The wealthtech sector in the Asia-Pacific region is projected to exceed $2 trillion by 2027, fueled by technological advancements, as highlighted in a recent McKinsey report.
The forecast anticipates an annual growth rate of 25%, which could result in a threefold or fourfold increase in current assets under management. Wealthtech services utilizing digital applications and tools are rapidly gaining traction in the Asia-Pacific market, offering enhanced efficiencies and improved access for retail investors.
The most significant growth is expected within the direct-to-consumer wealthtech segment, characterized by a combination of fully digital and hybrid advisory models. Additionally, the sector is poised to benefit from shifting customer behaviors and favorable demographic trends, according to the report.