The Hong Kong independent wealth management industry has grown apace since the global financial crisis of 2008/9. But how do these smaller firms differentiate themselves, how do they convince clients of their independence and integrity? And can they make enough fees to prosper?
An estimated $24 trillion of wealth in China and the inevitable globalisation of some of that wealth should translate to immense opportunities for independent wealth advisers and other professionals in Hong Kong. But, how do the independent wealth managers compete with the global banks?
Can the independent wealth management community embrace technology to give themselves a competitive edge? Hubbis assembled a panel of experts to discuss digital strategies at the Independent Wealth Management Forum in Hong Kong on November 16, 2017.
Taking the leap from a private bank to a new life as an independent wealth adviser is a risky move. But if imagined correctly and structured properly it can be immensely rewarding, for the banker and clients alike.
The independent wealth management sector in Asia is still relatively minor compared to the coverage of the major private banks and other large wealth firms, but those who have already established their business models see even better times ahead.