The Asia-Pacific area has seen an astounding increase in the number of customers in the wealth management sector. The region’s market is competitive and appropriate for numerous high-net-worth individuals looking for an opportunity to invest. The demand for financial management increased during COVID-19, along with investments in digitization. Asia-Pacific countries responded to this requirement excellently, enjoying a surge in the diversity of their consumers as the market has provided opportunities for clients worldwide.
The wealth management industry in the Asia-Pacific region was valued at $247.85 billion at the end of the previous decade and is expected to reach $811.50 billion by the end of 2030, increasing at a staggering 12.7 per cent compound annual growth rate (CAGR).
This issue of Financial Services Review features the Top 10 Wealth Management Services Companies in APAC - 2022, which highlights some of the key developments in the wealth management industry in the Asia-Pacific region.
The edition also includes Top 10 Wealth Management Solutions Providers in APAC - 2022, delving further into the details of the specific solution providers in the region.
It emphasizes organizations such as Misthos Group, an independent financial consultancy group that provides personalized wealth management solutions to ex-pats in Malaysia.
Some of the other companies included in the edition are Capital Asset Planning and Atram, which venture further into wealth management.
The magazine also includes the opinions of Mallika Daswani, Vice- President Digital Channels, TD Bank, and Frank Tian, Vice-President, Risk Management, MUFG Union Bank. They each talk about how to give customers a more comprehensive, personalized financial experience and how the wealth management industry is coping with the pandemic’s adverse effects.
Write to us about how the changing trends in the wealth management industry have affected the functioning of your organizations!
