HNWIs offer wealth managers trust, not assets
Rich people in Asia Pacific increasingly trust wealth managers but aren't giving them much more money to manage, found Capgemini's latest Asia Pacific wealth survey.
Asia Pacific’s high-net-worth individuals (HNWI) are wealthier than ever, but keep more of their money in cash or bank accounts than with wealth managers, according to Capgemini's Asia Pacific Wealth Report 2016, published yesterday.
The regional report surveyed 1,700 HNWIs in eight markets in the region. It follows the company's global report, published in June, which had highlighted that Asia-Pacific region now leads the world with the largest amount of HNWI wealth as reported.
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