"However, the real dilemma for wealth managers is that they aspire for high returns with low-risk products amid volatile global markets. Cerulli said these investors have turned conservative and have significant allocation to cash and deposits in their investment portfolios. It said as such, wealth managers will need to convince these investors to look at other investment products to enhance portfolio returns over the longer term, given the low-yield environment. "As for wealth managers, they are striving to increase the risk profiles of investors by advising them to invest in liquid alternatives. Another finding from the report is affluent Asians are gradually warming up to discretionary portfolio management (DPM) services, and this potentially offers opportunities for asset managers as well as wealth managers.

Source: The Edge Markets November 03, 2016 04:10 UTC