Boutique wealth managers face struggle for share of market
17 October, 2011
Boutique wealth managers are springing up across Asia, but competition from both global and regional players is fierce
Is Asia ready for an explosion of boutique wealth managers? Europe has seen a new trend of staff leaving major private banks and setting up family office-style operations, based on giving real advice to clients rather than operating a product generating factory, with associated distribution outlets. There is some evidence of such a trend also taking root in Asia.