Singapore wealthy clients' average assets reach US$1.5 million as mutual fund ownership leads Asia: Citi Wealth report
Key Highlights
- ➤Singapore HNW average assets rise 6% to US$1.50 million
- ➤Singapore Affluent average AUM increases 5% to more than US$565,000
- ➤Singapore HNW mutual fund ownership reaches 31%, highest in Asia
- ➤Singapore onshore and offshore wealthy assets remain 72%-74% in deposits
- ➤Singapore RM NPS rises to +31 in 2026 from +19 in 2022
Expert Statements
Yeo Wenxian, Asia South Head of Wealth at Citi and CEO of Citibank Singapore
“Singapore's appeal as an international wealth hub is supported by a stable operating environment and deep connectivity to global markets. As wealth becomes increasingly international, clients are looking for opportunities that extend beyond their home markets, while seeking trusted advice to help them navigate an increasingly complex investment landscape.”
Yeo Wenxian, Asia South Head of Wealth at Citi and CEO of Citibank Singapore
“The future of wealth management will be defined by how effectively technology and human advice work together. While clients are increasingly open to using AI to explore ideas and evaluate options, trust remains central to the decision-making process. The role of the adviser has evolved beyond providing information to becoming a strategic partner, helping clients navigate opportunities and prepare for the transfer of wealth across generations. Effective advice goes beyond a client's balance sheet and takes into account their family dynamics, life goals and the legacy they hope to build.”
Singapore wealthy clients' average assets reach US$1.5 million as mutual fund ownership leads Asia: Citi Wealth report PR Newswire
SINGAPORE, Oct. 22, 2026 * Average assets among Singapore High Net Worth clients rise 6 percent to US$1.50 million, while Affluent assets increase 5 percent to more than US$565,000. * Mutual fund ownership among Singapore HNW investors hits 31 percent, the highest level in Asia. * More than 70 percent of onshore and offshore wealth remains in deposits, highlighting opportunities for greater portfolio diversification. * Singapore demonstrates strong estate planning, with 76 percent of individuals aged 55 and above having established wills or wealth succession plans. SINGAPORE, Oct. 22, 2026 /PRNewswire/ -- Singapore's domestic and cross-border wealth pool expanded steadily over the past year, with average assets for High Net Worth (HNW) clients hitting US$1.50 million – up 6 percent from 2025's figure of US$1.41 million.
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