Wealth Managers Grapple with Japan’s Shifting Generations

Buffeted by economic, demographic and regulatory change, wealth management in Japan has undergone a sea change in recent years. Traditionally, individual wealth management was left to a combination of trust banks, life insurance firms and asset managers, with the individual playing little direct role in managing his financial future. Increasingly, however, there is a bifurcation within Japanese society that is having profound influence on this industry. The younger generation, absent the promise of lifetime employment and corporate pension plans enjoyed by their parents, is educating itself and taking a proactive role in determining its financial future through use of newly available research tools, online brokerage accounts and non-traditional investment vehicles. On the other side, Japan’s baby boomers are retiring in record numbers, coming into lump sum pension benefits and in need of asset management services to sustain them for the rest of their ever longer lives. Our experts explain how Japanese wealth management is changing and how its participants are affected, and examine a host of financial planning implications for current and future Japanese retirees.

Panelists:
Walter Altherr, Executive Director, Equity Research, Global Financials, Mizuho Securities USA, Inc.
Oki Matsumoto, Representative Director, President and CEO, Monex Group, Inc.
Alicia Ogawa, Adjunct Associate Professor, School of International and Public Affairs;  Columbia University

Moderator:
Fred Katayama, Anchor, Thomson Reuters; Director, Japan Society

Agenda:
6-6:30 pm Registration
6:30–8 Panel discussion
8–9 Reception

Admission: This is a free event open to the public, but you must pre-register for the program. Seating is available on a first come, first served basis.

Please contact the Corporate Program at 212-715-1208.

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