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January 9, 2019

ORBA unveils wealth advisory subsidiary

Ostrow Reisin Berk & Abrams (ORBA), a US-based accounting, tax and business consulting firm, has set up its wealth advisory unit dubbed ORBA Wealth Advisors.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

The new subsidiary will serve entrepreneurs, HNWIs and families, offering them goals-based financial planning and investment management services.

The business comprises James Petitpren, II as executive private wealth adviser and CIO and Luke Schillo as director of planning and portfolios.

Petitpren will be responsible for coordinating portfolio strategies. Schillo will coordinate detailed portfolio level analysis as well as prepare asset allocations.

Alexandra Coquoz will be private wealth analyst at the new subsidiary, tasked with managing relationships with clients.

Frank Washelesky will serve as the firm’s chief compliance officer. He will offer advice to clients across the varied phases of their careers.

The team at ORBA Wealth Advisors also includes Steve Lewis and James Pellino. Lewis specialises in tending to HNWIs such as physicians, attorneys, professional athletes, among others.

Pellino has expertise in accounting, employee benefit plans, entity formation and structuring, and investment advisory.

ORBA managing director Mark Thomson said: “The professionals at ORBA Wealth Advisors embody a seasoned and distinguished team of highly-experienced experts who are committed to providing wealth management solutions to each client and their families to achieve their unique financial planning goals.”

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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