Healthy growth seen for non-bank wealth managers
Also known as "external asset managers'' (EAMs), they expect their share of the wealth pie to double in the next 3-5 years, says a survey.
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NON-bank wealth managers, dubbed "external asset managers'' (EAMs), are expected to double their share of the wealth pie over the next three to five years, from under 5 per cent currently.
A survey by WealthBriefingAsia in partnership with UBS has found most respondents optimistic about the segment's growth prospects. About 37 per cent of those polled believe EAM's share of the wealth pie could grow to 6 to 10 per cent; and another 26 per cent believe the share could be greater at 11 to 15 per cent.
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