By The Asset The online asset matching service, findaWEALTHMANAGER.COM, that connects high-net-worth individuals with wealth managers, has opened its doors in Singapore to build on three years of great success in the UK. findaWEALTHMANAGER.com was launched in 2012 to provide investors with an objective, fast and freemethod of finding the right wealth manager for their profile and needs , while also giving institutions a more effective way to reach out to the investors they are best-placed to serve than word-of-mouth recommendations alone. Exporting the findaWEALTHMANAGER.com concept to Singapore is a natural next step, given this market's explosive growth as a wealth management centre for both domestic and offshore clients. Total assets under management in Singapore have rocketed by 25% since 2008 and some predict that the city-state and its rival Hong Kong could overtake Switzerland as global wealth hubs before the end of the decade. "The fundamental reason for establishing the business was to provide affluent individuals with a way to meet their wealth manager based on facts and not hearsay," says Dominic Gamble, CEO at findaWEALTHMANAGER.com. "By asking wealth managers exactly what their strengths are and what sort of clients match those strengths, we can match users to wealth managers far more accurately easily and quicker than ever before. There are many data points that a wealth manager provides - from account and wealth preferences of clients, to nationalities and language capabilities and to the services they offer which includes asset class expertise and wealth planning to the size and culture of the brand these criteria map to a profile that the client completes online." Gamble believes that Singapore is the ideal place to start the service in Asia, as it is one of the world's hubs for assets, and will continue to be in the near future. "Singapore is a top wealth management hub globally and possibly the largest by assets within the next 10 years. Our service is for anyone in the world who is interested in having a Singapore-based wealth manager. Many of our users will be from the Asian region and beyond. The client culture of Singapore and wider Asia is one of tech savviness and real hands-on wealth management. The growth of wealth in the region has been larger than ever and that bodes well for us as users want fast information at their fingertips," he adds. The company has a long way to go before it becomes popular and heavily used by Asian HNWIs, but Gamble is confident that over time, demand will catch on. Gamble said, "As with any new business, it will take us some time to refine our service locally and fine-tune our strategy to communicate with affluent users. We aim to provide free and independent knowledge to as many affluent individuals as possible (hopefully in the thousands). We also aim to provide direction for their wealth."
findaWEALTHMANAGER.COM, the online asset matching service that connects high-net-worth individuals with wealth managers has opening in UK. The company, which uses an algorithm to match investors needs with asset managers strengths, launched in the Singapore in 2012. Earlier this year it raised £500,000 from angel investors to step up its marketing efforts and fund the launch in UK.