Asia’s next generation, globally-educated and financially-literate, are taking control of their wealth

Wealth managers are increasingly letting the next generation of Asia’s wealthy “call the shots” in how to manage their money, amid an intergenerational wealth transfer that could shift as much as $5.8 trillion in assets by 2030.

Previously, Asia’s rich were “typically very busy with business, so they looked to bankers to help them manage their wealth,” Alice Tan, head of group wealth management for Malaysian bank Maybank, tells Fortune. 

The next generation, however, usually...