Global Wealth Predictions 2008

Table of Contents

• DATAMONITOR VIEW
  • CATALYST
  • SUMMARY
  • 2008 WILL OFFER OPPORTUNITIES TO DEVELOP NEW MARKETS AND ADDRESS PERENNIAL WEALTH MANAGEMENT CHALLENGES
  • Wealth managers will continue to go east in search of expansion opportunities
  • Private banks will increasingly put systems in place to plug the staffing gap. These will involve ' grow-your-own' initiatives as well as recruiting from established Western players
  • Private clients will shift into Asian investments
  • Wealth managers will intensify their focus on Asian and Middle Eastern clients and sharia investments
  • HNWs will shift their investments into non equity-correlated asset classes
  • Wealth managers will focus more on customer retention
  • Clients will opt for discretionary asset management and demand more face-to-face interaction with their advisors
  • Merger & acquisition activity will decline
  • For wealth managers, entrepreneurs will be an important target segment
• 2007 IN REVIEW
  • Consolidation activity in wealth management was expected to remain restrained in 2007
  • Datamonitor anticipated that regulation would put further pressure on the sector
  • 2007 would see continued activity in the development of regional business models
  • Emerging markets in Asia would continue to attract international players
  • Staff shortages were expected to worsen
  • 2007 would see further development of distribution channels and internal referrals
  • More wealth managers were expected to segment target groups by source of wealth
  • Wealth managers would step up efforts at "electronification"
  • Outsourcing of investment management would remain limited
• APPENDIX
  • Methodology
  • Further reading
  • Ask the analyst
  • Datamonitor consulting
  • Disclaimer
  • List of Figures
    • Figure 1: China will see strong growth in the number of wealthy individuals and their liquid assets
    • Figure 2: India' s growing mass affluent and wealthy segments present opportunities for wealth managers
    • Figure 3: Wealth managers will poach staff from their competitors and pursue internal training
    • Figure 4: Wealth managers will focus on alternative investments
    • Figure 5: Clients are increasingly likely to defect to a competitor
    • Figure 6: More wealth managers are offering dedicated services for entrepreneurs