More wealth advisers needed, Korn says

Korn said investors who want to get rich will rely more on wealth advisory services to ensure their expected return on investment is realised.
Investments today are unlike those of 10 years ago, when there were few choices, such as deposits and equity. Today, the market has various instruments with complicated investments and attractive returns.
Wealth-management advisory services can help investors manage risk while ensuring targeted returns are met, because these professionals have comprehensive information and analysis data, which are essential for people who want to achieve high net worth.
The fees of wealth advisory services are not as high as before and are expected to decrease because of competition, Korn said.
The country should have a policy to support such careers in businesses other than banks, he added.
The Bank of Thailand has been encouraged to allow more individual investment in offshore markets.
Meanwhile, the Stock Exchange of Thailand will open Asean Linkage trading, which will also increase the number of investors and high-net-worth individuals.
Thailand will become an attractive market in investors’ eyes because of the high returns. Moreover, the prospect of more young rich people emerging in the Asia-Pacific region means they will face investment risks, so there is a good chance of seeing larger volumes of investment in equity markets from this younger segment. He suggested that equity investors must follow the lead of foreign players and base their decisions on the economic environment rather than the political environment.
“The periods of political turmoil in Thailand have proved to have little impact on the stock market. Political problems will affect long-term more than short-term investment,” he said.