Wealth managers are helping high net-worth individuals rake in huge and increasing investment returns — and that trend could well continue with the potential entrance of big technology firms into the investment advisory space.
"No one knows yet what the future holds. Will Google and Facebook want to come in?" David Wilson, head of Asia wealth management at financial advisory Capgemini Global Financial Services, told CNBC's "Squawk Box."
However, the future of wealth management will "absolutely be based on artificial intelligence," he said.
And that's exactly the tech giants' game.
"The depth of data that they have ... their retailing experience, their social experience, and being able to blend that to put very customized propositions in place" could meet high net-worth individuals' demand for quality wealth advisory, according to Wilson.