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Jakarta Post

Analysis: How data, analytics drive evolution in wealth management in RI

  • Davids Tjhin

    BCG

  /   Mon, October 7 2019   /  02:22 am

Wealth is something many Indonesians aspire to, and an increasing number of us are set to achieve. It is sometimes a case of good fortune, but more often a reward for hard work and smart financial decisions. So how should we manage that wealth if, or indeed when, we achieve it? That is an important question for both wealthy individuals and wealth managers.Boston Consulting Group’s (BCG) Global Wealth Report 2019 reveals a world where global wealth continues to expand. Yet, the realities of volatile global geopolitical conditions, fluctuating equity markets, and challenging currency effects against the US dollar have created substantial headwind for wealth growth over the last 12 months. These negative impacts contributed to wealth growth of just 1.6 percent in 2018, the lowest rate for five years.While growth has slowed, the total value of global wealth still stood at a staggering US$2...