Asian wealth managers need to factor in a younger generation who are not only concerned with the financial outcomes of their funds but also the social impact of their investments
Private banks in Asia are in the midst of one of the largest transfers of wealth in history.
In the coming decade, Asia will see a huge wave of inter-generational wealth succession, with almost one third of the region's wealth predicted to change hands.
With the investment aims and aspirations for those destined to inherit the fortunes notably different from the generation that built the wealth, are the regions wealth managers ready for the challenge?
Although sustainable investments have existed for a decade, the vast majority of investors in Asia only started engaging in them within the last few years. The demand though is growing.
With the wealth transfer and more female high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients looking to invest conscientiously, banks in Asia are increasingly aware of the importance of impact investing.
esg.theasset.com
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