Swiss banking software provider Avaloq has released a wealth management index, ranking Singapore as the top hub for its balance across various dimensions.
Singapore was named as the top hub in the 2025 Avaloq Wealth Management Index, which rated 15 markets based on over 60 indicators across five key dimensions: macroeconomic conditions, financial market maturity, demographics, regulation, and technology.
The city-state achieved a score of 86 out of 100 and was followed by the US (83), UAE (72), Hong Kong (67), and Switzerland (66).
Four key themes
According Avaloq’s report, four themes stood out from its findings on the leading wealth hubs.
First, different markets obtain strength via varying approaches. Singapore, for example, excelled through balance across the five dimensions, with no obvious area of weakness. The US distinguished itself with exceptional financial market maturity alongside strong digital and demographic conditions, though it had a more moderate regulatory profile.
Second, macroeconomic strength and financial market maturity do not always align. The UAE combined a strong macroeconomic profile with more limited financial market maturity, while markets such as the Netherlands and UK exhibited the the opposite pattern, with comparatively weaker macroeconomic conditions but stronger financial systems.
Third, demographic readiness is a major source of differentiation as it captures conditions linked to future engagement with wealth management, including digitally engaged populations, wealth-ready households, and financial curiosity.
Fourth, regulatory strength can rest on different foundations be it in transparent regulatory frameworks, compliance, ESG-aligned conditions, and business operational ease.
“The 2025 Avaloq Wealth Management Index reveals substantial differences between where wealth exists and where the conditions for scalable wealth management are strongest,” the report said. “Markets with similar levels of wealth can show very different levels of financial participation, regulatory effectiveness, digital engagement, and demographic readiness. In some cases, structural strengths help compensate for lower wealth levels. In others, significant wealth exists, but market conditions limit how easily it can translate into broader opportunity.”
