Asia becomes the biggest pool for wealth managers to tap

Wealth management firms only manage one-third of global high-net-worth individual wealth, highlighting the potential for them to grab a greater share of the rising tide of investable capital – of which the Asia-Pacific now accounts for the biggest chunk, finds a new report. Asia-Pacific ex-Japan follows the global trend, with 31.6% run by wealth managers, though the figure is only 23.7% for Japan, where HNWIs put a much bigger emphasis on retail bank accounts and physical cash tha…