and its residential housing sector emerging as a favoured destination.
The demand from both older and newer generations of (U)HNWIs are spurring a development in private asset offerings for single and multifamily offices.
The Chinese institution is close to becoming one of the world's biggest private banks by assets under management, a survey by Scorpio Partnership shows.
The region's high-net-worth clients are increasingly managing their money online, choosing convenience over adviser rapport – something wealth managers are disregarding, at their peril.
However, more support is still needed for women entrepreneurs in the region. Such are the findings of two new studies.
If Asia becomes the world's private-wealth hub, it may also set the pace in terms of wealth management tech solutions, suggests Scorpio Partnership.
Indians, Indonesians, Malaysians and Thais seem more content about their life-wealth balance than Hong Kongers, Singaporeans and South Koreans.
The ranks of the truly wealthy have swelled, with Asia leading the recovery, according to the Merrill Lynch Global Wealth Management/Capgemini World Wealth Report.
And appetite for risk among wealthy Asians is set to rise in the next two years, with many likely to seek financial planning and advisory asset-management services, according to a Datamonitor survey.
Perhaps understandably, Asian high-net-worth individuals are more bullish about their prospects than their Western counterparts, according to a Barclays Wealth survey.
Hong Kong and Singapore top the list of Asian locations to which wealthy UK residents would move to avoid higher taxes and regulatory uncertainty, according to law firm Withers.