<DOCUMENT>
<TYPE>TEXT-EXTRACT
<SEQUENCE>2
<FILENAME>filename2.txt
<TEXT>
                                                            March 15, 2019

Xiao Chen
Chief Financial Officer
Prestige Wealth Inc.
Suite 5102, 51/F
Cheung Kong Center
2 Queen's Road Central
Hong Kong

       Re: Prestige Wealth Inc.
           Draft Registration Statement on Form F-1
           Submitted February 15, 2019
           CIK No. 0001765850

Dear Ms. Chen:

       We have reviewed your draft registration statement and have the
following comments. In
some of our comments, we may ask you to provide us with information so we may
better
understand your disclosure.

       Please respond to this letter by providing the requested information and
either submitting
an amended draft registration statement or publicly filing your registration
statement on
EDGAR. If you do not believe our comments apply to your facts and circumstances
or do not
believe an amendment is appropriate, please tell us why in your response.

      After reviewing the information you provide in response to these comments
and your
amended draft registration statement or filed registration statement, we may
have additional
comments.

Draft Registration Statement on Form F-1 Submitted February 15, 2019

Cover Page

1.     Please disclose the date upon which the offering will end, as required
by Item 501(b)(8) of
       Regulation S-K.
Overview
Our Wealth Management Services, page 1

2.     Please disclose the material information necessary to summarize your
historical and future
       business operations. For example, please disclose:
 Xiao Chen
FirstName LastNameXiao Chen
Prestige Wealth Inc.
Comapany2019
March 15, NamePrestige Wealth Inc.
March 15, 2019 Page 2
Page 2
FirstName LastName


             Facilitating the sale of savings plans by third party brokers to
your asset management
             clients accounted for 93% of your total net revenue, and 98% of
your total referral
             fees, for the year ended September 30, 2018;

             The material terms of these "savings plans," which are only
vaguely described as
             providing "long-term compound interests" [sic] in pursuit of
"wealth preservation and
             growth," including but not limited to that savings plan policies
have terms of 5-years,
             10-years, more than 10 years and 20 years, and quantifying the
number of savings
             plans you have facilitated at such terms;

             Referral fees are materially higher at origination and lower upon
a policy's renewal,
             quantifying the average and ranges for each type of referral fee,
and clarifying what if
             any referral fee you receive between origination and renewal; and

             The scale of your operations and growth potential with your
existing client base. E.g.,
             19 of your 27 total clients have already purchased insurance
policies as of September
             30, 2018 (or such information updated as of a more recent date),
clarifying the number
             of clients that have already purchased savings plans, as well as
whether clients have or
             may in the future purchase multiple savings plans (or increase
their existing savings
             plan) such that you would be entitled to additional referral fees
or commissions;

         Please also discuss the degree to which your wealth management
business competes with
         your asset management business given that your clients have a limited
amount of assets to
         either invest or insure. Please make corresponding revisions to your
MD&A and Business
         sections as necessary.
Prospectus Summary, page 1

3.       Please revise your Prospectus Summary to disclose that Mr. Chi Tak Sze
will be your
         controlling shareholder following your initial public offering
consistent with your
         disclosure on page 74. Please further address here and in your risk
factors whether you
         will be a "controlled company" within the meaning of the NYSE American
Rules and
         disclose the material impact on shareholders.
Our Asset Management Services, page 2

4.       Please disclose the material information necessary to summarize the
scale and
         performance of your asset management business. For example, please
disclose the:

             Number of clients as of a recent date and the proportion of
clients classified as (i)
             "high net worth," (ii) "ultra high net worth," or (iii) neither;
 Xiao Chen
FirstName LastNameXiao Chen
Prestige Wealth Inc.
Comapany2019
March 15, NamePrestige Wealth Inc.
March 15, 2019 Page 3
Page 3
FirstName LastName
             Performance of your two funds over recent periods, each funds'
high-water mark as of
             the same periods, and that you only earn performance fees in
excess of a funds'
             lifetime high-water mark; and

             Change in your AUM from FYE 2018 to 2017 (and any recent interim
periods, if
             materially different), the reasons for this change, and the
material rights or restrictions
             on a client's ability to redeem funds (e.g. size, period, notice,
etc.).

         Please make corresponding revisions to your MD&A and Business sections
as necessary.
Risk Factors
Risks Related to Our Business
We may not be able to grow at the historical rate of growth ..., page 7

5.       Please highlight the fact that your growth from 2017 to 2018 is mainly
due to the
         commencement of your wealth management services business in 2018, and
your receipt of
         referral fees from that business, which only occurred in 2018.
If any insurance products distributed by the product brokers we work with or
our business
practices..., page 8

6.       We note your disclosure here and in your last risk factor on page 11.
Please disclose the
         material terms of the regulatory penalties or punishments to which you
may be subject,
         either for assisting in the distribution of an insurance product that
violates any applicable
         law or regulation, or for the actions of one of your insurance product
brokers.
We have amounts due from an immediate family member of one of our directors...,
page 13

7.       We note your disclosure that you expect that balance due from Ms. Zhao
will be repaid
         before the registration statement becomes effective. Please note that
an "issuer" for
         purposes of the Sarbanes-Oxley Act of 2002 includes companies that
have filed a
         registration statement, even before the registration statement has
become effective. Please
         provide us with a detailed description of the terms of the expected
repayment of all
         amounts due and how you will ensure that this takes place before you
file the registration
         statement.
8.       Please revise here and page 74 to disclose all material terms of the
transactions
         (e.g. whether and what interest accrues) and update the unpaid balance
as of a more recent
         date. Please refer to Item Item 7.B.2. of Part I of Form 20-F for
guidance.
Enforcement of Civil Liabilities, page 25

9.       We note that you have appointed Hunter Taubman Fischer & Li LLC as
your agent to
         receive service of process with respect to any action brought against
you in specific state
         and federal courts. Please revise to clarify whether you intend to
limit any claims brought
 Xiao Chen
FirstName LastNameXiao Chen
Prestige Wealth Inc.
Comapany2019
March 15, NamePrestige Wealth Inc.
March 15, 2019 Page 4
Page 4
FirstName LastName
         against you to these specific courts. If so, please revise your risk
factors to also disclose
         the material risks related to such a limitation and explain your basis
for restricting the
         forum in which claims against you may be brought as neither your
attached Memorandum
         of Association nor Articles of Association appear to contain an
exclusive forum provision.
Management's Discussion and Analysis of Financial Condition and Results of
Operations, page
30

10.      Please revise your MD&A to include a discussion and analysis of
changes in your
         financial position for each of the periods presented in your financial
statements. Please
         refer to Item 303 of Regulation S-K and SEC Release No. 33-8350.
Key Components of Consolidated Statements of Comprehensive Income (Loss)
Underlying Products and Service Mix, page 32

11.      We note your disclosure that referral fees from the subscription by
your clients of savings
         plans accounted for approximately 93% of your total net revenue for
the year ended
         September 30, 2018. Please revise to provide additional information to
allow an investor
         to clearly understand the savings plans sold by the brokers, including
but not limited to:

             The nature and basic structure of a savings plan;

             The typical amount of time a customer invests in a savings plan;

             The benefits/returns the savings plan provides, how the returns
are
             calculated/structured, if they are fixed or variable etc., and

             The key feature that makes the savings plan attractive to
customers as compared to
             other wealth management products available in the market.
Revenue
Wealth management services, page 33

12.      Please revise to disclose your weighted-average referral fee based on
the value of wealth
         management products purchased for each period presented. Going
forward, please discuss
         any significant trends.
Asset management services, page 34

13.      Please revise to include a roll forward, for all periods presented, of
assets under
         management (AUM) showing the beginning balance, gross inflows, gross
outflows,
         market appreciation/deprecation, new funds established,
acquisitions/dispositions of
         existing funds, as well as any other significant component, to arrive
at an ending AUM
         balance. Please disaggregate the AUM roll forwards by the fund
categories, type,
 Xiao Chen
FirstName LastNameXiao Chen
Prestige Wealth Inc.
Comapany2019
March 15, NamePrestige Wealth Inc.
March 15, 2019 Page 5
Page 5
FirstName LastName

         products, etc., if meaningful to understand your business. Please
identify significant
         trends or concentrations within a particular fund category and/or
investor type to
         understand significant trends in your AUM and discuss the causal
factors for the trends.
         Refer to Item 303(a)(3) of Regulation S-K.
14.      We note your disclosure on page 34 that subscription fees are range
from 0.80% to 1.25%
         of the capital contributions made to the funds committed capital and
that management fees
         range from of one-twelfth of 0.8% to 1.5% of the net asset value
attributable to our
         client's respective equity holding positions. For all periods
presented, please quantify the
         weighted average subscription and management fee rate and, if
relevant, include a
         discussion of any significant trends in your average fee rates.
Industry, page 45

15.      We note you disclose information in this section in both RMB and HKD,
with limited
         references to USD approximations. Whereas elsewhere in your prospectus
you refer to
         your "assets, obligations, commitments and liabilities" in USD. Please
revise to also
         convert currency information in this section to enhance investor
understanding of your
         industry and comparability with disclosures regarding your business.
16.      Please revise to focus on the industry background most relevant to
your business
         operations. For example, please revise to:

             Clarify what type of insurance "savings plans" are (e.g.,
long-term; investment linked;
             general; business; composite, etc.) which were your principal
source of revenue in
             FYE 2018.

             Provide material information regarding hedge funds within the
asset management
             business generally, particularly fund of fund hedge funds, given
than both PGA and
             SP1 are FOF hedge funds.

             Distinguish between the market segments in which you currently
operate, those in
             which you propose to expand into (and have outlined such plans
elsewhere in your
             prospectus), and those in which you do not operate in or have any
current plans to
             operate in such that this information is presented merely as
background.
Improvement of Regulation For Better Investor Protection., page 47

17.      We note your disclosure that updated regulations by the Hong Kong
Securities and
         Futures Commission regulations "will be effective in Aug 2018" to
address conflicts of
         interest and that further regulatory updates were being developed.
Please revise to update
         this information as of a recent date and expand upon any regulations
that you anticipate
         could have a material impact on your business.
 Xiao Chen
FirstName LastNameXiao Chen
Prestige Wealth Inc.
Comapany2019
March 15, NamePrestige Wealth Inc.
March 15, 2019 Page 6
Page 6
FirstName LastName
Overview of the Insurance Market in Hong Kong
Rising Demand for Insurance Policies from the PRC Visitors, page 48

18.      Please revise to define a "PRC visitor" and explain how that is
different than a "PRC
         Citizen".
Competitive Landscape..., page 49

19.      Please revise to explain how there were "2,410 insurance agencies"
when there were only
         "160 authorized insurers in Hong Kong," both as ofJune 30, 2018.
Please further define
         acronyms used in your prospectus (e.g. PIBA and CIB).
Business
Competitive Advantages
Significant Satisfaction, Approval from Client and High Client Retention, page
53

20.      Please revise to include quantitative or additional qualitative
support for your "high"
         client retention and satisfaction.
Access to Highly Desirable but Scarce Products and Services, page 54

21.      Revise to clarify why the "relatively rarer insurance polices [that
you offer clients access
         to are] not available to all insurance brokers." Please make
corresponding revisions with
         respect to access to certain "global high quality assets" such as U.S.
and E.U. based hedge
         funds "that are rarely open to Asia investors or individual
investors."
Carefully Selected..., page 54

22.      Please expand upon the specific criteria you use in selecting the
insurance product
         brokers that you work with. Relatedly, please revise to clarify
whether and how
         "qualified" insurance brokers differ from "licensed" insurance
brokers.
23.      Please expand upon the specific criteria you used to
"carefully-select[]" the over 150
         hedge funds in your proprietary database. Relatedly, please to support
your descriptions
         of these hedge funds as "world-leading" and "top ranked."
Wealth Management Services, page 55

24.      Please disclose the material terms of your referral fees and clarify
the scope of the
         relationship between you, your clients, and the insurance brokers that
you introduce. For
         example:

             Describe the material terms of your referral service agreements,
including duration and
             expiration dates, exclusivity and termination provisions, as well
as other material
             provisions, and highlight those with respect to with Blue Ocean
Wealth Management
 Xiao Chen
FirstName LastNameXiao Chen
Prestige Wealth Inc.
Comapany2019
March 15, NamePrestige Wealth Inc.
March 15, 2019 Page 7
Page 7
FirstName LastName
             (Hong Kong). In this regard, we note disclosure in your risk
factor on page 9 entitled
             "We generate the majority of our revenues through a limited number
of product
             brokers," that the duration of these contracts is "short" and that
your contract with
             Blue Ocean Wealth Management (Hong Kong) which generated
approximately
             76.93% of your total revenues in your last fiscal year.

             Disclose the range and average of applicable "'free-look
period[s]' during which the
             client may cancel the insurance policies," whether any of these
insurance products
             may be canceled outside of these free look periods, and if there
are any situations (e.g.,
             clawback or similar provisions) where you would be required to
repay or remit any of
             your referral fees.

             Clarify whether insurance brokers may approach or re-engage
clients following your
             introduction and the degree to which you would be entitled to
compensation in these
             circumstances (e.g. at the expiration of a contract; after the
passage of time; to offer
             other insurance products, whether or not originally available;
etc.).
25.      Please disclose the actual referral fees due from Blue Ocean Wealth
Management (Hong
         Kong) Limited that are material to your business. In this regard we
note that this
         relationship generated approximately 76.93% of your total revenues,
and approximately
         81% of your total revenues for your wealth management operations, for
the fiscal year
         ended September 30, 2018.
Our Value to Our Clients and Value-Added Services Offerings, page 58

26.      Please disclose the term for which personal assistant services in Hong
Kong are provided,
         whether and what costs you incur for providing "value-added" or
"value-adding" services
         other than personal assistant services, and the "other value-added
services" you plan to
         offer in the future as a part of your growth strategy. Please also
clarify which
         component of your operating costs and expenses relate to these
"value-added" or "value-
         adding" services.
Regulations, page 62

27.      Please revise to clearly disclose the extent to which you are subject
to PRC regulations
         which restrict an entity's ability to access foreign capital markets.
To the extent you are
         subject to these restrictions, please tell us how your current
organization structure is
         compliant with PRC regulations.
Regulations Related to our Business Operation in Hong Kong
Regulations related to our Wealth Management Services, page 62

28.      Please revise here and your last risk factor on 12 to provide your
detailed analysis for why
         you are not "engaged in [the] insurance brokerage business in Hong
Kong" and support
 Xiao Chen
FirstName LastNameXiao Chen
Prestige Wealth Inc.
Comapany2019
March 15, NamePrestige Wealth Inc.
Page 8
March 15, 2019 Page 8
FirstName LastName
         your belief that you should not be "regulated as an insurance agent or
an insurance broker
         under Hong Kong laws." Please also outline the material government
regulations on the
         various insurance products whose sale you facilitate, or the third
party brokers with which
         you contract, given that substantially all of your net income for the
past fiscal year was
         derived from facilitating the sale of these insurance products. Please
refer to Item 4.C.8 of
         Form 20-F for guidance.
Notes to Consolidated Financial Statements
Note 4 Accounts Receivable, page F-14

29.      Please revise to disclose an aging of your accounts receivable and
your policy for
         determining past due or delinquency status. Please refer to ASC
310-10-50.
Exhibit Index, page II-5

30.      Please attach the following as exhibits or explain why you do not
believe they are required
         by Item 601(b)(10) of Regulation S-K:

             The "acknowledgement letter" executed by the wife of your
controlling shareholder,
             Ms. Zhao, concerning the amount due to you, which totaled
$2,993,980 as of
             September 30, 2018 and $2,653,794 as of January 31, 2019.

             Your contract(s) with Blue Ocean Wealth Management (Hong Kong)
Limited which
             was responsible for approximately 76.93% of your total revenues in
fiscal year 2018.

         Please refer to Securities Act Rule 406 and Section II.B.2 of Staff
Legal Bulletin No. 1,
         available on our website, for guidance.
General

31.      Please supplementally provide us with copies of all written
communications, as defined in
         Rule 405 under the Securities Act, that you, or anyone authorized to
do so on your behalf,
         present to potential investors in reliance on Section 5(d) of the
Securities Act, whether or
         not they retain copies of the communications.
 Xiao Chen
Prestige Wealth Inc.
March 15, 2019
Page 9

        You may contact William Schroeder, Staff Accountant, at (202) 551-3294
or Michael
Volley, Staff Accountant, at (202) 551-3437 if you have questions regarding
comments on the
financial statements and related matters. Please contact Christopher Dunham,
Staff Attorney, at
(202) 551-3783 or Pamela A. Long, Assistant Director, at (202) 551-3765 with
any other
questions.



                                                           Sincerely,
FirstName LastNameXiao Chen
                                                           Division of
Corporation Finance
Comapany NamePrestige Wealth Inc.
                                                           Office of Financial
Services
March 15, 2019 Page 9
cc:       Ying Li, Esq.
FirstName LastName
</TEXT>
</DOCUMENT>
