Global HNWI wealth climbed 8.7% in 2025 to a record US$98.3 trillion, and Capgemini said that expansion is raising demand for more individualized, human-led financial advice.
AI is central to that push because it can automate data processing and administrative work, freeing advisors to spend more time on planning, retirement, tax and alternative-asset needs.
Client expectations are rising as wealth becomes more fragmented across firms: only 19% of HNWIs globally used a single firm in 2025, down from 39% in 2019, while multi-firm relationships increased.
Canada reflects both the opportunity and the gap: HNWI wealth rose 8.2% to US$1.6 trillion and 30,000 people became millionaires, yet only 11% of surveyed clients said their advisory experience felt seamless and personalized.
Capgemini said firms that better orchestrate specialist access stand to win more wallet share, with 47% of global HNWIs saying they would consolidate more assets with providers offering integrated expertise.
With HNWI dissatisfaction rising and AI transforming services, will traditional wealth managers survive the coming 'Great Reordering' of global finance?
Could the explosive growth of millionaires in Asia and the shift to Hong Kong signal a permanent eastward shift in global wealth power?