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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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- EXECUTIVE SUMMARY
- INTRODUCTION
- What is this report about?
- Who is the target reader?
- How to use this report
- Note on exchange rates
- MEXICAN MASS AFFLUENTS AND HIGH NET WORTHS
- Introduction
- Mexico's retail savings and investments market is well-diversified
- Deposits are the largest asset class, but mutual funds are also popular
- 233,000 wealthy Mexicans held EUR72bn in onshore liquid assets in 2004, mostly in the hands of high net worths
- Mexican wealth took a hit during the stock market bust but did not decline
- High net worths account for 21% of Mexico's wealthy population and 70% of that population's onshore liquid assets
- Mexico lacks high net worth investors with entrepreneurial objectives
- Regulatory overhauls in the last 15 years have created a banking system that is predominantly foreign-owned, but still difficult to enter
- 1995 was a watershed year for foreign banks in Mexico
- Foreign firms find investment in Mexico a bureaucratic quagmire
- Wealthy clients in Mexico are interested in internet banking and tend to split their assets between the U.S. & Mexico
- Mexican clients are demanding more advisory products and are looking to preserve their wealth
- The Mexican banking industry is largely oligopolistic
- Data
- COMPETITION FOR MEXICAN WEALTHY CLIENTS
- Introduction
- Key findings
- The Mexican banking market is consolidated
- The top five banks hold 88% of the sector's assets
- Wealth Management in Mexico
- Banamex is Mexico's largest bank
- Grupo Financiero BBVA Bancomer is the largest financial institution in Mexico
- Banco Serfin was named the best emerging market bank in Latin America in 2006
- Mexico's offshore preferences
- FUTURE MARKET SIZE
- Introduction
- Key findings
- Market growth to 2009
- The number of mass affluent individuals in the Mexican market is expected to dwarf that of high net worths over the next five years
- More stringent financial regulations and an improved legal framework are some of the lessons to be learned from the Tequila Crisis
- Data
- APPENDIX
- Definitions
- Aggregate
- High net worth (HNW)
- Liquid assets
- Liquid asset bands
- Mass affluent
- Global Wealth Model Methodology
- The UK sub model
- European sub model
- Forecasting methodology
- Continuous refinement to the understanding of liquid wealth distribution
- Specific changes to data this year
- Datamonitor's wealth numbers compared with other wealth numbers
- Further Reading
- Global Wealth Management SPP
- Interactive Databases
- Market Reports
- Strategic Insight Reports
- Wealth Management Competitor Tracker
- Datamonitor Asia Pacific Wealth Management SPP
- SPP writing team
- List of Tables
- Table 1: Retail savings and investments, % invested by asset class, 1999-2004
- Table 2: Mexico mass affluent onshore liquid assets, EURbn, 2000-4
- Table 3: Mexico number of mass affluent individuals, EURbn, 2000-4
- Table 4: Mexico high net worth onshore liquid assets, EURbn, 2000-4
- Table 5: Mexico number of high net worth individuals, EURbn, 2000-4
- Table 6: Mexico mass affluent onshore liquid assets, EURbn, 2005-9
- Table 7: Mexico number of mass affluent individuals, EURbn, 2005-9
- Table 8: Mexico high net worth onshore liquid assets, EURbn, 2005-9
- Table 9: Mexico number of high net worth individuals, EURbn, 2005-9
- List of Figures
- Figure 1: Mexico's wealthy population stagnated but did not decline during the stock market bust
- Figure 2: The top 5 banks in Mexico account for 81% of banking assets, December 2005
- Figure 3: The number of wealthy Mexican individuals and the amount liquid assets are both expected to grow at a steady pace over the next 5 years
- Figure 4: Deposit market shares have remained fairly steady in the last five years
- Figure 5: Mexico's wealthy population stagnated but did not decline during the stock market bust
- Figure 6: High Net Worths held 70% of wealthy investors' onshore liquid assets in 2004
- Figure 7: The top 5 banks in Mexico account for 81% of banking assets, December 2005
- Figure 8: The number of wealthy Mexican individuals and the amount liquid assets are both expected to grow at a steady pace over the next 5 years
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