Challenges and Opportunities for the Wealth Sector in the US 2014

Published: Dec, 2014 | Pages: 57 | 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 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 the US's 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 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 Challenges and Opportunities for the Wealth Sector in the US 2014 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.

With the wealth reports 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

In 2013, US HNWIs held 23.9% (US$5.0 trillion) of their wealth outside of the country, in line with the global average of 20-30%.

WealthInsight expects foreign asset holdings to increase to US$6.4 trillion by 2018, accounting for 22.1% of the total HNWI assets.

Europe accounted for 48.5% of US HNWIs' foreign assets in 2013.

North America followed Europe with 19.9%, followed by Asia-Pacific with 16.1%, Latin America with 11.4%, Africa with 2.3%, and the Middle East with 1.7%.

US HNWI allocations to Europe decreased during the review period, from 56.2% in 2009 to 48.5% in 2013. North America and the Asia-Pacific were the most popular emerging regions in terms of US investment.

HNWIs are further expected to increase their levels of investment in Asia-Pacific to 19.0% of foreign HNWI assets by 2018, with investments increasingly being diverted to emerging economies.

 
Table of Contents
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 Benchmarking US Wealth in Context
3.3.1 Distribution of wealth in the US
3.4 HNWI Volume and Wealth Trends
4 Competitive Landscape of the Wealth Sector
4.1 Competitive Landscape
4.1.1 Foreign private banks
4.1.2 Wealth managers
4.1.3 Family offices
4.1.4 Financial advisors
4.2 Developments in the Private Banking Industry
4.3 Wealth Management and the Private Banking Industry
4.3.1 The US wealth management industry - clientele model and maturity
4.4 Behavioral Mapping of Wealth Management and Private Banking in the US
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
5.2 Tax Regulations
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


List of Tables
Table 1: HNWI Wealth Band and Group Definitions
Table 2: Cities in the US by Population (Volume), 2013
Table 3: Leading Foreign Private Banks in the US by Local AuM (US$ Million), 2013
Table 4: Leading Wealth Managers in the US by AuM (US$ Million), 2013
Table 5: Leading US Family Offices by AuM (US$ Million), 2013
Table 6: US Wealth Management Industry - Recent Deal Activity, 2014
Table 7: US Income Tax Bands (USD), 2013-2014
Table 8: US Real GDP Growth (%), 2009-2018
Table 9: US GDP per Capita (US$), 2009-2018
Table 10: US Domestic Market Capitalization (US$ Billion),2009-2013
Table 11: US Commodity Indices, 2009-2018
Table 12: US Foreign Direct Investment (US$ Billion), 2009-2018
Table 13: US Inflation Rate (%), 2009-2018
Table 14: US Money Market Rate (%), 2009-2018
Table 15: US Balance of Payments (US$ Billion), 2009-2013
Table 16: US Government Debt as a Percentage of GDP, 2009-2018
Table 17: US Stock Market Performance, 2009-2013
Table 18: US HNWI Wealth vs GDP Ratio, 2009-2018
Table 19: US - Appendix One
Table 20: US - Appendix Two