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

by KyongSun Kong, June 10, 2014
Industry Trends
Asia-Pacific

Abstract

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.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary

1

Retail Investor Trends

2

 

Customer Segment

3

 

Financial Assets

4

High Net Worth Individuals in Japan

6

Wealth Management in Japan

9

 

Wealth Managers

10

 

Private Banking

11

 

Service Lineups

12

IT Requirements

14

 

Advisor Tools

14

 

Mobile Requirements

15

Conclusion

16

 

For Financial Institutions

16

 

For Vendors

16

Leveraging Celent’s Expertise

17

 

Support for Financial Institutions

17

 

Support for Vendors

17

Related Celent Research

18

Sign in to download reports and access personalized information