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Wealth management fees hit 5-year high in Singapore

Wealth management fees more than doubled between 2010 and 2015 at Singapore’s three banks, as Asia Pacific surpassed North America as home to the largest number of high net worth individuals. Fees and commission income from wealth management services increased four-fold at DBS Group Holdings and more than doubled at Oversea-Chinese Banking Corporation and United Overseas

Singapore outpacing Hong Kong for millionaires

The population of millionaires in Singapore is expected to grow by more than 18.3% by 2020, compared with 15.6% in Hong Kong.There were 154,189 high-net worth individuals (HNWIs) in Singapore in 2014 holding $806.3bn (£530.5bn, €756.1bn) in wealth, according to a report from WealthInsight. This compares with 193,553 HNWIs in Hong Kong, collectively holding $1.1trn in

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Go to MitonOptimal Group

The MitonOptimal group of companies are independent multi-asset investment managers, majority-owned by our management and directors. We employ over 40 staff across offices in Guernsey, South Africa and the United Kingdom. Our primary business focus is the delivery of Discretionary Investment Management and Client Portfolio Management services to a global client base of intermediary and private clients, as well as a range of regulated funds.