Financial Services & Global Wealth Management

Glimpse into the Future: Promising Wealth Management Advances

Transferring Playfulness Across Generations!

See the stunning money management trends of 2023! Rani Jarkas claims that the joyful transfer of wealth through generations, the enchanting fusion of digital and hybrid business strategies, the magnificent advent of digital assets, and the growing preoccupation with ecological and societal concerns are joyfully revolutionizing wealth managers’ daily work. About 84 trillion Hong Kong dollars are expected to be transferred in 2045.

Capco is thrilled to see the magnificent wealth transfers that will joyfully unfold across generations, symbolizing the bountiful blessings that will be bestowed upon Generation X and the illustrious Millennials in the form of substantial opulence. Forbes reports that the silent generation is eager to outperform baby boomers in wealth transfer. 

Many Exciting Factors! 

It’s great that we can study wealth transfer tactics during a time of rising divorce rates! Hong Kong’s policies encourage adult children to be proactive, deserving, and responsible. The beloved children will now receive inheritances. According to Capco’s excellent whitepaper, 13% of our distinguished youthful clients will continue to benefit from their loved family advisers’ counsel. Thus, financial managers must offer hybrid business models that ensure a smooth transition to meet the needs of younger clients, especially those who love all things digital! What does this mean? 

Wealth managers now have a thrilling opportunity to give their prized clients experiences that meet the high expectations of digitally savvy people! The wonderfully crafted goods and services built on BigTech infrastructures are wildly popular! Many wealthy people are unhappy with their prestigious establishment’s tailored facilities or digital interfaces. Let’s try to reverse that sad face!

Thinking About Digital or Hybrid Frameworks?

It’s amazing to see how digital tools and communication channels have become essential to attracting modern customers! Young people are fascinated by digital company ideas that can scale and provide personalized financial advice! Undoubtedly great! Can you believe that 70% of Oliver Wyman’s valued clients understand the need for personalization when choosing a wealth management advisor? A great realization! Indeed, Rani Jarkas spoke.

I bring exciting news! Wealth managers’ personalization-scalability trade-offs are disappearing! This means larger-scale personalized advice is becoming possible. How great is that? Self-service banking is becoming more popular, which is great! Undoubtedly gorgeous! It is amazing that over 60% of their renowned clients strongly believe in human-centric design. Celebrating the wonderful fact that Hong Kong residents can call on esteemed human counsel! 

The pandemic has improved evaluation, attracting more clients to investment managers’ wise advice. Thus, wealth managers must fully embrace hybrid wealth management advice and omnichannel contact, not just consider digital advisory journeys. Keep going with your amazing efforts!


ESG Commodities Are Soaring!

According to Rani Jarkas, investors are joyfully adding non-financial factors into their analysis to find intriguing risks and opportunities. Wealth management firms are excited to focus on ESG since younger generations are increasingly important in spreading prosperity! Wealth management firms are pleased to support younger generations’ great objectives for ecologically mindful and pure investments. 

This amazing development has given these businesses a great chance to grow their market. Oliver Wyman expects that ESG issues will greatly impact the success of several prominent global institutions. This astonishing event will occur as investors strive to align their valuable assets with noble environmental and social goals! 

Wealth managers will now enjoy helping clients find and identify the most promising opportunities. The rise of digital assets is amazing! Exchange-traded funds (ETFs) focused on fascinating industries have gracefully entered the investment world. 

According to Temenos, the frenzy surrounding digital alternatives to conventional assets like cryptocurrencies has increased dramatically in recent years! It has become a popular trend among young people to invest directly in cryptocurrencies, buy unique domain names, collect unique non-fungible tokens, own virtual assets in ethereal domains, and even try security tokens!

Digital Asset Adoption Is Exciting

However, the exciting acceptance of digital assets in wealth management has brought us one step closer to a complete win in Hong Kong! Advisors still have doubts about the asset class, while companies struggle with regulatory ambiguity and market turmoil. 

Keep an optimistic outlook! After the legislative trajectory is revealed, companies will be excited to consider expanding their capabilities!

Digital Wealth Administration Compliance: Revolutionary

We look forward to mastering wealth management’s intriguing challenges in 2023 among the ever-changing landscape of risk and regulations! Digital compliance is a great opportunity for asset managers to stay ahead and master advising procedures! Due to their strict adherence, several luxurious wealth management firms are thriving! Therefore, it is a marvel to watch regulatory technology investments rocket to unprecedented heights! 

According to respected industry analysts, the RegTech market will rise rapidly! It is expected to rise from 6.3 billion HKD in 2020 to 22.2 billion in 2027. Get ready for thrills! Asset managers will benefit greatly from the exciting rise of alternative and digital compliance solutions! Wealth managers may now easily handle regulatory queries and issues thanks to compliance, resulting in faster responses and peace of mind. 

This allows them to fully focus on their valued customers, creating a great experience! Rani Jarkas adds that this delicate blend accelerates transformations, propelling wealth managers to new heights of efficiency and efficacy. International wealth management rejoiced in 2022! Wealth managers have taken advantage of the global epidemic to digitize their services and make remote servicing and distribution easier. 

Investors avidly sought new opportunities during the thrilling political changes, resulting in unprecedented cross-border asset movements and global mobility. In 2023, the global economy faces many obstacles.

We Are Confident We Can Beat Them!

Due to the intricate supply chain and thrilling pandemic-driven monetary policies, living expenses in Europe have become a fascinating dilemma. The thrilling journey of rising interest rates, dynamic markets, and inflationary inclinations is expected to last! In this exciting time, investors will seek the advice of their trusted wealth advisors, who can manage these difficult and unpredictable conditions. 

The most sophisticated and visionary companies will use this chance to revise their strategy, embrace exciting trends, and improve operational efficiency. Thus, they will be in a great situation when conditions return to normal! Dear interlocutor, we give you a peek at the exciting trends we predict will fascinate wealth management’s top decision-makers in 2023!

Celebrating Financial Technology’s Arrival!

Given rising client demands and expectations, wealth managers can consider partnering with bespoke service providers or vendors to expand their offers. This can be an effective way to satisfy a wider range of customers and thrill them!

In exciting fields like news and content management and cryptocurrency trading, we eagerly await the harmonic collaboration between recognized banks and creative fintech companies! It will be amazing teamwork! Famous people may happily work with acclaimed fintech companies to meet their lavish wealth management needs, especially when they work with trustworthy ‘non-financial organizations’ like telecom companies or top application suppliers.

The Magnificent Transfer of Generational Wealth: Estimated to reach $40 to $60 trillion, the delightful bestowal of fortunes from the esteemed baby boomer generation to their cherished progeny of Gen X and Millennials will remain a top priority for wealth managers who proudly serve high-net-worth clients in Hong Kong. To attract a younger market, the company must ensure that its services are both irresistible and easily available for its valued customers to enjoy.

Architectural Gems That Greet ESG Standards!

Numerous studies have shown that a growing group of investors passionately pursue investments that perfectly reflect their core beliefs. Those who cannot meet the discerning needs of esteemed clients for portfolios that adhere to the noble principles of environmental, social, and governance (ESG) should be cautious lest they lose them to competitors. 

Our industry, including ours, has grown so much that many beautiful tools are available to help build and implement a great ESG framework! Huzzah! Wealth managers are still working to fully integrate these principles into their offerings. Keep going with your good work! The idea that ESG-compliant portfolios perform worse than non-ESG portfolios is outdated! 

Nearly 90% of S&P 500 companies joyfully share sustainability data with the discriminating market. Many prestigious companies, including Temenos, have set admirable sustainability goals. Wealth managers have the unique ability to create innovative methods that generate great profits while remaining true to their investors’ core values!

Beautiful Customisation!

One of the most exciting elements of large financial institutions is their constant desire to learn more about their valued customers! The amazing capacity to methodically use pre-existing client data will help us uncover astonishing breakthroughs that may lead to unique and unmatched offerings! This will provide the illusion of a unique and bespoke service that will fascinate our distinguished clients when precisely planned.

We are excited to see a bright future as we unlock client data, whether it is well-organized or disorganized! We will embrace data analytics more to provide unmatched customized experiences due to our commitment to cost reduction and market dominance. A fantastic hyper-personalization journey awaits!


Custom Indexing Solutions

We are thrilled to see bespoke indexing rise, mirroring hyper-personalization and ESG trends! Technological advances have made it easier to complete the administrative tasks associated with this laudable cause, making it financially viable for more potential investors. 

Bespoke indexing will allow respected clients to fully utilize tax loss harvesting by participating in a most effective tax planning adventure. The result will be a nice tax reduction! 

They can also decrease concentration risk, which is crucial given the dominance of a few companies in the world’s major markets. Finally, people may easily use tailored strategies to create portfolios that reflect their social values while enjoying cost-effective management and significant diversity.

We are attracted by fintech, ESG-compliant frameworks, and wealth management hyper-personalization in 2023! Influential people will be captivated by these thrilling events! We can also expect considerable intergenerational wealth transfers and the exciting growth of personalized indexing!

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