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Challenges and Opportunities for the Wealth Sector in Dominican Republic 2014

Published: Jul, 2014 | Pages: 60 | 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 Dominican Republic. 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 Dominican Republic's Wealth Management and Private Banking sector, and the opportunities and challenges that it faces.
Scope
Independent market sizing of Dominican Republic 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, Dominican Republic HNWIs held 31.0% (US$13 billion) of their wealth outside their home country, which is higher than the global average of 20-30%. WealthInsight expects foreign asset holdings to increase to US$19 billion by 2018, to account for 29.4% of the total HNWI assets. In 2013, South America accounted for 50.6% of Dominican Republic HNWIs' foreign assets, followed by North America with 23.9%, Asia-Pacific with 11.9%, Europe with 10.1%, Africa with 2.1% and the Middle East with 1.3%. Dominican Republic HNWI allocations to North America decreased during the review period, from 27.8% in 2009 to 23.9% in 2013. Increased investments were made in the emerging economies of South America and Asia-Pacific. HNWIs are expected to further decrease their levels of investment in North America to 20.8% of foreign HNWI assets by 2018, with investments increasingly being diverted to South America.
 1 Introduction
1.1 Details of this Report
1.2 Definitions
2 Executive Summary
3 Wealth Sector Fundamentals
3.1 Political Background
3.2 Economic Background
3.3 Social Background
3.4 Benchmarking Dominican Republic Wealth in Context
3.4.1 Distribution of wealth in the Dominican Republic
3.5 HNWI Volume and Wealth Trends
4 Competitive Landscape of the Wealth Sector
4.1 Competitive Landscape
4.1.1 Domestic banks
4.1.2 Foreign private banks
4.1.3 Acquisitions and Partnerships
4.1.4 Wealth managers
4.1.5 Financial advisors
4.2 Developments in the Dominican Republic Private Banking Industry
4.3 Wealth Management and the Private Banking Industry
4.3.1 The Dominican Republic's wealth management industry - clientele model and maturity
4.4 Behavioral Mapping of Wealth Management and Private Banking in Dominican Republic
5 Appendix
5.1 Additional Components of the Wealth Sector in Dominican Republic
5.1.1 Philanthropy
5.1.2 Demand for intergenerational wealth transfer
5.2 Tax Regulations
5.3 Regulations Related to Immigration, Investment and Employment
5.4 Key Drivers
5.4.1 DOP to US$ 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 investment inflows and outflows
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
Table 1: HNWI Wealth Band and Group Definitions
Table 2: Cities in Dominican Republic by Population (Volume), 2013
Table 3: Leading Domestic Banks in Dominican Republic by Total Local Assets (US$ Million), 2013
Table 4: Leading Foreign Private Banks in Dominican Republic by Local AuM (US$ Million), 2013
Table 5: Leading Wealth Managers in Dominican Republic, 2013
Table 6: Dominican Republic Wealth Management Industry - Recent Deal Activity, 2013
Table 7: Dominican Republic Income Tax Bands (DOP), 2013-2014
Table 8: Dominican Republic: DOP per US$ Exchange Rate, 2009-2018
Table 9: Dominican Republic Real GDP Growth (%), 2009-2018
Table 10: Dominican Republic GDP per Capita (US$), 2009-2018
Table 11: Dominican Republic Domestic Market Capitalization (US$ Billion), 2009-2013
Table 12: Dominican Republic Commodity Indices, 2009-2018
Table 13: Dominican Republic Foreign Direct Investment (US$ Billion), 2009-2018
Table 14: Dominican Republic Inflation Rate (%), 2009-2018
Table 15: Dominican Republic Money Market Rate (%), 2009-2018
Table 16: Dominican Republic Balance of Payments (US$ Billion), 2009-2013
Table 17: Dominican Republic Government Debt as a Percentage of GDP, 2009-2018
Table 18: Dominican Republic Stock Market Performance, 2009-2013
Table 19: Dominican Republic HNWI Wealth vs. GDP Ratio, 2009-2018
Table 20: Dominican Republic - Appendix One
Table 21: Dominican Republic - Appendix Two 



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