Summary

The global private wealth market had an off year in 2018, with a good profit result but contracting assets under management (AUM). While there was no change in the order of the world’s five largest private wealth managers, there was more movement lower down the rankings as continued merger and acquisition activity boosted some players’ AUM in a down year for most. Net inflows were down significantly from the bumper year of 2017 yet remained positive at all but a few troubled players. Revenue growth continued despite the contraction in AUM, which helped boost wealth profits despite a modest degradation of the cost/revenue ratio.

This report benchmarks the world’s leading wealth managers by managed client assets and financial performance. All international public wealth managers with over $100bn in private client AUM are featured in the report, including standalone private banks and wealth managers as well as competitors that are part of larger universal financial groups.

Scope

- Even with AUM down 5.5%, UBS’s position as the...

Summary

The global private wealth market had a good 2017, and the top players of the sector benefited significantly as a result. While there was no change in the order of the world’s five largest private wealth managers, the Super League effectively gained market share among HNW investors, growing assets under management (AUM) at a faster pace than the overall wealth markets. Net inflows were the strongest since we began tracking and collectively, profits rose as cost-to-income ratios improved.

This report benchmarks the world’s leading wealth managers by managed client assets and financial performance. It covers the 36 most prominent institutions, including standalone private banks and wealth managers, as well as competitors that are part of larger universal financial groups. All international public wealth managers with over $100bn in private client AUM are featured in the report.

Scope

- Ranks competitors by private clients’ AUM.
- Looks at client assets booked in other than pure wealth management services, including brokerage....

Summary

The outlook is positive for the Indian wealth market, with performance over the coming five years set to improve on the previous five. India’s economy is performing strongly, with reforms such as the goods and services tax starting to take effect and encourage growth. While there are challenges - including the weak rupee and high oil prices - the positive momentum is expected to continue into 2019. All asset classes continue to attract inflows, with mutual funds experiencing particularly strong growth in the wake of a high-profile awareness-building campaign. While there is the noted non-resident Indian market, beyond this the retail non-resident market is limited, with foreign investors only able to access Indian equity markets and mutual funds as of 2012.

This report analyzes India’s wealth and retail savings and investments markets, with a focus on the HNW segment. The report is based on our proprietary datasets.

Specifically the report -
- Sizes the affluent market (both by number of individuals and the value of their assets) using G...

Summary

"Super League In-Depth Analysis: HSBC Private Bank 2018", report is a comprehensive analysis of HSBC’s private banking operations. It offers insight into the company’s strategy and financial performance, including key data on AUM. Customer targeting and service proposition are also covered, as well as product innovation and marketing activities.

Headquartered in London, HSBC Holdings is a global universal bank. HSBC Private Bank is a brand used by its Global Private Banking division, catering to individuals with more than $5m (or local currency equivalent) in assets. Some wealth management operations are also run within HSBC’s Retail Banking and Wealth Management business.

The profile offers -
- Insight into HSBC Private Bank’s growth strategy.
- Overview of the firm’s organizational structure.
- Clear presentation of the company’s geographical coverage and expansion strategy, including M&A activity.
- Analysis of the firm’s financial performance, including comparison with other global wealth managers.
- E...

Summary

"Super League In-Depth Analysis: RBC Wealth Management 2018", competitor profile provides a comprehensive analysis of RBC’s wealth management operations. It offers insight into the company’s strategy and financial performance, including key data on AUM. Customer targeting and service propositions are covered too, as well as product innovation and marketing activities.

Headquartered in Toronto, Canada, RBC Wealth Management (RBC WM) is one of the five main business segments of RBC. This segment has four divisions, including the company’s Global Asset Management unit. RBC Wealth Management has 1,700 investment advisors in Canada and 1,800 financial advisors in the US. It also maintains offices in seven other countries.

The profile offers -
- Insight into RBC Wealth Management’s growth strategy
- An overview of the firm’s organizational structure
- Clear presentation of the company’s geographical coverage and expansion strategy, including M&A activity
- Analysis of the firm’s financial performance, including com...

Summary

The outlook is highly positive for the Danish wealth market, with performance over the coming five years set to improve on the previous five. Denmark’s economic position is strong, with impressive private consumption driving economic growth and economic growth in turn driving household saving. The country also has a high current account surplus, which saw it introduce negative interest rates in 2012. While household savings were protected, returns on deposits are minimal. Even so, both deposits and mutual funds continue to attract steady inflows. On the other hand, bond investments are diminishing, and it is a shrinking market for retail investors. The retail non-resident market is small, but does attract participation in Denmark’s equity and bond markets.

This report analyzes Denmark’s wealth and retail savings and investments markets, with a focus on the HNW segment. The report is based on our proprietary datasets.

Specifically the report -
- Sizes the affluent market (both by number of individuals and the value of their assets) usin...

Summary

"Wealth in South Africa: HNW Investors 2017", analyzes the South African investment market, with a focus on the HNW segment. The report is based on our proprietary datasets.

More than 40% of South African HNW investors generated their wealth through earned income, mainly through manufacturing and the real estate and property sector. Most HNW individuals opt to have their assets managed by a professional, driven by a lack of expertise. However, clients who self-direct their investments do so mainly to avoid management fees and to retain exclusive control over some of their portfolio. Equities are the preferred asset class, but property, alternatives, and cash are forecast to experience notable increases over the next 12 months. Demand is quite pronounced for pension and inheritance planning, and a strong increase in demand is forecast across all planning services.

Specifically the report -
- Sizes the affluent market (both by number of individuals and their demographics) using our proprietary datasets.
- Analyzes which asset clas...

Summary

"Wealth in the UK: HNW Investors 2017", analyzes the investing preferences and portfolio allocation of UK HNW investors. The report is based on our proprietary Global Wealth Managers Survey.

London is a major wealth capital with competitive financial services, fintech, and property industries. HNW individuals from around the world reside in the UK, particularly London, for its attractive lifestyle and business opportunities. The majority of UK HNW investors are over the age of 50, with males accounting for the majority. Equity and bond investments constitute the greatest proportions of UK HNW portfolios, mirroring the regional average. UK wealth managers experience strong demand for financial products and services, with pension planning in particularly high demand.

Specifically the report -
- Profiles the average UK HNW investor in terms of their demographics and analyzes the expat opportunity in the UK.
- Analyzes which wealth management mandates are preferred among UK HNW investors and how the demand will develop going forward...

Summary

With the commodities market bust behind it the Canadian wealth market has grown faster than normal, with capital appreciation in mutual funds and equities driving the bounce. However, rapid growth will elude Canada as a tepid recovery in oil and gas along with substantial household debt loads will see slower growth over the rest of the forecast period.

Wealth in Canada: Sizing the Market Opportunity 2017 analyzes the Canadian wealth and retail savings and investments markets, with a focus on the HNW segment. The report is based on our proprietary datasets.

Specifically the report -
- Sizes the affluent market (both by number of individuals and the value of their liquid assets) using our proprietary datasets.
- Analyzes which asset classes are favored by Canadian investors and how their preferences impact the growth of the total savings and investments market.
- Examines HNW clients’ attitudes towards non-traditional investments, such as property and commodities.
- Identifies key drivers and booking centers for offshore investments...

Summary

"Wealth in China: Sizing the Market Opportunity 2017" analyzes the Chinese wealth and retail savings and investments markets, with a focus on the HNW segment. The report is based on our proprietary datasets.

Thanks to lower economic productivity, the remarkable wealth growth rates of the past few years will not be repeated in China over the forecast period. Nevertheless, strong predicted retail investments growth - led by strong mutual fund performance - will continue at a faster rate than in the wider region. Between 2016 and 2020 liquid assets held by affluent individuals are forecast to record a compound annual growth rate (CAGR) of 10%, representing a sizable opportunity for wealth managers operating in the country.

Chinese HNW investors allocate a noteworthy proportion of their investments into non-traditional assets, mostly in real estate. However, alternative and commodities investments also constitute an above-average and growing proportion. To gain access to a better range of investment options, HNW investors in China also inv...

Summary

"Wealth in France: HNW Investors 2017" analyzes the French investment market, with a focus on the HNW segment. The report is based on our proprietary datasets.

Almost a third of French HNW investors have generated their wealth through being a first-generation entrepreneur. Inheritance ranks second as a source of wealth, and 46% of French investors attribute their fortune to the property and financial services sectors, reflective of market demand and stability. When opting to have wealth managed by a professional, French HNW clients are mostly driven by a lack of time and expertise. However, clients who self-direct their portfolios show a strong reluctance to relinquish complete control. Equities are the preferred asset class, followed by property and bonds. Demand is quite pronounced for tax advice, but financial planning services demand is forecast to grow at a faster pace.

Specifically the report -
- Sizes the affluent market (both by number of individuals and their demographics) using our proprietary datasets.
- Analyzes which...

Summary

GlobalData’s “Wealth in Switzerland: HNW Investors 2017”, report analyzes the investing preferences and portfolio allocation of Swiss HNW investors. The report is based on our proprietary Global Wealth Managers Survey.

Inheritors form the largest segment among Swiss HNW individuals, who have generated their wealth mainly through property and real estate, in addition to professional services. Expats in Switzerland account for 8.4% of the HNW population, who along with the rest of the country’s HNW population are keen to invest a proportion of their wealth locally. Looking ahead, greater demand for wealth management services such as inheritance and financial planning is expected.

Scope

- Profiles the average Swiss HNW investor in terms of their demographics and analyzes the expat opportunity in Switzerland.
- Analyzes which wealth management mandates are preferred among Swiss HNW investors and how the demand will develop looking forward.
- Examines the allocation of Swiss HNW investors’ portfolios into different asset...

Summary

With the commodities market bust behind it the Canadian wealth market has grown faster than normal, with capital appreciation in mutual funds and equities driving the bounce. However, rapid growth will elude Canada as a tepid recovery in oil and gas along with substantial household debt loads will see slower growth over the rest of the forecast period.

Wealth in Canada: Sizing the Market Opportunity 2017 analyzes the Canadian wealth and retail savings and investments markets, with a focus on the HNW segment. The report is based on our proprietary datasets.

Specifically the report -
- Sizes the affluent market (both by number of individuals and the value of their liquid assets) using our proprietary datasets.
- Analyzes which asset classes are favored by Canadian investors and how their preferences impact the growth of the total savings and investments market.
- Examines HNW clients’ attitudes towards non-traditional investments, such as property and commodities.
- Identifies key drivers and booking centers for offshore investments...

Summary

GlobalData’s “Wealth in the US: HNW Investors” report analyzes the investing preferences and portfolio allocation of US HNW investors. The report is based on our proprietary Global Wealth Managers Survey.

The US is the largest wealth market in the world, and home to a diverse and sizable HNW segment. As the population continues to age, building ties with younger generations will ensure the successful transfer of wealth to beneficiaries. The range of countries of origin among HNW expats in the US is diverse, with the majority from China and the UK. Over one third of client investment portfolios are allocated into equity investments, and with continued market uncertainty expected in the future, greater importance is placed on cash holdings.

Specifically, the report -
- Profiles the average US HNW investor in terms of their demographics and analyzes the expat opportunity in the US.
- Analyzes which wealth management mandates are preferred among US HNW investors and how the demand will develop looking forward.
- Examines the allocati...