Prestige Wealth (PWM) Globenewswire·2024-12-18 22:00Core Insights - Prestige Wealth Inc. has completed the acquisition of InnoSphere Tech Inc. and Tokyo Bay Management Inc. on December 16, 2024, enhancing its service offerings in wealth management and asset management [1][2]. Company Overview - Prestige Wealth Inc. is a wealth management and asset management services provider based in Hong Kong, focusing on high-net-worth and ultra-high-net-worth clients in Asia [3]. - The company offers customized wealth management products and tailored value-added services, along with asset management services through managed investment funds and discretionary account management [3]. InnoSphere Tech Overview - InnoSphere Tech specializes in web scraping technology to collect financial and wealth management data, enabling the training of specialized large models for the wealth management industry [4]. - This technology provides significant foundational support to clients in the financial sector, surpassing traditional general-purpose models [4]. Tokyo Bay Overview - Tokyo Bay Management Inc. is based in Tokyo, Japan, and has built a strong client base and local market knowledge over the years [5]. - The company provides wealth management services, family affairs services, lifestyle management services, and related value-added services to high-net-worth clients in Japan [5].