Imperial Capital Management, the Japan-headquartered advisory business, has relaunched itself as a provider of wealth management solutions to cater to a wider network of "accredited investors" within the country and South East Asia.

The company already serves private clients and this expansion will allow it to establish a broader customer base. At present, it handles wealth management portfolios for some 200 high net worth individuals from more than 20 nations. 

"Our research has indicated that competition in the AI space is likely to disappear in the future. There's been hiring of client partners with accounting and legal qualifications, as well as experienced wealth management personnel directly from the intensely regulated UK and Australian markets," said the firm. 

The decision was based on a study on the expected impact that the Financial Advisor Industry Review in South East Asia will have on the wealth management industry. With the tighter regulations, expat-based wealth management consultancies will likely face stricter controls that may squeeze revenue streams. This could affect the delivery of high quality services, Imperial said. 

"[We] foresee an opportunity to provide investors with quality total wealth management solutions," it added.