Abstract
Overview
Introduction
As in many markets, the past few years have been a testing time for US wealth
managers as both personal wealth and the resulting revenues have been hit by
the global downturn and the bursting of the tech bubble. Since 2003 however,
the situation has improved and this report examines the recent developments
both in terms of market growth and competition to provide an insight into this
key market.
Scope
- Sizes and forecasts the number and aggregate onshore liquid assets of high
net worth individuals in the US from 2001-2010 across five asset bands
- Identifies the key competitors for those services and analyses the current
competitive environment in the US
- Utilizes Datamonitor's proprietary Global Wealth Model and in-depth
interviews with senior executives from some of the top US wealth managers
Report HighlightsM
High net worth individuals hold 66% of the total mass affluent and high net
worth liquid wealth in the US. The highest levels of liquid wealth were in the
highest USD10m+ and lowest USD300k - USD400k asset bands, which represented
14% and 15% of total high net worth liquid assets respectively.
Granting U.S. investors access to global markets is going to be the most
prominent issue for the next few years, according to industry experts.
Investors will begin to demand investment products that grant them
international exposure, so as to take advantage of growth opportunities in
growing markets such as India or China.
Assets held by high net worth individuals in the U.S. will grow by 37% over
the next five years, from USD14bn to USD19.2bn. The highest two asset bands,
USD4m - 10m and USD10m+ will constitute just over a quarter of all liquid
wealth held by high net worth individuals in the U.S. over the next five years;
Reasons to Purchase
- Identify how large the US wealth management market is and how much you
could gain by entering the market
- Identify the key US wealth managers, where you fit in among them and their
current considerations with regard to competing in this market
- Use the market sizing forecasts and key future trends to shape your US
wealth management strategy going forward
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