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Published: Oct, 2013 | Pages:
128 | Publisher: WealthInsight
Industry: Wealth Management | Report Format: Electronic (PDF)
Synopsis
This report is the result of WealthInsight's extensive research covering the high net worth individual (HNWI) population and wealth management market in the US. The report focuses on HNWI performance between the end of 2007 (the peak before the global financial crisis) and the end of 2012. This enables us to determine how well the country's HNWIs have performed through the crisis.
Summary
There are 5.8 million HNWIs in the UAE and 44,934 in the US in 2012. This report reviews the performance and asset allocations of HNWIs and Ultra HNWIs in the UAE highlights top-performing cities. It also includes an evaluation of the local wealth management market.
Scope
Independent market sizing of the US HNWIs across five wealth bands HNWI volume, wealth and allocation trends from 2008 to 2012 HNWI volume, wealth and allocation forecasts to 2017 HNWI and UHNWI asset allocations across 13 asset classes Geographical breakdown of all foreign assets Alternative breakdown of liquid vs. investable assets Number of UHNWIs in major cities Number of wealth managers in each city City wise ratings of wealth management saturation and potential Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in the US. Size of the US wealth management industry Largest domestic private banks by AuM Detailed wealth management and family office information Insights into the drivers of HNWI wealth.
Reason 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 dossiers on over 60,000 HNWIs from around the world. The Intelligence Center also includes tracking of wealth and liquidity events as they happen and detailed profiles of major private banks, wealth managers and family offices in each market. 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. Report includes comprehensive forecasts to 2017. Also provides detailed information on UHNWIs in each major city.
Key Highlights
There were approximately 5.8 million HNWIs in the US in 2012. These HNWIs held US$21.7 trillion in wealth, which equated to around 35% of total individual wealth held in the country. During the review period, the number of HNWIs who acquired their wealth through the financial services industry increased by 63%. Equities and alternative products recorded the strongest growth during the review period, driven by strong recovery in the US economy. There were 44,934 UHNWIs in the US in 2012, with an average wealth of US$138 million per person, making them the prime target group for wealth sector professionals. Of this total, there were 443 billionaires, 13,080 centimillionaires and 31,411 affluent millionaires in 2012. At the end of 2012, US HNWIs held 23.6% (US$5.1 trillion) of their wealth outside their home country, which is within the range of the worldwide norm of 20-30%.
1 Introduction 1.1 Details of this Report 1.2 Definitions 2 Executive Summary 3 Wealth Sector Fundamentals 3.1 Political Background 3.2 Economic Background 3.3 Social Background 3.4 Benchmarking US Wealth in Context 3.4.1 Distribution of wealth in the US 3.5 HNWI Volume and Wealth Trends 4 Findings from the WealthInsight HNWI Database 4.1 Trends in HNWI Wealth to 2017 4.1.1 HNWI trend analysis 4.1.2 Trends of the wealth bands 4.1.3 Demographic breakdown of HNWIs 4.1.4 HNWIs - job titles 4.1.5 HNWIs - industry breakdown 4.1.6 HNWIs - industry performance 4.1.7 HNWIs - breakdown by city 4.1.8 HNWIs - city performance 4.1.9 HNWIs - city population densities 4.1.10 HNWIs - city forecasts 4.1.11 HNWIs - breakdown by state 4.1.12 HNWIs - state performance 4.1.13 HNWIs - state population densities 4.2 UHNWIs 4.2.1 UHNWI volume trend analysis 4.2.2 UHNWI wealth trend analysis 4.2.3 Demographic breakdown of UHNWIs 4.2.4 UHNWIs - industry breakdown 4.2.5 UHNWIs - city breakdown and performance 4.3 UHNWIs - Billionaires 4.3.1 Billionaire volume trend analysis 4.3.2 Billionaire wealth trend analysis 4.3.3 Billionaire per capita net worth trend analysis 4.3.4 List of billionaires 4.4 UHNWIs - Centimillionaires 4.4.1 Centimillionaires volume trend analysis 4.4.2 Centimillionaire wealth trend analysis 4.4.3 Centimillionaire per capita net worth trend analysis 4.5 UHNWIs - Affluent Millionaires 4.5.1 Affluent millionaire volume trend analysis 4.5.2 Affluent millionaire wealth trend analysis 4.5.3 Affluent millionaire per capita net worth trend analysis 4.6 Core HNWIs 4.6.1 Core HNWI volume trend analysis 4.7 Core HNWIs - Mid-Tier Millionnaires 4.7.1 Mid-tier millionnaire volume trend analysis 4.7.2 Mid-tier millionaire wealth trend analysis 4.7.3 Mid-tier millionaire per capita net worth trend analysis 4.8 Core HNWIs - Lower-Tier Millionaires 4.8.1 Lower-tier millionaire volume trend analysis 4.8.2 Lower-tier millionaire wealth trend analysis 4.8.3 Lower-tier millionaire per capita net worth trend analysis 5 Analysis of US HNWI Investments 5.1 Analysis by Asset Classes 62 5.1.1 Trends in alternative assets 5.1.2 Trends in 'art, wine and wheels' 5.1.3 Trends of investments in real estate 5.1.4 Trends of investments in cash and deposits 5.1.5 Trends of investments in fixed-income 5.1.6 Trends of investments in equity 5.1.7 Trends of Investments in business interests 5.2 Analysis of Foreign Investments 5.2.1 Investments in Europe 5.2.2 Investments in North America (Including the US, Mexico & the Caribbean) 5.2.3 Investments in Asia Pacific 5.2.4 Investments in Latin and South America 5.2.5 Investments in the Middle East 5.2.6 Investments in Africa 5.3 Alternative Breakdown: Liquid vs Investable Assets 5.4 Analysis of US UHNWI Investments 6 Competitive Landscape of the Wealth Sector 6.1 Competitive Landscape 6.1.1 Private Banks 6.1.2 Wealth managers 6.1.3 Family offices 6.1.4 Financial advisors 6.2 Developments in the US Private Banking Industry 6.3 The US Wealth Management Industry - Clientele Model and Maturity 6.4 Behavioral Mapping of Wealth Management and Private Banking in the US 6.5 Porter's Five Force Analysis - the Wealth Management Industry 6.6 Financial Services Review 6.6.1 Retail Banks 6.6.2 Funds management 7 Appendix 7.1 Additional Components of the Wealth Sector in the US 7.1.1 Philanthropy 7.1.2 Demand for intergenerational wealth transfer 7.1.3 Human resource availability for the wealth management industry 7.2 Regulations on Taxes 7.3 Regulations Related to Immigration, Investment and Employment 7.4 Key Drivers 7.4.1 Real GDP growth 7.4.2 Per capita GD 7.4.3 Domestic market capitalization 7.4.4 Commodity index 7.4.5 Foreign direct investments - inflow and outflow 7.4.6 Inflation rate 7.4.7 Interest rate 7.4.8 Balance of payments 7.4.9 Government debt 7.4.10 Stock market performance 7.5 Wealth Breakdowns 8 About WealthInsight
Table 1: HNWI Wealth Band and Group Definitions Table 2: Major States in the US, 2012 Table 3: Largest Cities in the US, 2012 Table 4: US Top 10 States by GDP, 2012 Table 5: Fastest-Growing Cities in the US by Population, 2010-2012 Table 6: US HNWIs - Volume Distribution Wealth Pyramid, 2012 Table 7: US HNWIs - Wealth Distribution Wealth Pyramid (%), 2012 Table 8: US HNWI Industry Performance, 2008-2012 Table 9: US HNWIs - Cities, 2012 Table 10: US HNWI Growth in Top Cities, 2008-2012 Table 11: US HNWIs - Population Density in Major Cities, 2012 Table 12: US HNWIs in Top Cities, 2008-2017 Table 13: US HNWI Growth Rates for Top Cities, 2008-2017 Table 14: US HNWIs - by States, 2012 Table 15: US HNWIs - State Performance, 2008-2012 Table 16: US HNWIs - Population Density in States, 2012 Table 17: US UHNWIs - Gender Performance, 2008-2012 Table 18: US UHNWIs - Source of Wealth (%), 2012 Table 19: US UHNWIs in Top Cities, 2008-2017 Table 20: US UHNWI Growth Rates for Top Cities, 2008-2017 Table 21: US Billionaires - Market Overview (US$ Billions) 2008-2017 Table 22: US Billionaire Wealth Growth, 2008?2012 Table 23: US Centimillionaires - Market Overview, 2008-2017 Table 24: US Affluent Millionaires - Market Overview, 2008-2017 Table 25: US Mid-Tier Millionaires - Market Overview, 2008-2017 Table 26: US Lower-Tier Millionaires - Market Overview, 2008-2017 Table 27: US Allocations of HNWI Assets, 2008?2017 Table 28: US HNWIs ? Holdings Growth (%), 2008-2017 Table 29: US HNWIs - Trends of Investments in Alternative Assets (%), 2008-2017 Table 30: US HNWIs - Alternative Asset Composition (%), 2008-2017 Table 31: US Trends in 'Art, Wine and Wheels', 2008-2012 Table 32: Global Prime Real Estate Prices per Square Meter in US$, 2012 Table 33: US HNWIs - Percentage of Foreign Investment Allocations, 2008-2017 Table 34: US HNWIs - Liquidity Breakdown (US$ Billion), 2008-2017 Table 35: US HNWIs - Liquidity Breakdown (%), 2008-2017 Table 36: US UHNWIs - Allocations and Share of HNWI Assets, 2012 Table 37: US Top 10 Private Banks by AuM, 2012 Table 38: US Top Foreign Private Banks by AuM, 2012 Table 39: US Wealth Managers per City, 2012 Table 40: US Top 20 Wealth Managers by AuM, 2012 Table 41: US Family Offices, 2012 Table 42: US Family Offices per City, 2012 Table 43: US Financial Advisors in Top Cities, 2012 Table 44: Wealth Management Industry - Recent Deal Activity in the US, 2013 Table 45: US Income Tax Bands, 2012-2013 Table 46: US: Income Tax Bands, 2013-2014 (Due on April 15, 2014) Table 47: US Corporate Tax Structure, 2013 Table 48: US Real GDP Growth (%), 2008-2017 Table 49: US GDP Per Capita (US$), 2008-2017 Table 50: US Domestic Market Capitalization (US$ Billion) 2008-2012 Table 51: US Commodity Indices, 2008-2017 Table 52: US Foreign Direct Investments (US$ Billion), 2008-2017 Table 53: US Inflation Rate (%), 2008-2017 Table 54: US Money Market Rate (%), 2008-2017 17 Table 55: US Balance of Payments (US$ Billion) 2008-2012 Table 56: US Government Debt as a Percentage of GDP, 2008-2017 Table 57: US Stock Market Performance, 2008-2012 Table 58: US HNWI Wealth vs GDP Ratio, 2008-2017 Table 59: US Appendix One Table 60: US Appendix Two
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