Look Towards A New Future

Apr 11, 2012

The Future of France HNWIs to 2015: The Wealth Sector from Ile de France to the French Riviera

This report is the result of WealthInsight’s extensive research covering the HNWI population and wealth management industry in France. It provides market sizing and forecasts of the HNWI and UHNWI populations. The report leverages WealthInsight’s HNWI Database, to provide key demographic breakdowns as well as region and city specific data.

France has the sixth largest number of HNWIs in the world behind the US, Japan, China, Germany and the UK. This report not only provides detailed forecasts on expected HNWI asset allocation of French HNWIs and UHNWIs to 2015, but gives the reader the crucial insight necessary to effectively act on those projections. In addition to providing a comprehensive and robust background of the French economy, including, uniquely, detailed analysis of economic and political risks to HNWI wealth creation, the report provides robust projections of the volume, wealth and asset allocation of French HNWIs. The report then couches these findings in an analysis of the French Wealth Management and Private Banking sector, and the opportunities therein. What really sets the report apart is its analysis and presentation of the demographic trends and findings of the proprietary WealthInsight HNWI Database.

France Wealth Sector

Published: April 2012
No. of Pages: 140
Price: Single User License: US$ 4995     Corporate User License: US$7495


Reasons To Buy
  • The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises up to one hundred data points on over 100,000 HNWIs from around the world. It also includes profiles on major private banks, wealth managers and family offices in each country. With the database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
  • Comprehensive forecasts to 2015.
  • Information on sources of wealth for HNWIs in each major city, by industry and other measures.
Key Highlights
  • As of 2011, there are just over 555,000 HNWIs in France, with a combined wealth of US$2 trillion, accounting for roughly 16% of France’s total wealth (US$12.1 trillion).
  • The total number of HNWIs in France declined by 12.8% over the review period (2007 to 2011), while HNWI wealth dropped by 16.4%.
  • Over the forecast period, the total wealth of French HNWIs is forecast to grow by 12.2% at a CAGR of 2.9%, to reach US$2.2 trillion in 2015. HNWI volumes will see a smaller percentage increase, growing by 9.1% at a CAGR of 2.2% to reach just over 606,000 individuals in 2015. Notably, this is below the level of 637,000 reached at the end of 2007.
  • While Ile-de-France is home to the largest number of UHNWIs (51%), there are also sizable UHNWI populations in the Rhone Alpes (7.4%), Pays-de-la-Loire (4.9%), Aquitaine (4.3%) and Provence-Alpes-Côte d'Azur (4.3%).
  • Rhone-Alpes and Nord-pas-de-Calais were the top performing regions for UHNWIs over the review period with UHNWI wealth growth of 12% and 23%, respectively.
  • On a city level, Paris has the highest number of UHNWIs (1,501 UHNWIs), followed by Marseille (67 UHNWIs), Lyon (58 UHNWIs), Strasbourg (48 UHNWIs), Toulouse (44 UHNWIs) and Sainte Etienne (41 UHNWIs).
  • WealthInsight research shows that over 1,700 French UHNWIs have second homes in the French Riviera (Provence-Alpes-Côte d'Azur), making this region a major hotspot for the wealth management and luxury sector.
  • The wealth management sector in France is well developed with AuM of US$1.4 trillion in 2011. Private bank AuM makes up 65% (US$920 billion) of this total, while wealth managers and family offices together account for the remaining 35% (US$490 billion).
  • There are 51 private banks and 562 wealth managers currently operating in France.
  • French HNWIs account for 31% or US$430 billion of total AuM, meaning that 22% of total French HNWI wealth is managed by the French wealth management sector.
  • The French wealth management market is centered around Paris, with the Ile-de-France region accounting for 83% of wealth management offices, followed by Rhone Alpes with 5.5% of offices.