Brian Spence, managing partner at S&P Investments. — VNS Photo

S&P Investments has been crowned Best Financial Planning Service Provider Vietnam 2019 by International Business magazine, having already been named the dynamic country’s best financial planning firm in 2018.

Launched in 2017, S&P Investments is at the forefront of the movement to bring sophisticated wealth management services to the country’s rapidly growing net worth populations.

Off the back of explosive economic growth, the country’s millionaire population is predicted to grow by 28 per cent from over 12,300 to more than 15,700 by 2023, while its ranks of high net worth population with over US$30 million is set to grow 31 per cent to 186 from 142.

At the same time, the Vietnamese professional wealth management market is still very much in its infancy – creating fertile ground for the expertises S&P Investments’ founder honed in the West.

“Viet Nam’s rapidly expanding wealthy population is often in acute need of professional wealth management services as people move to diversify away from cash and property to get into stock market investing,” said Brian Spence, managing partner at S&P Investments.

“I’m very excited for our prospects in the years ahead as we continue to grow both our Vietnamese and expat client bases. Our M&A advisory business is also really taking off as the country’s entrepreneurs look to grow their businesses or realise the fruits of their endeavours.”

S&P Investments was founded by Brian Spence – who served the UK retail financial services community for over 30 years as a fund manager, independent financial advisor and business consultant – alongside Quang Pham, one of Viet Nam’s foremost entrepreneurs, best-known for establishing the architectural business FVA. — VNS