The Taiwanese wealth management industry is dominated by foreign banks. As the market is still not fully developed, local players have had less time to build up experience and knowledge than their foreign counterparts. Foreign banks also offer wider product portfolios and hence are able to attract a broader customer base.
Features and benefits
There are crucial gaps in the service offerings of Taiwanese wealth managers when compared to the overall Asia Pacific region. This represents an opportunity for new entrants to the market, as onshore clients in Taiwan appear not to be properly accommodated by existing players.
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