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.
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.
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.
The region has surpassed North America for the first time, but while the global HNWI population rose last year, total wealth declined.
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.