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Happy days for the Asian super rich

Record levels of new wealth business are beckoning in Asia. But a big question remains for the advisers clamouring for a position there: do they have the expertise to deliver what these people want?

Record levels of new wealth business are beckoning in Asia. Fresh analysis out this week suggests the region's super-rich, worth in excess of $30m, saw a 42.6% increase in their total wealth last year, against 21.5% for the world as a whole. However, a big question remains for the advisers clamouring for a position there: do they have the expertise to deliver what these people want?

The latest Asia Pacific wealth report, published by Merrill Lynch Wealth Management and CapGemini, also calculated that the number of ultra-rich individuals in Asia rose in number by a rapid 36% (19.4%) - see graphic below - although the number of them benefiting from the local economy's largesse was relatively small at 19,600.

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