Our Scans · (FS.1.03) Private Banking & Wealth Management · Weekly Summary

• [New] Convergence with wealth management and FinTech players will have the most significant impact on their revenue growth by 2030 - ahead of tokenization and digital asset adoption. PwC
• [New] Morgan Stanley Wealth Management will leverage iCapital's blockchain-powered technology to standardize trade workflows and enhance data transparency for subscription onboarding of alternative investment funds. Yahoo Finance
• Bain estimates that alternative assets under management for private wealth investors will triple from $4 trillion today to $12 trillion by 2034, while Everest Group forecasts AUM for alternatives to hit $30 trillion globally by 2030. CapGemini
• China's high-net-worth population is anticipated to expand from 4.8 million to 5.9 million between 2025 and 2029, representing a 5.5% annual growth rate. Insurance Business
• North America is expected to grow 4.5% with an increasing number of high-net-worth individuals. WWD
• By 2030, most of India's next-generation high-net-worth individuals will hold over 10% of their assets offshore. IndiaTimes
• Firms sacrificing succession planning for short-term stability will hemorrhage talent. Vault
• High-net-worth investors are entering 2025 with a mix of optimism and caution, as technological advancements and geopolitical shifts present both opportunities and risks. Yahoo Finance
• High-net-worth investors expect to allocate 8.6% of their portfolios to tokenized assets by 2026. SQ Magazine
• High-net-worth investors are expected to allocate 8.6% of their portfolios to tokenized assets by 2026. SQ Magazine
• Brookfield Asset Management expects to more than double its fee-bearing capital base to $1.2 trillion by 2030, driven by growth in existing businesses and new verticals like insurance and wealth management. Nasdaq
• More than half of high net worth individuals in Hong Kong and Singapore forecast that the S&P 500, Hang Seng Index and Straits Times Index will rise by at least 5 to 10% in 2025. finews.asia
• England's central bank chief reportedly wants increased oversight into stablecoin and private finance risks. PYMNTS.com
• The financial advisor industry is facing a critical shortage, with an estimated 100,000 advisor deficit by 2034. Financial Advisor Training Institute
• Generative AI even allows companies to create evolving personas that simulate how Gen Z, ultra-high-net-worth individuals, or Chinese millennials might change their agendas over time. Peter Fisk
• The largest US bank by total assets will soon allow trading and wealth-management clients to use crypto ETFs as loan collateral, beginning with BlackRock's iShares Bitcoin Trust. Crypto Briefing
• By 2026, high-net-worth individuals and institutions aim to allocate 8.6% and 5.6% of their portfolios, respectively, to tokenised assets. Electro IQ

Last updated: 04 December 2025