Survey sees softer growth in wealth management revenues

Revenue growth in Asia's wealth management industry is expected to soften significantly during the next two years, according to a Barclays Capital survey of Asia's leading wealth managers who between them have more than $5 trillion of assets under management. 

The wealth management survey involved 123 respondents from 53 wealth management organisations in seven countries across non-Japan Asia, including asset managers, insurance companies, local and global retail banks and private banks.  

In last year's survey, around 90% of wealth managers expected revenue growth in Asia of more than 5% per annum in the coming two years, while only 41% of respondents expect such growth in this year's survey. Worse news still,...