Technology has helped private banking to implement efficiencies and cut costs. But it is proving much harder to boost profitability

Wealthy individuals are conscious of having to prepare for the unexpected, though many possess an incomplete understanding of risk profiling and processes. Their advisers need to bridge this gap

Having experienced the benefits of customisation in other areas of their lives, wealthy investors now demand a more personalised service from private banks

It is becoming increasingly apparent that wealthy individuals in Asia make for very different clients than their counterparts in the West

Blockchain technology could help banks cut costs and boost client security, but will the notoriously slow-to-change financial services industry get on board?

Wealth managers are yet to fully align themselves with clients' digital expectations, but while technology will inevitably disrupt the private banking industry, evidence suggests there will always be a place for human expertise

Staying relevant in an ever-evolving and competitive market requires advisers to play several different roles 

High net worth individuals are happier turning to relatives for financial education rather than to wealth managers, though most agree more formal initiatives are beneficial