Challenges and Opportunities for the Wealth Sector in Australia

The report is a thorough analysis of Australia’s Wealth Management and Private Banking sector, and the opportunities and challenges that it faces. In addition to providing a comprehensive and robust background of the local economy, including, uniquely, detailed analysis of economic and political risks to HNWI wealth creation, the report provides robust projections of the volume and wealth of Australia’s HNWIs.

Scope
The report features:

• Independent market sizing of Australia’s HNWIs
• Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in Australia
• Insights into the drivers of HNWI wealth
• Detailed family office information and trends from 2007 to 2011
• Insights into the drivers of HNWI wealth

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

Wealth Sector Challenges and Opportunities Market

Published: March 2012
No. of Pages: 63
Price: Single User License: US$ 1995          Corporate User License: US$ 2995 

This report is the result of WealthInsight’s extensive research covering the HNWI population and Wealth Management industry in Australia.

Key Highlights

• There are just over 274,000 HNWIs in Australia, with an average wealth of US$3.1 million per person and a combined wealth of US$845 billion.
• The number of Australia’s HNWIs increased by 8.9% (2.2% pa) over the review period (2007-2011), while total wealth grew by 0.9% (0.2% pa).
• The number of Australian HNWIs is expected to rise by 20% (4.7% pa) from 2011 to reach over 330,000 individuals by 2015, while HNWI wealth will grow by 26% (6.0% pa) to reach US$1.1 trillion in 2015. Most of the growth in wealth will be driven by the lower-tier millionaires, whose wealth is expected to rise by over 33%.
• Australia is one of the largest private banking centres in Asia, with AuM of US$350 billion. The local market is dominated by local wealth managers and family offices. The single family office segment alone constitutes over US$180 billion in AuM.
• It should be noted that the size of the wealth management industry is limited by the dominant pension fund market, which makes it less necessary for core millionaires, and especially lower-tier millionaires, to use wealth managers.
• New South Wales is home to the largest number of SFOs in Australia (39%), followed by Victoria (27%), Queensland (19%) and then Western Australia (11%).
• Western Australia offers the greatest potential for new family offices as it has relatively few SFOs compared to its total number of UHNWIs

High Net Worth Trends in Australia to 2015

Scope
The report features:

• Independent market sizing of Australia’s HNWIs
• Volume and wealth trends from 2007 to 2011 
• Volume and wealth forecasts to 2015
• Insights into the drivers of HNWI wealth

Key Highlights

• There are just over 274,000 HNWIs in Australia, with an average wealth of US$3.1 million per person and a combined wealth of US$845 billion.
• The number of Australia’s HNWIs increased by 8.9% (2.2% pa) over the review period (2007-2011), while total wealth grew by 0.9% (0.2% pa).
• Australian HNWI volumes and wealth were positively influenced by a significant 44% rise in US dollar per capita GDP levels, which rose from US$46,000 in 2007 to US$66,000 in 2011. This in turn was influenced by a significant 19% appreciation of the Australian dollar against the US dollar over the review period.
• The number of Australian HNWIs is expected to rise by 20% (4.7% pa) from 2011 to reach over 330,000 individuals by 2015, while HNWI wealth will grow by 26% (6.0% pa) to reach US$1.1 trillion in 2015. Most of the growth in wealth will be driven by the lower-tier millionaires, whose wealth is expected to rise by over 33%.

HNWIs Wealth Management industry

Published: March 2012
No. of Pages: 49
Price: Single User License: US$ 1995                 Corporate User License: US$ 2995



The report provides projections of the volume and wealth of Australia’s HNWIs and a comprehensive background of the Australian economy. This includes demographic trends (2007-2011) and findings of the proprietary WealthInsight HNWI Database.

Synopsis

This report is the result of WealthInsight’s extensive research covering the HNWI population and Wealth Management industry in Australia.

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

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Wealth Management in the US

The US wealth management industry continues to strive to recover wealth lost during the 2008 financial crisis. In doing so, US wealth managers must adapt to the increasingly complex regulatory environment. The market is a mixture of retail bank private bank operations, investment bank-led and brokerage-based wealth managers, multi-family offices, and foreign banks.

Features and benefits

• Build your customer targeting strategy using in-depth HNW demographics and needs analysis based on Datamonitor's annual Global Wealth Manager Survey.
• Assess your competition through detailed profiles of notable players, including the customer targeting, marketing and product strategies they employ.
• Size your potential client base using Datamonitor's proprietary data, presenting the number of affluent individuals by liquid asset band to 2015.

Your key questions answered

• What strategies are my competition employing to win and keep affluent clients?
• Which products and services will affluent clients in the US want in the next two years?
• How is the US wealth management industry structured? What role do banks and asset managers play?
• How many potential clients in the US have onshore liquid assets that would allow me to run a very profitable business?
• Who are the main regulators in Switzerland and which legislation has impacted wealth managers?

US Wealth Management Market

Published: February 2012
No. of Pages: 105
Price: Single User License: US$ 4495     Corporate User License: US$ 11238





Highlights

The US onshore affluent population constitutes 40.7% of the total adult population (aged 20 and above). The established nature of many industries in the largest and most developed economy in the world, alongside an established culture of entrepreneurialism, has fueled the development of a large pool of affluent individuals in the US.

The US HNW customer is typically over 51 years old and male. Wealth is amassed through earned income and business/entrepreneurship or inheritance. Liquid wealth is held in equities and government bonds. There is a strong appetite for discretionary asset management. There is a high understanding of financial products and a moderate risk appetite.

Investment bank-led and brokerage-based wealth managers exist alongside defined private banking operations from US retail banks, as well as independent family offices. Numerous foreign banks are present in the US in both the onshore and offshore market. There is also a large number of investment advisors in the US market.

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HNWI in Singapore Wealth Management Industry (2010-2015) now available at ReportsnReports

Dallas, TX: ReportsnReports announce it will carry HNWI in Singapore Wealth Management Industry – Trends, Analysis and Forecast (2010-2015) Market Research Report in its Store.

HNWIs population and wealth is growing at a very fast rate when compared to the global and Asia-pacific average. The wealth of HNWIs in Singapore is growing at 35.6%, whereas wealth of HNWIs is growing at 17.1% globally and 25.8% in APAC. The population of HNWIs is growing at 35.6% in Singapore, whereas it is growing at 18.9% globally and 30% in APAC. The growing wealth and population of HNWIs in Singapore provides a huge opportunity for wealth management companies. It is imperative for wealth management companies to know the changing needs and behavior of HNWIs in order to increase their profitability and customer base.

Original Source: Wealth Management Industry

Buy Now: Market Research

HNWIs in Singapore are demanding frequent personal interactions with their wealth managers. They want their managers to possess better product knowledge, be open to new ideas, and personally interact with them on a regular basis. They want them to understand their needs and the risk associated with a particular investment product. One of the major reasons why HNWIs change their wealth managers is their failure to understand the needs of clients.

The growing population of HNWIs in Singapore is providing a huge opportunity for wealth management firms to increase their revenues and customer base. The main purpose of this report is to study the changing needs and behavior of HNWIs in Singapore. It also aims to study their investing patterns and the factors, which will drive HNWIs wealth and the challenges faced by wealth management firms.

Browse complete report: HNWI in Singapore Wealth Management Industry – Trends, Analysis and Forecast (2010-2015)

Scope of the report

Market Overview

This section discusses the market size and segmentation of the wealth management industry as a whole, and segmentation of the wealth of HNWIs in Singapore based on the way they have accumulated it, and the different asset classes and geographies in which they invest it.

Market Dynamics

This section discusses the trends related to changes in the needs and demands of HNWIs in Singapore as well as the factors that are driving wealth creation in the country. It also discusses the investments made by HNWIs in different asset classes and the challenges faced by the wealth management firms.

Trends of HNWIs in Singapore

This section discusses the varying demands of HNWIs based on their age group and the criteria they follow to choose their wealth managers. This section also discusses what asset classes are favored by HNWIs in Singapore.

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Browse all Wealth Management Market

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Business case study

The case study discusses the measures taken by Oversea-Chinese Banking Corporation (OCBC) Bank based in Singapore, to improve customer service by streamlining its operations and save time on managing client information.

Company Profiles

This section describes companies offering wealth management services in Singapore, and includes an overview, primary business, wealth management operations in Singapore, strategies followed by them and recent developments related to wealth management operations in India

Related Reports:

HNWI of Indian Wealth Management Industry – Trends, Analysis And Forecast (2010-2015)

Wealth Management Industry in U.S. - Changing Trends, Opportunities, & Strategies

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