How do Singaporeans manage their money? Capco recently concluded a survey of 500 Singaporeans with minimum investable assets of USD 100,000. The survey results show that an increasing number of Singaporeans are choosing a more active management strategy, preferring to manage their money themselves, with the support of advisors. Younger investors show a keen interest in digital tools, such as robo-advisors and AI. Here are some of the interesting findings from Capco’s survey. This article was written by a Financial Horse Contributor.

1. Why do you want to grow your wealth?

When asked about why they wanted to grow their wealth, there were a few motivating factors. The top factor was a desire for financial security, followed by retirement needs. Those under 35, tended to focus more on specific life goals, such as education, travel, and breaks from work. Whereas those aged 45 and over, ranked retirement needs first. Source: Capco

2. Where do investors look for investment ideas and advice?

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