The China-headquartered organisation has made a number of moves in the wealth space and has also expanded into the health management arena – an example of crossover appeal that it intends to capitalise on.

China-based Hywin Holdings, which is listed on the US Nasdaq, has reported that the number of wealth management clients rose by 8.2 per cent to 152,607 as of 30 June from a year earlier.

For its financial (aka fiscal) year ended 30 June, revenues rose 7.7 per cent to RMB2.091 billion ($301.3 million) from a year earlier. For the six months ended 30 June, revenues slipped 0.5 per cent to RMB1.055 billion, the firm said.

Hywin has become one of the most prominent China-based wealth management firms (see stories here and here). Significantly, it has expanded into the “health management” space and tapped into what it sees as important crossovers between financial and health areas of clients’ lives.

In its Hywin Health arm, the number of clients rose 8.2 per cent to 152,607 as of 30 June 2023 from 141,058 a year before. The number of active clients increased by 6.5 per cent to 46,627 in the 2023 financial year from 43,764 in the same period of 2022.

In August last year Hywin took a controlling stake in Life Infinity as part of a push into the country’s health management sector. The Chinese business launched the FactSet Hywin Global Health Care Index last year.