Asia’s affluent shifting to digital wealth managers

According to McKinsey, more of the increasing wealth in the Asia-Pacific region is expected to be managed digitally over the next three years. US$700 billion is expected to be transferred to wealthtechs as customers explore digital wealth management solutions. These findings were shared at the Endowus Wealthtech Conference in Singapore. Chairman and Chief Investment Officer of Endowus Samuel Rhee mentions the increasing expectations for bridging the digital and human worlds as well as how wealthtech firms should maximise convenience and accessibility.