Total client assets in Asia-Pacific is set to grow at a compound annual growth rate (CAGR) of 6.3% to US$154.3 trillion by 2030.
This is according to a recent report by PwC, highlighting that the forecasted increase is dominated by the high net worth and mass affluent segments.
Shifting demographics, massive intergenerational wealth transition, and supportive government policies are poised to create remarkable opportunities for the region, PwC says.
Additionally, there is a distinct realignment in cross-border and intra-regional capital flows that is boosting the growth and strategic importance of premier financial hubs like Hong Kong and Singapore.
The report also reveals that the APAC region is actively driving AWM innovation, from digital assets, robo-advisory, and AI-driven quantitative investment to super-app financial integration and progressive regulatory frameworks for new asset classes.
Seventy-one percent of institutional investors in the region plan to allocate capital to asset managers who proactively develop tech-enhanced products and services.
