The document discusses strategies for catering to high net worth individuals in Asia. It notes that Asian millionaires want to triple their wealth within 10 years through efficient and local means. They are highly engaged with technology and expect wealth managers to integrate digital capabilities. However, wealth management firms have not fully adapted to the technology demands and lifestyle of Asia's future wealthy customers.
Financials – flat/ cost-incomes Markets – volatile – strong revenue from inter market activity, value chasing Revenue streams – under pressure, switch to fee-based planning, continued downward pressure on top line from 120-100bps
Financials – flat/ cost-incomes Markets – volatile – strong revenue from inter market activity, value chasing Revenue streams – under pressure, switch to fee-based planning, continued downward pressure on top line from 120-100bps