About Prestige Wealth
Prestige Wealth is a company based in Hong Kong (China) founded in 2018. The company has 4 employees. Prestige Wealth has completed 3 acquisitions, including Tokyo Bay, Tokyo Bay Management and Wealth AI. Prestige Wealth operates in a competitive market with competitors including Investec, S&P Global, FNZ, Bank of America and FIS, among others.
- Headquarter Hong Kong, China
- Employees 4
- Stage Public
- SectorsFinancial Services
- Phone•••• ••••
- Website prestigewm.hk
- Legal Name Prestige Wealth Inc.
- Annual Revenue$81.9 K (USD)84.03as on Sep 30, 2024
- Net Profit-$880.19 K (USD)-565.47as on Sep 30, 2024
- EBITDA-$876.64 K (USD)-554.99as on Sep 30, 2024
- Employee Count4
- Investments & AcquisitionsTokyo Bay
& 2 more
People of Prestige Wealth
1 people are tracked at Prestige Wealth (1 in leadership); the tracked headcount is 4.
| Name | Role | Group |
|---|---|---|
Shi Hongtao | CEO | Leadership |
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IPO & Listings of Prestige Wealth
Prestige Wealth is a publicly listed company on the NASDAQ with ticker symbol PWM in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date06 Jul 2023
- Listed onNASDAQ: PWM
- Listed entityPrestige Wealth Inc.
- Exchange sectorFinance
- Share price$0.55 (+9.38% on the day) · 2025-09-29
- Market capitalisation$43.3M
- EPS (diluted, trailing year)$-0.10
- Volume (last session)148,116
- Analyst consensusNeutral
Financials of Prestige Wealth
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2024 | $81,900 | -$880,190 | -$876,640 |
| 2023 | $44,510 | -$132,270 | -$133,840 |
| 2022 | $266,580 | $173,160 | $178,320 |
Detailed financial statements for Prestige Wealth
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Investments & Acquisitions by Prestige Wealth
Prestige Wealth has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Tokyo Bay, Tokyo Bay Management and Wealth AI.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Tokyo Bay is operated from the United States. | tokyobay.com | United States | 0 | Dec 2024 | •••• | |
Wealth and asset management services are provided to clients. | tokyobaymanagement.tcc.mode | – | 0 | Nov 2024 | $1.5M | |
Wealth management solution provider | wealthai.tcc.mode | Singapore | 2022 | Aug 2024 | •••• |
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Timeline of Prestige Wealth
5 dated milestones of Prestige Wealth across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Prestige Wealth is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Wealth AI.
- Acquisition Acquires Tokyo Bay Management.
- Acquisition Acquires Tokyo Bay.
Competitors of Prestige Wealth
Prestige Wealth operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Investec, S&P Global, FNZ, Bank of America and FIS, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| investec.com | 1974 | London, United Kingdom | – | 9,444 | Global banking, investment, and wealth management services are offered worldwide. | |
| spglobal.com | 1917 | New York, United States | $8M | 5,000 | Platform offering business intelligence solutions that combine data and actionable analytics for clients | |
| fnz.com | 2003 | London, United Kingdom | $1.9B | 954 | Wealth management solutions are delivered for asset managers. | |
| bankofamerica.com | 1904 | Charlotte, United States | – | 208,000 | Commercial banking and asset management services are offered worldwide. | |
| fisglobal.com | 1968 | Jacksonville, United States | – | 22,604 | Software suites for banks and financial institutions are provided. | |
| cicc.com | 1995 | Beijing, China | – | 6,914 | Diversified asset management and corporate advisory services are provided. | |
| statestreet.com | 1792 | Boston, United States | – | 46,000 | Financial services are provided to asset managers worldwide. | |
| goldmansachs.com | 1869 | New York, United States | – | 333 | Investment banking services are delivered across multiple financial sectors. | |
| esr.com | 2006 | Hong Kong, China | $606M | – | Logistics properties are developed and operated across Asia. | |
| htsc.com.cn | 1991 | Nanjing, China | – | 8,135 | Financial services provider |
Detailed competitors of Prestige Wealth
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Latest news on Prestige Wealth
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Similar companies to Prestige Wealth
10 companies that operate in the same segment as Prestige Wealth (Asset Management), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of brokerage accounts, retirement planning, wealth management, and trading platforms | 1946 | Boston, Massachusetts, United States | USD 517.99 M | – | – | |
Provides mutual funds management and financial advisory services. | 1987 | Mumbai, Maharashtra, India | – | – | – | |
Global banking, investment, and wealth management services are offered worldwide. | 1974 | London, England, United Kingdom | – | USD 6.37 B | 7,550 | |
Insurance, banking, and wealth management services are provided worldwide. | 1816 | Paris, France | – | USD 128.35 B | 100,040 | |
Diversified investment management services are offered across multiple asset classes. | 2001 | Rio De Janeiro, Rio De Janeiro, Brazil | USD 273 M | – | – | |
Mutual funds, portfolio management, and retirement planning services are offered. | 2001 | Mumbai, Maharashtra, India | USD 142.4 M | USD 180.76 M | 1,840 | |
Investment banking services are delivered across multiple financial sectors. | 1869 | New York, New York, United States | – | USD 126.21 B | 46,500 | |
Universal banking and financial advisory services are provided globally. | 1865 | London, England, United Kingdom | – | USD 141.4 B | 211,000 | |
Insurance and asset management services are offered in multiple regions. | 1696 | London, England, United Kingdom | – | USD 78.79 B | 29,090 | |
Online platform for stock trading, mutual funds, and investment tools. | 1994 | Mumbai, Maharashtra, India | – | – | – |
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Frequently Asked Questions about Prestige Wealth
Prestige Wealth was founded in 2018.
Prestige Wealth is headquartered in Hong Kong, China.
Shi Hongtao is the current CEO of Prestige Wealth.
Prestige Wealth has 4 employees.
Annual revenue of Prestige Wealth is $81.9K as on Sep 30, 2024.
Prestige Wealth was established in 2018 in Hong Kong, China, where operations focus on the financial sector. Wealth management, asset management, and related financial services are provided to clients. The company is led by CEO Shi Hongtao. Activities are centered in Hong Kong, serving regional needs in investment and advisory support within the wealth management industry.
Prestige Wealth's top competitors include Investec, Goldman Sachs and S&P Global.
Yes, Prestige Wealth is publicly traded on NASDAQ under the ticker symbol PWM.
Prestige Wealth has made 3 acquisitions, including Tokyo Bay, Tokyo Bay Management, and Wealth AI.