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Home > Business/Finance > Financial Services > Financial Management
Wealth Management in Mexico 2005
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| Published Date:
October 2006
Published By:
Datamonitor
Page Count:
48
Order Code:
R313-16963
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Introduction
This report siizes, segments and forecasts the number of wealthy individuals in Mexico, assesses the market for wealth management services and the competitors aiming at this market.
Scope- Sizing and forecasting of mass affluent and high net worth individuals were generated from Datamonitor's proprietary Global Wealth Model.
- Assesses competitive developments among the region's main players.
- Key companies covered: Banamex, Bancomer & Banco Serfin.
- Geography: Mexico.
Highlights
In 2000 there were 124,500 mass affluent individuals in Mexico and 29,700 high net worths and by the end of 2004 there were 184,300 mass affluents and 49,300 high net worths holding EUR72bn in onshore liquid assets between them. Although mass affluents account for 79% of the population, they hold only 30% of the liquid assets.
The total number of mass affluent individuals in Mexico is expected to increase from 184,300 in 2004 to 269,400 in 2009, representing a compound annual growth rate of 7.9%.
The number of high net worth individuals is also expected to increase over the next five years and at a higher rate than the number of mass affluents. The compound annual growth rate of high net worth individuals over the 2004-2009 period is forecast at 8.8%, with the number increasing by just over 50% from 49,300 in 2004 to 75,000 in 2009.
Reasons to Purchase- Assess market attractiveness by reviewing size and growth forecasts up to 2009.
- Assess the threats and opportunities for wealth managers in the market.
- Learn strategies to enhance share of wallet from client base.
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