Owing to their preference for active management and their relatively busy lifestyles, HNWIs require a ‘welfie’ — an accurate and comprehensive overview of their wealth — in order to avoid rushed decision-making, according to Perth-based fintech PictureWealth. Neal Cross, chairman of PictureWealth, told Asian Private Banker that thus far, fintech has contributed to passive investing, with robo-advisors automatically rebalancing and…
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