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Home > Business/Finance > Financial Services > Asset Management
Global Wealth Predictions 2008
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| Published Date:
January 2008
Published By:
Datamonitor
Page Count:
17
Order Code:
R313-30022
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- DATAMONITOR VIEW
- CATALYST
- SUMMARY
- 2008 WILL OFFER OPPORTUNITIES TO DEVELOP NEW MARKETS AND ADDRESS PERENNIAL WEALTH MANAGEMENT CHALLENGES
- Wealth managers will continue to go east in search of expansion opportunities
- Private banks will increasingly put systems in place to plug the staffing gap. These will involve 'grow-your-own' initiatives as well as recruiting from established Western players
- Private clients will shift into Asian investments
- Wealth managers will intensify their focus on Asian and Middle Eastern clients and sharia investments
- HNWs will shift their investments into non equity-correlated asset classes
- Wealth managers will focus more on customer retention
- Clients will opt for discretionary asset management and demand more face-to-face interaction with their advisors
- Merger & acquisition activity will decline
- For wealth managers, entrepreneurs will be an important target segment
- 2007 IN REVIEW
- Consolidation activity in wealth management was expected to remain restrained in 2007
- Datamonitor anticipated that regulation would put further pressure on the sector
- 2007 would see continued activity in the development of regional business models
- Emerging markets in Asia would continue to attract international players
- Staff shortages were expected to worsen
- 2007 would see further development of distribution channels and internal referrals
- More wealth managers were expected to segment target groups by source of wealth
- Wealth managers would step up efforts at ""electronification""
- Outsourcing of investment management would remain limited
- APPENDIX
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
- List of Figures
- Figure 1: China will see strong growth in the number of wealthy individuals and their liquid assets
- Figure 2: India's growing mass affluent and wealthy segments present opportunities for wealth managers
- Figure 3: Wealth managers will poach staff from their competitors and pursue internal training
- Figure 4: Wealth managers will focus on alternative investments
- Figure 5: Clients are increasingly likely to defect to a competitor
- Figure 6: More wealth managers are offering dedicated services for entrepreneurs
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