Synopsis
This report is a thorough analysis of Italy's Wealth Management and Private Banking sector, and the opportunities and challenges that it faces.
Scope
• Independent market sizing of Italy HNWIs across five wealth bands
• HNWI volume and wealth trends from 2010 to 2014
• HNWI volume and wealth forecasts to 2019
• 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 (2010-2014)
• Insights into the drivers of HNWI wealth
Summary
• This report is the result of WealthInsights 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 2010 and the end of 2014. This enables us to determine how well the country's HNWIs have performed through the crisis.
Reasons To Buy
• The Challenges and Opportunities for the Wealth Sector in Italy 2015 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 2019.
Key highlights
• Italian HNWIs held 38.2% (US$419.5 billion) of their wealth outside their home country, at the end of 2014; significantly higher than the worldwide average of 20–30%.
• WealthInsight expects foreign asset holdings to increase to US$587.1 billion by 2019, accounting for 40.2% of total HNWI assets.
• North America accounted for 36.8% of Italian HNWIs foreign assets in 2014.
• This was followed by Europe with 29.5%, South America with 15.1%, the Asia-Pacific with 13.8%, the Middle East with 2.7% and Africa with 2.1%.
• Italian HNWI allocations to Europe decreased sharply compared with other regions during the review period, from 57.7% in 2010 to 29.5% in 2014. North and South America were the emerging regions in terms of global investments.
• WealthInsight expects HNWIs to decrease their levels of investment in Europe over the forecast period, to reach 10.3% of foreign HNWI assets by 2019, with investments decreasing due to emerging confidence in North and South America
Table Of Contents
1 Introduction
1.1 Details of this Report
1.2 Definitions
2 Executive Summary
3 Wealth Sector Fundamentals
3.1 Political Background
3.2 Economic Background
3.3 Benchmarking Italys Wealth in Context
3.3.1 Distribution of wealth in Italy
3.4 HNWI Volume and Wealth Trends
4 Competitive Landscape of the Wealth Sector
4.1 Competitive Landscape
4.1.1 Private banks
4.1.2 Wealth managers
4.1.3 Family offices
4.1.4 Financial advisors
4.2 Italian Wealth Management Industry - Clientele Model and Maturity
4.3 Behavioral Mapping of Wealth Management and Private Banking in Italy
5 Appendix
5.1 Additional Components of the Wealth Sector in Italy
5.1.1 Philanthropy
5.1.2 Demand for intergenerational wealth transfer
5.2 Regulations on Taxes
5.3 Regulations Related to Immigration, Investment and Employment
5.4 Key Drivers
5.4.1 EUR to US$ exchange rate
5.4.2 Real GDP growth
5.4.3 Per capita GDP
5.4.4 Domestic market capitalization
5.4.5 Commodity index
5.4.6 Foreign direct investments - inflow and outflow
5.4.7 Inflation rate
5.4.8 Interest rate
5.4.9 Balance of payments
5.4.10 Government debt
5.4.11 Stock market performance
5.5 Wealth Breakdowns
6 About WealthInsight
List Of Tables
Table 1: HNWI Wealth Band and Group Definitions
Table 2: Regions in Italy (Thousand), 2014
Table 3: Leading Domestic Private Banks in Italy by AuM (US$), 2014
Table 4: Leading Foreign Private Banks in Italy by AuM (US$), 2012
Table 5: Italian Wealth Managers, 2014
Table 6: Italian Family Offices, 2014
Table 7: Italian Income Tax Bands (EUR), 2014
Table 8: EUR per US$ Exchange Rate (%), 2010-2019
Table 9: Italian Real GDP Growth (%), 2010-2019
Table 10: Italian GDP Per Capita (US$), 2010-2019
Table 11: Italian Domestic Market Capitalization (US$ Billion), 2010-2014
Table 12: Italian Commodity Indices, 2010-2019
Table 13: Italian Foreign Direct Investments (US$ Billion), 2007-2011
Table 14: Italian Inflation Rate (%), 2010-2019
Table 15: Italian Money Market Rate (%), 2010-2019
Table 16: Italian Balance of Payments (US$ Billion), 2010-2014
Table 17: Italian Government Debt as a Percentage of GDP (%), 2010-2019
Table 18: Italian Stock Market Performance, 2010-2014
Table 19: Italian HNWI Wealth vs GDP Ratio (%), 2010-2019
Table 20: Italy - Appendix One
Table 21: Italy - Appendix Two
List Of Figures
Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Italy
Figure 3: Italys Asset Price Performance (US$), 2010-2014
Figure 4: Italian HNWI Performance (US$), 2010-2019
Figure 5: Italian vs. Global HNWIs (US$), 2010?2014
Figure 6: Italian Wealth Management Industry - Maturity Level of Operators
Figure 7: Italian Wealth Management Industry - Behavioral Mapping, 2014
Figure 8: EUR to US$ Exchange Rate (%), 2010-2019
Figure 9: Italian Real GDP Growth (%), 2010-2019
Figure 10: Italian GDP Per Capita (US$), 2010-2019
Figure 11: Italian Domestic Market Capitalization (US$ Billion), 2010-2014
Figure 12: Italian Commodity Indices, 2010-2019
Figure 13: Italian Foreign Direct Investments (US$ Billion), 2007-2011
Figure 14: Italian Inflation Rate (%), 2010-2019
Figure 15: Italian Money Market Rate (%), 2010-2019
Figure 16: Italian Balance of Payments (US$ Billion), 2010-2014
Figure 17: Italian Government Debt as a Percentage of GDP (%), 2010-2019
Figure 18: Italian Stock Market Performance, 2010-2014
Figure 19: Italian HNWI Wealth vs GDP Ratio (%), 2010-2019
Figure 20: Italian HNWIs - Volume by Wealth Band, 2010-2019
Figure 21: Italian HNWIs - Wealth by Wealth Band (in US$ Billions), 2010-2019
Figure 22: Italian HNWIs - Wealth Per Capita (in US$ Millions), 2010-2019
