How Are Wealthy Investors Behaving?

Discretionary Portfolio Management (DPM) is driving the wealth management trend

Source: Avaloq

A 2023 survey by a wealth management platform provider, Avaloq, which questioned 3,000 mass-affluent to ultra-high net worth individuals across Asia-Pacific and European markets found that half of the investors surveyed use investment advisory services (i.e. an investor receives professional investment advice but retains decision-making power). Discretionary portfolio management (DPM), where an investor hands over full decision-making power to a financial adviser, is the second most popular approach according to the survey. Interestingly, DPM is more popular with investors in markets with a more mature wealth management industry, such as Switzerland, Hong Kong and Singapore.