Competition is becoming keener among private banks fighting for the same share of client wallets. The BENCHMARK Private Wealth Awards was developed by WealthAsia Media to assess the capabilities of Private Wealth providers, to find those who have what it takes to service this segment of high net worth individuals, family businesses, and asset owners. There are four areas of capability assessments: Investment Management, Wealth Planning and Solutions, Good Governance and Digital.
It is WealthAsia’s purpose to create social impact through influencing asset owners to invest responsibly and ethically generations after generations. It is also to induce service and product platforms offering advisories, transactions, and products, to facilitate an environment for wealth holders to exercise this discretion. However, we can only accomplish this ideal when both sides of the spectrum are swinging at the same rhythm, creating harmony and healthy growth within the private wealth industry.
This award is unique in its way, and it is set out to raise awareness of responsible banking and to drive better practices in philanthropic offerings, impact investing, and sustainable investing. It and it can also be interpreted as a “buy-side driven” and a “client-centric” initiative, where asset owners and service users will dominate the decision-making process of the awards. See Methodology
Not only this award welcomes the participation of Private Banks, but also providers who will provide will include all Private Banks in Asia, Tax and Legal Advisors, Trustees and Estate Planners.