Asians More Likely to Switch Wealth Managers

Asians More Likely to Switch Wealth Managers

Compared to their global peers, Asian clients are more likely to change their primary wealth provider, according to a report by EY. Sustainability and AI could be the key to retention. More than one-third (36 percent) of Asians, from affluent to ultra-high net worth individuals, are likely to change their primary wealth provider within the next three years, according to «The 2025 Global Wealth Research Report» by EY. This was especially pronounc…

“AI-washing” worries institutional investors, research shows

A number of institutional investors and wealth managers are voicing concerns over companies exaggerating their use of AI —a trend referred to as “AI washing.” Research from Robocap, a fund manager in robotics, automation and AI-listed equities, has shown that 37% of institutional investors, including pension funds, insurance asset managers, family offices and wealth managers,