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DPM demand at 12%, but climbing

BNY Mellon Wealth Management estimates that discretionary portfolio management (DPM) is less than 12% in Asia, while industry insiders peg DPM penetration at 4%. “Currently we estimate that discretionary management is less than 12% of the total Asia Pacific market but the demand is increasing at a quick pace,” says Chuck Long, head of Greater China, BNY Mellon Wealth Management….

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