The PWMA is a Hong Kong-based voluntary association incorporated as a company limited by guarantee. The initiative to set up an industry association for the private wealth management industry is the result of a consultancy study sponsored by the Hong Kong Assocation of Banks (HKAB). HKAB and its memebrs believe that the initiative will help maintain Hong Kong's status and competitiveness as a major financial centre.
The Executive Committee consists of 9 members. As the governing body, the Committee is responsible for the management and strategic direction of the association.
The PWMA has 46 members, with an 9-member Executive Committee serving as the governing body of the PWMA.