This report is the result of WealthInsight’s extensive research covering the high net worth individual (HNWI) population and wealth management market in Canada. This report reviews the performance and asset allocations of HNWIs and Ultra-HNWIs in Canada. It also includes an evaluation of the local wealth management market Research Beam Model: Research Beam Product ID: 178763 4995 USD New
Canada Wealth Report 2014

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Canada Wealth Report 2014

 
  • Category : BFSI
  • Published On : October  2014
  • Pages : 120
 
 

Synopsis



This report is the result of WealthInsight’s extensive research covering the high net worth individual (HNWI) population and wealth management market in Canada.



Summary



This report reviews the performance and asset allocations of HNWIs and Ultra-HNWIs in Canada. It also includes an evaluation of the local wealth management market.



Scope




  • Independent market sizing of Canadian HNWIs across five wealth bands

  • HNWI volume, wealth and allocation trends from 2009 to 2013

  • HNWI volume, wealth and allocation forecasts to 2018

  • HNWI and UHNWI asset allocations across 13 asset classes

  • Geographical breakdown of all foreign assets

  • Alternative breakdown of liquid vs investable assets

  • Number of UHNWIs in major cities

  • 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 Canada

  • Size of Canada’s wealth management industry

  • Largest private banks by AuM

  • Detailed wealth management and family office information

  • Insights into the drivers of HNWI wealth



Key highlights




  • There were 426,252 HNWIs in Canada in 2013. These HNWIs held US$1.64 trillion in wealth, and wealth per HNWI was US$3,837,882.

  • In 2013, Canadian HNWI numbers rose by 1.0%, following a 1.3% increase in 2012.

  • Growth in HNWI wealth and volumes is expected to improve over the forecast period. The number of Canadian HNWIs is forecast to grow by 8.9% to reach 473,426 by 2018, and HNWI wealth is expected to grow by 22.1%, to reach US$2.1 trillion by 2018.

  • At the end of 2013, Canadian HNWIs held 26.5% (US$434 billion) of their wealth outside their home country, in line with the global average of 20–30%.



Reasons 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 110,000 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 2018.

  • Also provides detailed information on UHNWIs in each major city.


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 Canadian Wealth in Context

3.4.1 Distribution of wealth in Canada

3.5 HNWI Volume and Wealth Trends



4 Findings from the WealthInsight HNWI Database

4.1 Trends in HNWI Wealth to 2018

4.1.1 HNWI trend analysis

4.1.2 Wealth band trends

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 analysis2

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 Centimillionaire 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 Millionaires

4.7.1 Mid-tier millionaire volume trend analysis

4.7.2 Mid-tier millionaire wealth trend analysi

4.7.3 Mid-tier millionaire per capita net worth trend analysis 58

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 Canadian HNWI Investments

5.1 Analysis by Asset Class

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 Investment trends in equity

5.1.7 Investments trends in business interests

5.2 Analysis of Foreign Investments

5.2.1 Investments in Europe

5.2.2 Investments in North America (including 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 Canadian UHNWI Investments



6 Competitive Landscape of the Wealth Sector

6.1 Competitive Landscape

6.1.1 Domestic banks

6.1.2 Foreign private banks

6.1.3 Wealth managers

6.1.4 Family offices

6.1.5 Financial advisors

6.2 Developments in the Canadian Private Banking Industry

6.3 Wealth Management and the Private Banking Industry

6.3.1 The Canadian Wealth Management Industry - Clientele Model and Maturity

6.4 Behavioral Mapping of Wealth Management and Private Banking in Canada

6.5 Porter’s Five Force Analysis - The Wealth Management Industry



7 Appendix

7.1 Additional Components of the Wealth Sector in Canada

7.1.1 Philanthropy

7.1.2 Demand for intergenerational wealth transfer

7.1.3 Human resource availability for the wealth management industry

7.2 Tax Regulations

7.3 Regulations Related to Immigration, Investment and Employment

7.4 Key Drivers

7.4.1 CAN to US$ exchange rate

7.4.2 Real GDP growth

7.4.3 Per capita GDP

7.4.4 Domestic market capitalization

7.4.5 Commodity index

7.4.6 Foreign direct investments - inflow and outflow

7.4.7 Inflation rate

7.4.8 Interest rate

7.4.9 Balance of payments

7.4.10 Government debt

7.4.11 Stock market performance

7.5 Wealth Breakdowns



8 About WealthInsight



List of Tables



Table 1: HNWI Wealth Band and Group Definitions

Table 2: Cities in Canada by Population (Volume), 2013

Table 3: Canadian HNWIs - Volume Distribution (%), 2013

Table 4: Canadian HNWIs - Wealth Distribution (%), 2013

Table 5: Canadian HNWIs - Industry Performance, 2009-2013

Table 6: Canadian HNWIs - Cities, 2013

Table 7: Canadian HNWI Growth in Top Cities (Thousand), 2009-2013

Table 8: Canadian HNWI Population Density in Major Cities (Thousand), 2013

Table 9: Canadian HNWIs in Top Cities (Thousand), 2009-2018

Table 10: Canadian HNWIs - Growth Rates for Top Cities (%), 2009-2018

Table 11: Canadian Volume of HNWI by States (Thousand), 2013

Table 12: Canadian HNWI State Performance (%), 2009-2013

Table 13: Canadian HNWIs Population Density by State (Thousand), 2013

Table 14: Canadian UHNWI Gender Performance (%), 2009-2013

Table 15: Canadian UHNWI Source of Wealth (%), 2013

Table 16: Canadian Volume of UHNWIs in Top Cities, 2009-2018

Table 17: Canadian UHNWI Growth Rates in Top Cities (%), 2009-2018

Table 18: Canadian Billionaires Market Overview (Volume and US$ Billion), 2009-2018

Table 19: Canadian Top-10 Billionaires (US$ Billion), 2013

Table 20: Canadian Billionaire Wealth Growth (US$ Billion), 2009?2013

Table 21: Canadian Centimillionaires Market Overview (Volume and US$ Million/Billion), 2009-2018

Table 22: Canadian Affluent Millionaires Market Overview (Volume and US$ Million/Billion), 2009-2018

Table 23: Canadian Mid-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2009-2018

Table 24: Canadian Lower-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2009-2018

Table 25: Canadian Allocations of HNWI Assets (%), 2009-2018

Table 26: Canadian HNWI Holdings Growth (%), 2009-2018

Table 27: Canadian HNWI Alternative Asset Composition (%), 2009-2018

Table 28: Canadian HNWI Trends of Investments in Alternative Assets (%), 2009-2018

Table 29: Canadian Trends in ‘Art, Wine and Wheels’, 2009-2013

Table 30: Global Prime Real Estate Prices per m2 (US$), 2012

Table 31: Canadian HNWI Foreign Investment Allocations (%), 2009-2018

Table 32: Canadian HNWI Liquidity Breakdown (US$ Billion), 2009-2018

Table 33: Canadian HNWI Liquidity Breakdown (%), 2009-2018

Table 34: Canadian UHNWI Allocations and Share of HNWI Assets (%), 2013

Table 35: Leading Domestic Banks in Canada by Local AuM (US$ Million), 2013

Table 36: Leading Foreign Private Banks in Canada by Local AuM (US$ Million), 2013

Table 37: Leading Wealth Managers in Canada by AuM (US$ Million), 2013

Table 38: Leading Canadian Family Offices by AuM (US$ Million), 2013

Table 39: Canadian Wealth Management Industry - Recent Deal Activity, 2013

Table 40: Canadian Income Tax Bands (CAN), 2013-2014

Table 41: CAN per US$ Exchange Rate, 2009-2018

Table 42: Canadian Real GDP Growth (%), 2009-2018

Table 43: Canadian GDP per Capita (US$), 2009-2018

Table 44: Canadian Domestic Market Capitalization (US$ Billion), 2009-2013

Table 45: Canadian Commodity Indices, 2009-2018

Table 46: Canadian Foreign Direct Investment (US$ Billion), 2009-2018

Table 47: Canadian Inflation Rate (%), 2009-2018

Table 48: Canadian Money Market Rate (%), 2009-2018

Table 49: Canadian Balance of Payments (US$ Billion), 2009-2013

Table 50: Canadian Government Debt as a Percentage of GDP, 2009-2018

Table 51: Canadian Stock Market Performance, 2009-2013

Table 52: Canadian HNWI Wealth vs GDP Ratio, 2009-2018

Table 53: Canada - Appendix One

Table 54: Canada - Appendix Two 110



List of Figures



Figure 1: HNWI Wealth Band Definitions

Figure 2: Map of Canada

Figure 3: Canadian Asset Price Performance (%), 2009-2013

Figure 4: Canadian HNWI Performance (US$ Billion and HNWI Volume), 2009-2018

Figure 5: Canadian vs Global HNWIs (%), 2009-2018

Figure 6: Canadian HNWIs - Growth Factor Correlation, 2009-2013

Figure 7: Canadian HNWIs - Wealth Pyramid (Volume Distribution), 2013

Figure 8: Canadian HNWIs - Wealth Pyramid (Distribution), 2013

Figure 9: Canadian HNWIs - Age Distribution (%), 2013

Figure 10: Canadian HNWIs - Job Titles (%), 2009-2013

Figure 11: Canadian HNWIs - Distribution by Industry (%), 2013

Figure 12: Canadian HNWIs - City Performance (%), 2009-2013

Figure 13: Canadian HNWIs - Volume of HNWIs by City (Thousand), 2009 and 2013

Figure 14: Canadian HNWIs - City Forecasts (%), 2014-2018

Figure 15: Canadian Volume of HNWIs by City (Thousand), 2014-2018

Figure 16: Canadian UHNWI Wealth Share vs Volume Growth (%), 2009-2013

Figure 17: Canadian UHNWI Volume by Wealth Band (Thousand), 2009-2018

Figure 18: Canadian UHNWI Wealth by Wealth Band (US$ Billion), 2009-2018

Figure 19: Canadian UHNWI Age Distribution (Percentage Share), 2013

Figure 20: Canadian UHNWI Distribution by Industry (%), 2013

Figure 21: Canadian Billionaires Market Overview (Volume and US$ Billion), 2009-2018

Figure 22: Canadian Centimillionaires Market Overview (Volume and US$ Million/Billion), 2009-2018

Figure 23: Canadian Affluent Millionaires Market Overview (Volume and US$ Million/Billion), 2009-2018

Figure 24: Canadian Mid-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2009-2018

Figure 25: Canadian Lower-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2009-2018

Figure 26: Canadian HNWI Asset Class Composition (%), 2009-2018

Figure 27: Canadian HNWI Trends in Alternative Assets (US$ Billion), 2009-2018

Figure 28: Canadian Trends in ‘Art, Wine and Wheels’, 2009-2013

Figure 29: Canadian HNWI Foreign Investment Allocations and Growth (%), 2013

Figure 30: Canadian HNWI Global Distribution of Foreign Investments (%), 2009-2018

Figure 31: Canadian HNWI Liquidity Breakdown (%), 2009-2018

Figure 32: Canadian UHNWI Asset Class Composition (%), 2009-2018

Figure 33: Canadian Wealth Management Industry - Maturity Level of Operators, 2014

Figure 34: The Canadian Wealth Management Industry - Behavioral Mapping, 2013

Figure 35: The Canadian Wealth Management Industry - Five Forces Analysis

Figure 36: CAN to US$ Exchange Rate, 2009-2018

Figure 37: Canadian Real GDP Growth (%), 2009-2018

Figure 38: Canadian GDP per Capita (US$), 2009-2018

Figure 39: Canadian Domestic Market Capitalization (US$ Billion), 2009-2013

Figure 40: Canadian Commodity Indices, 2009-2018

Figure 41: Canadian Foreign Direct Investment (US$ Billion), 2009-2018

Figure 42: Canadian Inflation Rate (%), 2009-2018

Figure 43: Canadian Money Market Rate (%), 2009-2018

Figure 44: Canadian Balance of Payments (US$ Billion), 2009-2013

Figure 45: Canadian Government Debt as a Percentage of GDP, 2009-2018

Figure 46: Canadian Stock Market Performance, 2009-2013

Figure 47: Canadian HNWI Wealth vs GDP Ratio, 2009-2018

Figure 48: Canadian HNWIs - Volume by Wealth Band, 2009-2018 111

Figure 49: Canadian HNWIs - Wealth by Wealth Band (US$ Billion), 2009-2018 111

Figure 50: Canadian HNWIs - Wealth per Capita (US$ Million), 2009-2018 112