Subject category:
Finance, Accounting and Control
Published by:
Singapore Management University
Version: 2021-10-10
Length: 9 pages
Data source: Field research
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Abstract
Set in 2020, this case focuses on the strategic roles of the Association of Independent Wealth Managers (AIWM), as an industry advocate of the independent asset managers (IAMs) in Singapore. This case is motivated by two observations: first, the rapid growth of the IAM sector in Singapore, and second, the need for self-regulation, self-education, and self-advocacy among the burgeoning group of diverse IAMs on the island. The case examines the motivation behind the establishment of the AIWM in 2011, its vision and mission, its roles toward members in terms of services provided, contributions to the sector, and the strategic plans to represent the IAMs as key stakeholders in the evolving wealth management ecosystem of Singapore. The case also explores the value propositions of the IAM's wealth management model, the public's awareness and reception of the model, and how the AIWM can more effectively advocate the IAM model to various stakeholders. Lastly, it prompts the reader to think deeply on the open question of how the AIWM can help its members address a pertinent question that clients are asking the IAMs - 'How are IAMs able to help clients achieve a more holistic and inclusive wealth management offering?'
Time period
The events covered by this case took place in 2021.Geographical setting
Country:
Singapore
Subject category:
Finance, Accounting and Control
Published by:
Singapore Management University
Version: 2021-10-10
Length: 8 pages
Data source: Field research
About
Abstract
Set in 2020, this case focuses on the strategic roles of the Association of Independent Wealth Managers (AIWM), as an industry advocate of the independent asset managers (IAMs) in Singapore. This case is motivated by two observations: first, the rapid growth of the IAM sector in Singapore, and second, the need for self-regulation, self-education, and self-advocacy among the burgeoning group of diverse IAMs on the island. The case examines the motivation behind the establishment of the AIWM in 2011, its vision and mission, its roles toward members in terms of services provided, contributions to the sector, and the strategic plans to represent the IAMs as key stakeholders in the evolving wealth management ecosystem of Singapore. The case also explores the value propositions of the IAM's wealth management model, the public's awareness and reception of the model, and how the AIWM can more effectively advocate the IAM model to various stakeholders. Lastly, it prompts the reader to think deeply on the open question of how the AIWM can help its members address a pertinent question that clients are asking the IAMs - 'How are IAMs able to help clients achieve a more holistic and inclusive wealth management offering?'
Settings
Time period
The events covered by this case took place in 2021.Geographical setting
Country:
Singapore
Related
Subject category:
Finance, Accounting and Control
Published by:
Singapore Management University
Version: 2021-10-10
Length: 8 pages
Data source: Field research