Japan’s Wealth Management Market: New Phase for Further Growth

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10 June 2014


Despite having the largest pool of wealth in Asia, the Japanese wealth management market is underdeveloped. But tax changes, new customer segments, and the emergence of digital financial services could trigger a new era in wealth services in Japan.

In the report Japan's Wealth Management Market: New Phase for Further Growth, Celent looks at wealth management and private banking trends in Japan, and analyzes IT trends on the market. The report also looks at retail investment trends.

Celent describes the following trends:

  • A generational transition among small business owners.
  • Revision of tax regulation.
  • A strong relationship with senior adults.
  • Rise of a mobile advisor tool.
  • Advice on real estate.

“Japan has the biggest high net worth population and the largest pool of HNW wealth among APAC countries,” comments KyongSun Kong, Analyst with Celent’s Asian Financial Services Group. “Therefore, Japan has the potential to grow wealth management activities if wealth managers gain the trust of HNW individuals.”

This report features interviews with wealth management players and solution providers and provides recommendations for financial institutions and vendors that are considering expanding their business in this field.