Independent Power Players 2020 - On the Rise
(CityWire Asia)On a mission to provide independent, impartial and honest advice, independent asset managers and multi-family offices emerged in Asia from the wake of the 2008 financial crisis into an industry that has traditionally been dominated by private banks.
Twelve years down the road, the landscape has never been more vibrant! The rich are gaining awareness and understanding on what it means to engage with an independent firm; banks are building teams to serve this space; wealth management professionals are increasingly evaluating if joining an independent is suitable for them; and regulators have acknowledged as well as supported the industry through new policies and initiatives. It is undeniable that independents are here to stay.
In this publication, 32 independent wealth managers tell us their motivations behind their bold plunge into the scene, the challenges they are facing and the opportunities they continue to see in this evolving space.
Welcome to the world of the independents.
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