Philippines Wealth Management Forum 2019 - Highlights - Michael Ferrer

Michael Ferrer of ATRAM

May 22, 2019

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1. What are the challenges and opportunities for the industry?

Video transcript

1. What are the challenges and opportunities for the industry?

There's a lot of opportunities for wealth management and asset management, particularly in client and product segments that thus far have not been tapped. In particular in the retail, mass retail segment, which has had historically very little access to wealth management products and services. With FinTech digitisation, I think the ability now to reach these clients across the 7,000 islands is increased dramatically. On the product side, I think pensions will be a very attractive segment in the next five to ten years. We still have an emerging PERA, which is the Personal Equity Retirement Account system, that will be digitising soon, and that will open up opportunities for individual investors to start saving for pensions.

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