APAC’s hidden opportunity is in the hands of wealth managers
Asia-Pacific’s financial firms have lofty growth ambitions that will come with high cost and complexity. To succeed, they’ll need a quality portfolio toolkit and a connected technology architecture, writes BlackRock’s James Verner.
Asia-Pacific has entered a decisive phase of wealth tech adoption. McKinsey projects a significant growth runway for wealth management firms, with personal financial assets in the region expected to reach $81 trillion by 2027, translating into roughly $1 trillion in potential revenue across the wealth continuum.
This presents a significant opportunity. Across the region, financial institutions are increasingly building multi-segment programs that integrate frontline advice with portfolio tools
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