Ascend Asia Expands Wealth Platform with Acquisitions

Asia wealth consolidation is accelerating as Ascend Asia Financial Services Group acquires three Singapore advisory firms—Infinity Financial Advisory, SG Alliance and PromiseLand Financial Advisory.

The deals, executed through Ascend Asia Singapore Advisory, have received approval from the Monetary Authority of Singapore, though financial terms were not disclosed.

The acquisitions remain subject to regulatory and transaction conditions.

Following completion, Ascend Asia will operate four advisory firms in Singapore with more than 2,000 financial consultants.

The firms will retain their existing brands and client relationships. The move highlights ongoing consolidation in Asia-Pacific’s maturing wealth sector, with KKR having established Ascend Asia in July 2025.