Independent Asset Management in Singapore: Ready for the Sun to Rise
Report Summary
Independent Asset Management in Singapore: Ready for the Sun to Rise
A decade in, Singapore IAMs number about 200 firms and manage around 4% of Singapore’s AUM, but their future is not yet secure.
London, 17 March 2016 – Singapore is the leading international wealth management center in the world’s hottest wealth-creation region, the Asia-Pacific. Independent asset managers have emerged over the last 10 years in Singapore to challenge the traditional bank-led wealth management model. Armed with a business model that purports to place the clients, their assets, and the relationship managers in a transparent and balanced relationship, IAMs are a small but growing aspect of what they hope will become an increasingly diversified Singaporean wealth management sector serving local, regional, and international wealth.
This report looks at the size, shape, and environment of IAMs in Singapore and identifies the opportunities and challenges that will shape the segment’s future. It is based on a mix of primary and secondary desk-based research, including primary research discussions in Singapore with between 10 and 15 executives in the local IAM sector, and it mentions the Monetary Authority of Singapore, Association of Independent Asset Managers Singapore, HP Wealth Management, Oclaner Asset Management, and Thirdrock Group.
This 35-page Impact Report contains nine figures and nine tables. Clients of Aite Group’s Wealth Management service can download this report.