Asia HNWIs like Big Tech, not wealth managers: report
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.
Asian high net worth individuals are willing to become clients of big technology firms, and regional wealth management companies are increasingly worried about the threat such companies pose, according to a newly released wealth report.
The World Wealth Report 2017 by Capgemini revealed that 72.5% Asian HNWIs were open to becoming a wealth management client of a Big Tech firm, which is 16 percentage points higher than the global average of 56.2%.
This number rose to 75% when it …
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