Challenges and Opportunities for the Wealth Sector in the US 2013

Published: Nov, 2013 | Pages: 61 | 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 the US.
 The report focuses on HNWI performance between the end of 2007 (the peak before the global financial crisis) and the end of 2012. This enables us to determine how well the country's HNWIs have performed through the crisis.
Summary
This report is a thorough analysis of US Wealth Management and Private Banking sector, and the opportunities and challenges that it faces.
Scope
 Independent market sizing of the US HNWIs across five wealth bands
 HNWI volume and wealth trends from 2008 to 2012
 HNWI volume and wealth forecasts to 2017
 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 (2008-2012)
 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 2017.
Key Highlights
 In 2012, there were just over 5.8 million core millionaires in the US, with a combined wealth of US$15.5 trillion and an average wealth of US$2.7 million. 
 During the review period, the number of core HNWIs increased by 47% from 3.9 million in 2008 to 5.8 million in 2012. 
 According to WealthInsight's projections, the number of core HNWIs in the US is expected to grow by 68% over the forecast period to reach 9.7 million by 2017.

 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 US Wealth in Context
3.4.1 Distribution of wealth in the US
3.5 HNWI Volume and Wealth Trends
4 Competitive Landscape of the Wealth Sector
4.1 Competitive Landscape
4.1.1 Private Banks
4.1.2 Wealth managers
4.1.3 Family offices
4.1.4 Financial advisors
4.2 The US Wealth Management Industry - Clientele Model and Maturity
4.3 Behavioral Mapping of Wealth Management and Private Banking in the US
4.4 Financial Services Review
4.4.1 Retail Banks
4.4.2 Funds management
5 Appendix
5.1 Additional Components of the Wealth Sector in the US
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 Regulations on Taxes
5.3 Regulations Related to Immigration, Investment and Employment
5.4 Key Drivers
5.4.1 Real GDP growth
5.4.2 Per capita GDP
5.4.3 Domestic market capitalization
5.4.4 Commodity index
5.4.5 Foreign direct investments - inflow and outflow
5.4.6 Inflation rate
5.4.7 Interest rate
5.4.8 Balance of payments
5.4.9 Government debt
5.4.10 Stock market performance
5.5 Wealth Breakdowns
6 About WealthInsight

Table 1: HNWI Wealth Band and Group Definitions
Table 2: Major States in the US, 2012
Table 3: Largest Cities in the US, 2012
Table 4: US Top 10 States by GDP, 2012
Table 5: Fastest-Growing Cities in the US by Population, 2010-2012
Table 6: US Top 10 Private Banks by AuM, 2012
Table 7: US Top Foreign Private Banks by AuM, 2012
Table 8: US Wealth Managers per City, 2012
Table 9: US Top 20 Wealth Managers by AuM, 2012
Table 10: US Family Offices, 2012
Table 11: US Family Offices per City, 2012
Table 12: US Financial Advisors in Top Cities, 2012
Table 13: US Income Tax Bands, 2012-2013
Table 14: US: Income Tax Bands, 2013-2014 (Due on April 15, 2014)
Table 15: US Corporate Tax Structure, 2013
Table 16: US Real GDP Growth (%), 2008-2017
Table 17: US GDP Per Capita (US$), 2008-2017
Table 18: US Domestic Market Capitalization (US$ Billion) 2008-2012
Table 19: US Commodity Indices, 2008-2017
Table 20: US Foreign Direct Investments (US$ Billion), 2008-2017
Table 21: US Inflation Rate (%), 2008-2017
Table 22: US Money Market Rate (%), 2008-2017
Table 23: US Balance of Payments (US$ Billion) 2008-2012
Table 24: US Government Debt as a Percentage of GDP, 2008-2017
Table 25: US Stock Market Performance, 2008-2012
Table 26: US HNWI Wealth vs GDP Ratio, 2008-2017
Table 27: US Appendix One
Table 28: US Appendix Two