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
Key highlights
Reasons to buy
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