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Published: Aug, 2013 | Pages:
118 | 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 Australia 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 were just over 302,000 HNWIs in Australia in 2012. These HNWIs collectively held US$899 billion in wealth, which equated to 15.5% of the total individual wealth held in the country. Australian HNWIs over performed compared to the global average during the review period - worldwide HNWI volumes decreased by 0.3%, while Australian HNWI numbers increased by 19.7%.
Scope
Independent market sizing of Australian HNWIs across five wealth bands HNWI volume, wealth and allocation trends from 2007 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 in the wealth management and private banking sector in Australia Size of the Australian 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
At the end of 2012, Australian HNWIs held 22% (US$198 billion) of their wealth outside their home country, which is in line with the global average of 20-30%. There were 2,741 UHNWIs in Australia in 2012, with an average wealth of US$121 million per person, making them the prime target group for wealth sector professionals. Of this total, there were 23 billionaires, 625 centimillionaires and 2,093 affluent millionaires. Sydney has the largest number of HNWIs in the country with a 27% share, equivalent to 81,400 individuals. Sydney is followed by Melbourne with 16.6% of HNWIs, equivalent to 50,000 individuals. There are also sizable HNWI populations in Brisbane (25,300) and Perth (21,860).
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 Australia Wealth in Context 3.4.1 World statistics 3.4.2 Distribution of wealth in Australia 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 Centimillionaires wealth trend analysis 4.4.3 Centimillionaires 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 Millionaires 4.7.1 Mid-tier millionaire 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 Australian HNWI investments 5.1 Analysis by Asset Classes 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 interest 5.2 Analysis of Foreign Investments 5.2.1 Europe 5.2.2 North America 5.2.3 Asia-Pacific 5.2.4 South America 5.2.5 Middle East 5.2.6 Africa 5.3 Alternative breakdown: liquid vs investable assets 5.4 Analysis of Australian 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 Australian Private Banking Industry 6.3 Australian Wealth Management Industry - Clientele Model and Maturity 6.4 Behavioral Mapping of Wealth Management and Private Banking in Australia 6.5 Porter's Five Force Analysis - Wealth Management Industry 6.6 Financial Services Review 6.6.1 Retail banks 6.6.2 Hedge funds 7 Appendix 7.1 Additional Components of the Wealth Sector in Australia 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 LC to US$ exchange rate 7.4.2 Real GDP growth 7.4.3 Per capita GDP 7.4.4 Domestic market capitalization 7.4.5 Commodity index 7.4.6 Foreign direct investment 7.4.7 Inflation rate 7.4.8 Interest rate 7.4.9 Balance of payments 7.4.10 Government debt 7.4.11 Stock market performance 7.5 Wealth Breakdown 8 About WealthInsight
Table 1: HNWI Wealth Band and Group Definitions Table 2: Major States in Australia 2012 Table 3: Largest Cities in Australia 2012 Table 4: Fastest Growing Cities in Australia by Population, 2006-2011 Table 5: Australian HNWIs - Volume Distribution Wealth Pyramid, 2012 Table 6: Australian HNWIs - Wealth Distribution Wealth Pyramid (%), 2012 Table 7: Australian HNWI Industry Performance, 2007-2012 Table 8: Australian HNWIs - Cities, 2012 Table 9: Australian HNWIs in Top Cities, 2007-2012 Table 10: Australian HNWIs - Population Density in Major Cities, 2012 Table 11: Australian HNWIs in Top Cities, 2007-2017 Table 12: Australian HNWI Growth Rates for Top Cities, 2007-2017 Table 13: Australian HNWIs - by States, 2012 Table 14: Australian HNWIs - State Performance, 2007-2012 Table 15: Australian HNWIs - Population Density in States, 2012 Table 16: Australian UHNWIs - Gender Performance, 2007-2012 Table 17: Australian UHNWIs - Source of Wealth (%), 2012 Table 18: Australian UHNWIs in Top Cities, 2007-2017 Table 19: Australian UHNWI Growth Rates for Top Cities, 2007-2017 Table 20: Australian Billionaires - Market Overview (US$ Billions) 2007-2017 Table 21: Australia Top 10 Billionaires (US$ Billions), 2012 Table 22: Australia Billionaire Wealth Growth, 2007?2012 Table 23: Australian Centimillionaires - Market Overview, 2007-2017 Table 24: Australian Affluent Millionaires - Market Overview, 2007-2017 Table 25: Australian Mid-Tier Millionaires - Market Overview, 2007-2017 Table 26: Australian Lower-Tier Millionaires - Market Overview, 2007-2017 Table 27: Australian Allocations of HNWI Assets, 2007?2017 Table 28: Australian HNWIs ? Holdings Growth (%), 2007-2017 Table 29: Australian HNWIs - Trends of Investments in Alternative Assets (%), 2007-2017 Table 30: Australian HNWIs - Alternative Asset Composition (%), 2007-2017 Table 31: Australian Trends in Art, Wine and Wheels, 2007-2012 Table 32: Global Prime Real Estate Prices per Square Meter (US$), 2012 Table 33: Global Prime International Cities (US$), 2007-2012 Table 34: Australian HNWIs - Percentage of Foreign Allocation (%), 2007-2017 Table 35: Australian HNWIs - Liquidity Breakdown (US$ Billion), 2007-2017 Table 36: Australian HNWIs - Liquidity Breakdown (%), 2007-2017 Table 37: Australian UHNWIs - Allocations and Share of HNWI Assets (%), 2012 Table 38: Top Six Private Banks in Australia, 2012 Table 39: Top Wealth Management Companies in Australia, 2012 Table 40: Australian Wealth Managers per City Table 41: Australia Family Offices, 2012 Table 42: Financial Advisors by City in Australia, 2012 Table 43: Wealth Management Industry - Recent Deal Activity in Australia, 2013 Table 44: Hedge Funds in Australia Table 45: Income Tax Structure and Taxable Bands Table 46: Australian LC to US$ Exchange Rate, 2007-2017F Table 47: Australian Real GDP Growth (%), 2007-2017F Table 48: Australian GDP Per Capita (US$), 2007-2017 Table 49: Australian Domestic Market Capitalization (US$ Billion), 2007-2012 Table 50: Australian Commodity Indices, 2007-2017F Table 51: Australian Foreign Direct Investments (US$ Billion), 2007-2017 Table 52: Australian Inflation Rate (%), 2007-2017F Table 53: Australian Interest Rate (%), 2007-2017F Table 54: Australian Balance of Payments (US$ Billion) 2007-2012 Table 55: Australian Government Debt to GDP (%), 2007-2017 Table 56: Australian Stock Market Performance, 2007-2012 Table 57: Australia HNWI Wealth vs GDP Ratio (%), 2007-2017 Table 58: Appendix 1 Table 59: Appendix 2
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