Existing clients can use these links to log in to the Infinity dashboard. Not a client? Why not get in touch to find out about our services.
A survey last year showed Asia having overtaken Europe for the number of very wealthy individuals and a recent report by the Royal Bank of Canada and Capgemini now places Asia-Pacific ahead of North America in the super-wealth stakes. Super-wealthy individuals or high net worth individuals (HNWIs) are defined by having more than $1mn available for immediate investment; therefore excluding less liquid assets such as property.
The US boasts $11.4tn of the world’s $42tn investable wealth held by high net worth individuals as the largest regional share of global investable wealth. However, with 3.37 million individuals holding more than $1mn of investable assets, Asia-Pacific has taken the top one spot away from North America in terms of the number of people with over $1mn for investment.
At country level, seven countries in the region now rank in the top 20 fastest increasing HNWI populations around the globe. The super-wealthy population in Asia is growing at twice the global rate.
Across Asia there are distinctly uneven statistics. Thailand’s HNWIs increased over the year by 12.8% at one end of the scale and Hong Kong and India at the other end of the scale saw decreases of 17.4% and 18% respectively.
Hong Kong and Singapore, as the international financial centres of the region, are being seen to be increasingly attractive destinations for expat HNWIs. However, this trend cannot entirely account for the new ranking of the region. The 1.6% growth in the HNWI population in Asia appears to be mainly fuelled by recently generated wealth of entrepreneurs or next generation heirs to entrepreneurial wealth.
According to Jean Lassignardie, VP at Capgemini, ‘Asia-Pacific will likely continue to face challenges such as high inflation and global factors such as the weak economy in Europe … However, the diverse nature of Asia-Pacific exports and economies means the outlook for the region as a whole remains strong.’
Infinity, in an exclusive Asian partnership with the award winning investment advisers Bestinvest, offers wealth management services combining first-class financial planning services with world class, market leading investment management. If you have $400,000 or more and are looking to protect or grow that wealth or create an income, get in touch for professional and experienced advice.
This Site and the Content are not directed at or intended for distribution to any person (or entity) who is a citizen or resident of Hong Kong (or located or established in) any other jurisdiction where the use of the Site would be contrary to applicable law or regulation or would subject Infinity Financial Solutions Limited to any registration or licensing requirement in such jurisdiction.
Persons (or entity) who is a citizen or resident of Hong Kong please click on the link below to access our Hong Kong Site.