Wealth Management
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GLOBALIZATION AND WEALTH MANAGEMENT • ADITYA KHANDWE • SALIL PALSODKAR • ANUPAM GADRE
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State of the World’s Wealth • HNWI SECTOR GAINS IN 2007 : • 10.1 million individuals • worldwide held at least US$1 million in financial assets, an increase of 6.0% over 2006 • Global HNWI wealth totaled US$40.7 trillion, a 9.4% gain from 2006, with average HNWI wealth surpassing US$4 million for the first time • The Ultra-HNWI “wealth band” experienced the strongest growth, gaining 8.8% in population size and 14.5% in accumulated wealth • Emerging markets, especially those in the Middle East and Latin America, scored the greatest regional HNWI population gains • India, China and Brazil had the highest HNWI population growth at the country level • HNWI financial wealth is projected to reach US$59.1 trillion by 2012, advancing at an annual growth rate of 7.7%
HNWIs Retrench to Safer, More Familiar Investments • HNWIs moved to safer investment categories, with cash/deposits and fixed-income securities accounting for 44% of HNWI financial assets, up 9 percentage points from 2006 • Fixed-Income Securities saw a 6 percentagepoint increase in asset allocation, accounting for 27% of holdings, up from 21% in 2006 • Globally, HNWIs continued to decrease their holdings in North America • HNWIs showed greater interest in domestic market investments, preferring more familiar grounds amid heightened levels of economic uncertainty
Spotlight: Wealth Management Firms Adapt to Meet Unique Needs of Growth Markets
• Growth Can Elude Firms that Aim to Be What They Are Not • External Factors and Products/Services Need Attention, but May Not Be Big Growth Levers
GLOBALIZATION: A CATALYST FOR CHANGE • The new middle classes will demand more access to global capital markets. • Capital markets around the world are already beginning to move in step, like a single global market. • Nascent middle classes will make significant investments outside their borders, while more sophisticated investors will look to hedge the new risks of being part of a truly global workforce. This will require access to foreign capital markets and will likely lead to the rise of new types of derivatives designed to fill this need.
- 83 - 39 - 16
State of the World’s Wealth • HNWI SECTOR GAINS IN 2007 : • 10.1 million individuals • worldwide held at least US$1 million in financial assets, an increase of 6.0% over 2006 • Global HNWI wealth totaled US$40.7 trillion, a 9.4% gain from 2006, with average HNWI wealth surpassing US$4 million for the first time • The Ultra-HNWI “wealth band” experienced the strongest growth, gaining 8.8% in population size and 14.5% in accumulated wealth • Emerging markets, especially those in the Middle East and Latin America, scored the greatest regional HNWI population gains • India, China and Brazil had the highest HNWI population growth at the country level • HNWI financial wealth is projected to reach US$59.1 trillion by 2012, advancing at an annual growth rate of 7.7%
HNWIs Retrench to Safer, More Familiar Investments • HNWIs moved to safer investment categories, with cash/deposits and fixed-income securities accounting for 44% of HNWI financial assets, up 9 percentage points from 2006 • Fixed-Income Securities saw a 6 percentagepoint increase in asset allocation, accounting for 27% of holdings, up from 21% in 2006 • Globally, HNWIs continued to decrease their holdings in North America • HNWIs showed greater interest in domestic market investments, preferring more familiar grounds amid heightened levels of economic uncertainty
Spotlight: Wealth Management Firms Adapt to Meet Unique Needs of Growth Markets
• Growth Can Elude Firms that Aim to Be What They Are Not • External Factors and Products/Services Need Attention, but May Not Be Big Growth Levers
GLOBALIZATION: A CATALYST FOR CHANGE • The new middle classes will demand more access to global capital markets. • Capital markets around the world are already beginning to move in step, like a single global market. • Nascent middle classes will make significant investments outside their borders, while more sophisticated investors will look to hedge the new risks of being part of a truly global workforce. This will require access to foreign capital markets and will likely lead to the rise of new types of derivatives designed to fill this need.
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