Abstract
Overview
Introduction
2005 has seen the UK private banking industry enjoying a turnaround in its
fortunes after a prolonged period of flat performance. The painful
cost-cutting measures of recent years have meant that the sector has been able
to fully reap the benefits of rising equity markets. UK HNW Customers 2006
analyzes the developments in the market to provide an in-depth guide to this
industry.
Scope
- Comprehensive data from Datamonitor' s proprietary Global Wealth Model
sizing the HNW market by number of individuals and liquid assets
- Market sizing data for the period 2000-2005 with detailed splits by age
and gender
- Detailed analysis of competitor trends based on a series of in-depth
interviews with top executives in the UK private banking market
- Forecasts up to 2010 sizing the market for HNWs by number of individuals
and liquid assets
Report Highlights
American wealth managers lead the upper high net worth market in 2005, as
Morgan Stanley Private Wealth Management, Merrill Lynch and Goldman Sachs lead
in terms of AuM, while Barclays Private Bank and UBS, major players in the
upper high net worth field in previous years, have both become lower high net
worth competitors.
Identifying and acquiring the right staff is a major concern for many UK
wealth managers, partly as a result of business expansion in emerging markets,
threatening the cost base and leading managers to initiate staff training
programs to create qualified staff from scratch, while non-traditional avenues
are also being explored.
Between 2005 and 2010, the total value of liquid assets held by high net worth
individuals in the UK will have reached GBP846.7bn, having grown at a compound
annual rate of 9.3% over this time. The greatest share of wealth will be held
by those with between GBP2m and GBP5m, who collectively will hold GBP133.6bn
by 2010.
Reasons to Purchase
- Plan your strategies on the basis of detailed market information, with the
UK HNW market sized with forecasts to 2010
- Gain valuable insight into the market trends and discover views and
opinions of some of the UK' s major wealth managers
- Benchmark yourself against your competitors and identify
niches/opportunities available for future success using the detailed
competitive analysis
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