Ultra HNWIs in Italy to 2013

Published: Jan, 2014 | Pages: 119 | 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 Italy.
 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 UHNWIs have performed through the crisis.
Summary
This report reviews the performance and asset allocations of Ultra HNWIs in Italy, and highlights top-performing cities. It also includes an evaluation of the local wealth management industry.
Scope
 UHNWI volume, wealth and allocation trends from 2008 to 2012
 UHNWI volume, wealth and allocation forecasts to 2017
 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)
 Number of wealth managers in each city
 City wise ratings of wealth management saturation and potential
 Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in Italy
 Size of Italy wealth management industry
 Largest domestic private banks by AuM
 Detailed wealth management and family office information
 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.
 Also provides detailed information on UHNWIs in each major city.
Key Highlights
 There were 10,807 UHNWIs in Italy in 2012, with an average wealth of US$41 million per person, making them the prime target group for wealth sector professionals. Of this total, there were 30 billionaires, 716 centimillionaires and 10,061 affluent millionaires in 2012.
 UHNWIs accounted for 6.1% of the total HNWI population of Italy in 2012, much higher than the global average of 0.7%. During the review period, the number of UHNWIs in Italy increased by a substantial 50.6%, from 7,178 in 2008 to 10,807 in 2012. 
 There was a wide range of performance between the different UHNWI wealth bands: the number of billionaires increased by 150%, while the number of centimillionaires and affluent millionaires increased significantly by 47.3% and 50.6%. 
 WealthInsight expects the number of UHNWIs to increase by 14% to reach 12,322 in 2017. This will include 32 billionaires, 819 centimillionaires and 11,470 affluent millionaires.

 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 Italy's Wealth in Context
3.3.1 Distribution of wealth in Italy
3.4 HNWI Volume and Wealth Trends
4 Findings from the WealthInsight HNWI Database
4.1 Trends in HNWI Wealth to 2017
4.1.1 HNWI trend analysis
4.1.2 Trends of the wealth bands
4.1.3 Demographic breakdown of HNWIs
4.1.4 HNWIs - job titles
4.1.5 HNWIs - industry breakdown
4.1.6 HNWIs - industry performance
4.1.7 HNWIs - breakdown by city
4.1.8 HNWIs - city performance
4.1.9 HNWIs - city population densities
4.1.10 HNWIs - city forecasts
4.1.11 HNWIs - breakdown by state
4.1.12 HNWIs - state performance
4.1.13 HNWIs - state population densities
4.2 UHNWIs
4.2.1 UHNWI volume trend analysis
4.2.2 UHNWI wealth trend analysis
4.2.3 Demographic breakdown of UHNWIs
4.2.4 UHNWIs - industry breakdown
4.2.5 UHNWIs - city breakdown and performance
4.3 UHNWIs - Billionaires
4.3.1 Billionaire volume trend analysis
4.3.2 Billionaire wealth trend analysis
4.3.3 Billionaire per capita net worth trend analysis
4.3.4 List of billionaires
4.4 UHNWIs - Centimillionaires
4.4.1 Centimillionaires volume trend analysis
4.4.2 Centimillionaire wealth trend analysis
4.4.3 Centimillionaire per capita net worth trend analysis
4.5 UHNWIs - Affluent Millionaires
4.5.1 Affluent millionaire volume trend analysis
4.5.2 Affluent millionaire wealth trend analysis
4.5.3 Affluent millionaire per capita net worth trend analysis
4.6 Core HNWIs
4.6.1 Core HNWI volume trend analysis
4.7 Core HNWIs - Mid-Tier Millionnaires
4.7.1 Mid-tier millionnaire volume trend analysis
4.7.2 Mid-tier millionaire wealth trend analysis
4.7.3 Mid-tier millionaire per capita net worth trend analysis
4.8 Core HNWIs - Lower-Tier Millionaires
4.8.1 Lower-tier millionaire volume trend analysis
4.8.2 Lower-tier millionaire wealth trend analysis
4.8.3 Lower-tier millionaire per capita net worth trend analysis
5 Analysis of Italian HNWI Investments
5.1 Analysis by Asset Classes
5.1.1 Trends in alternative assets
5.1.2 Trends in 'art, wine and wheels'
5.1.3 Trends of investments in real estate
5.1.4 Trends of investments in cash and deposits
5.1.5 Trends of investments in fixed-income
5.1.6 Trends of investments in equity
5.1.7 Trends of investments in business interests
5.2 Analysis of Foreign Investments
5.2.1 Investments in Europe
5.2.2 Investments in North America (the US, Mexico and the Caribbean)
5.2.3 Investments in Asia Pacific
5.2.4 Investments in Central and South America
5.2.5 Investments in the Middle East
5.2.6 Investments in Africa
5.3 Alternative Breakdown: Liquid vs. Investable Assets
5.4 Analysis of Italian UHNWI Investments
6 Competitive Landscape of the Wealth Sector
6.1 Competitive Landscape
6.1.1 Private banks
6.1.2 Wealth managers
6.1.3 Family offices
6.1.4 Financial advisors
6.2 Developments in the Italian Private Banking Industry
6.3 The Italian Wealth Management Industry - Clientele Model and Maturity
6.4 Behavioral Mapping of Wealth Management and Private Banking in Italy
7 Appendix
7.1 Regulations on Taxes
7.2 Key Drivers
7.2.1 LC to US$ exchange rate
7.2.2 Real GDP growth
7.2.3 Per capita GDP
7.2.4 Domestic market capitalization
7.2.5 Commodity index
7.2.6 Foreign direct investments - inflow and outflow
7.2.7 Inflation rate
7.2.8 Interest rate
7.2.9 Balance of payments
7.2.10 Government debt
7.2.11 Stock market performance
7.3 Wealth Breakdowns
8 About WealthInsight

LIST OF TABLES
Table 1: HNWI Wealth Band and Group Definitions
Table 2: Regions in Italy, 2012
Table 3: Largest Cities in Italy, 2012
Table 4: Italian HNWIs - Volume Distribution Wealth Pyramid, 2012
Table 5: Italian HNWIs - Wealth Distribution Wealth Pyramid (%), 2012
Table 6: Italian HNWIs - Industry Performance, 2008-2012
Table 7: Italian HNWIs - Cities, 2012
Table 8: Italian HNWIs - Growth in Top Cities, 2008-2012
Table 9: Italian HNWIs - Population Density in Major Cities, 2012
Table 10: Italian HNWIs in Top Cities, 2008-2017
Table 11: Italian HNWIs - Growth Rates for Top Cities, 2008-2017
Table 12: Italian HNWIs - by States, 2012
Table 13: Italian HNWIs - State Performance, 2008-2012
Table 14: Italian HNWIs - Population Density in States, 2012
Table 15: Italian UHNWIs - Gender Performance, 2008-2012
Table 16: Italian UHNWIs - Source of Wealth (%), 2012
Table 17: Italian UHNWIs in Top Cities, 2008-2017
Table 18: Italian UHNWIs Growth Rates for Top Cities, 2008-2017
Table 19: Italian Billionaires - Market Overview (US$ Billion) 2008-2017
Table 20: Italian Top 10 Billionaires (US$ Billions), 2012
Table 21: Italian Billionaire Wealth Growth, 2008?2012
Table 22: Italian Centimillionaires - Market Overview, 2008-2017
Table 23: Italian Affluent Millionaires - Market Overview, 2008-2017
Table 24: Italian Mid-Tier Millionaires - Market Overview, 2008-2017
Table 25: Italian Lower-Tier Millionaires - Market Overview, 2008-2017
Table 26: Italian Allocations of HNWI Assets, 2008-2017
Table 27: Italian HNWIs ? Holdings Growth (%), 2008-2017
Table 28: Italian HNWIs - Trends of Investments in Alternative Assets (%), 2008-2017
Table 29: Italian HNWIs - Alternative Asset Composition (%), 2008-2017
Table 30: Italian Trends in 'Art, Wine and Wheels', 2008-2012
Table 31: Global Prime Real Estate Prices per Square Meter (US$), 2012
Table 32: Italian HNWIs - Percentage of Foreign Investment Allocations, 2008-2017
Table 33: Italian HNWIs - Liquidity Breakdown (US$ Billion), 2008-2017
Table 34: Italian HNWIs - Liquidity Breakdown (%), 2008-2017
Table 35: Italian UHNWIs - Allocations and Share of HNWI Assets, 2012
Table 36: Leading Domestic Private Banks in Italy by AuM, 2012
Table 37: Leading Foreign Private Banks in Italy by AuM, 2012
Table 38: Italian Wealth Managers, 2012
Table 39: Italian Family Offices, 2012
Table 40: Wealth Management Industry - Recent Deal Activity in Italy, 2013
Table 41: Italian Income Tax Bands, 2012-2013
Table 42: EUR per US$ Exchange Rate, 2008-2017
Table 43: Italian Real GDP Growth (%), 2008-2017
Table 44: Italian GDP Per Capita (US$), 2008-2017
Table 45: Italian Domestic Market Capitalization (US$ Billion) 2008-2012
Table 46: Italian Commodity Indices, 2008-2017
Table 47: Italian Foreign Direct Investments (US$ Billion), 2008-2017
Table 48: Italian Inflation Rate (%), 2008-2017
Table 49: Italian Money Market Rate (%), 2008-2017
Table 50: Italian Balance of Payments (US$ Billion), 2008-2012
Table 51: Italian Government Debt as a Percentage of GDP, 2008-2017
Table 52: Italian Stock Market Performance, 2008-2012
Table 53: Italian HNWI Wealth vs GDP Ratio, 2008-2017
Table 54: Italy Appendix One
Table 55: Italy Appendix Two