Philippines Wealth Management Forum 2019 - Exclusive Insights - Michael Ferrer
ATR Asset Management
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- 1. Is the role of digital growing in importance within wealth and asset management in the Philippines?
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It's still very early days for digital in the wealth management space, actually early in the wealth management space here in the Philippines. A lot of the digital efforts are today on the back end, operational efficiencies, execution dealing. I don't think there's been much in the way of client facing innovation, even on the Robo Advisory front at this stage in the game. Again, a lot of opportunity for banks to, and even non-banks, FinTech players to actually introduce a digital offering for wealth management. There are a few regulatory hurdles here and there but I think by and large, it's really a question of companies or banks and the player's willingness to invest in innovative wealth management solutions, including tying up with various digital platforms out there.