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Challenges and Opportunities for the Wealth Sector in Canada 2014

Published: Dec, 2014 | Pages: 59 | 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 Canada. The report focuses on HNWI performance between the end of 2008 (the peak before the global financial crisis) and the end of 2013. This enables us to determine how well the country's HNWIs have performed through the crisis.
Summary
This report is a thorough analysis of Canada's Wealth Management and Private Banking sector, and the opportunities and challenges that it faces.
Scope
Independent market sizing of Canada HNWIs across five wealth bands HNWI volume and wealth trends from 2009 to 2013 HNWI volume and wealth forecasts to 2018 HNWI and UHNWI asset allocations across 13 asset classes Number of UHNWIs in each state and all major cities Fastest growing cities and states for UHNWIs (2009-2013) 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 2018.
Key Highlights
At the end of 2013, Canadian HNWIs held 26.5% (US$434 billion) of their wealth outside their home country, in line with the global average of 20-30%. WealthInsight expects foreign asset holdings to increase to US$557 billion by 2018, accounting for 26.1% of total HNWI assets. North America accounted for 51.1% of Canadian HNWIs foreign assets in 2013. Europe followed America with 21.2%, the Asia-Pacific followed with 16.5%, Latin America followed with 8.4%, Africa followed with 2.1%, and the Middle East followed with 0.7%. Canadian HNWI allocations to the Asia-Pacific region increased during the review period, going from 9.9% in 2009 to 16.5% in 2013.Latin America and Asia-Pacific were the emerging regions in terms of global investments. HNWIs are further expected to increase their levels of investment in the Asia-Pacific to 20.9% of foreign HNWI assets by 2018, with investments increasingly being diverted to emerging economies.
 1 Introduction
1.1 Details of this Report
1.2 Definitions
2 Executive Summary
3 Wealth Sector Fundamentals
3.1 Political Background
3.2 Economic Background
3.3 Social Background
3.4 Benchmarking Canadian Wealth in Context
3.4.1 Distribution of wealth in Canada
3.5 HNWI Volume and Wealth Trends
4 Competitive Landscape of the Wealth Sector
4.1 Competitive Landscape
4.1.1 Domestic banks
4.1.2 Foreign private banks
4.1.3 Wealth managers
4.1.4 Family offices
4.1.5 Financial advisors
4.2 The Canadian Wealth Management Industry - Clientele Model and Maturity
4.3 Behavioral Mapping of Wealth Management and Private Banking in Canada
5 Appendix
5.1 Additional Components of the Wealth Sector in Canada
5.1.1 Philanthropy
5.1.2 Demand for intergenerational wealth transfer
5.1.3 Human resource availability for the wealth management industry
5.2 Tax Regulations
5.3 Regulations Related to Immigration, Investment and Employment
5.4 Key Drivers
5.4.1 CAD to US$ exchange rate
5.4.2 Real GDP growth
5.4.3 Per capita GDP
5.4.4 Domestic market capitalization
5.4.5 Commodity index
5.4.6 Foreign direct investments - inflow and outflow
5.4.7 Inflation rate
5.4.8 Interest rate
5.4.9 Balance of payments
5.4.10 Government debt
5.4.11 Stock market performance
5.5 Wealth Breakdowns
6 About WealthInsight

List of Tables
Table 1: HNWI Wealth Band and Group Definitions Table 2: Cities in Canada by Population (Volume), 2013 Table 3: Leading Domestic Banks in Canada by Local AuM (US$Million), 2013 Table 4: Leading Foreign Private Banks in Canada by Local AuM (US$Million), 2013 Table 5: Leading Wealth Managers in Canada by AuM (US$Million), 2013 Table 6: Leading Canadian Family Offices by AuM (US$ Million), 2013 Table 7: Canadian Income Tax Bands (CAD), 2013-2014 Table 8:CAD per US$ Exchange Rate, 2009-2018 Table 9: CanadianReal GDP Growth (%), 2009-2018 Table 10:CanadianGDP per Capita (US$), 2009-2018 Table 11: CanadianDomestic Market Capitalization (US$ Billion),2009-2013 Table 12: CanadianCommodity Indices, 2009-2018 Table 13: CanadianForeign Direct Investment (US$ Billion), 2009-2018 Table 14: CanadianInflation Rate (%), 2009-2018 Table 15: CanadianMoney Market Rate (%), 2009-2018 Table 16: CanadianBalance of Payments (US$ Billion), 2009-2013 Table 17: CanadianGovernment Debt as a Percentage of GDP, 2009-2018 Table 18: CanadianStock Market Performance, 2009-2013 Table 19: CanadianHNWI Wealth vs GDP Ratio, 2009-2018 Table 20: Canada - Appendix One Table 21: Canada - Appendix Two



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