Synopsis
This report is a thorough analysis of the UK's Wealth Management and Private Banking sector, and the opportunities and challenges that it faces.
Scope
• Independent market sizing of the UK 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 the UK.
• 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 the UK 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
• UK HNWIs held 29.6% (US$810.2 billion) of their wealth outside their home country at the end of 2014, in line with the worldwide average of 20–30%.
• WealthInsight expects foreign asset holdings will increase to US$1.2 trillion by 2019, accounting for 30.9% of total HNWI assets.
• Europe accounted for 37.9% of UK HNWIs foreign assets in 2014.
• This was followed by the Asia-Pacific with 21.3%, Central and Southern America with 17.6%, North America with 17.5%, the Middle East with 3.3% and Africa with 2.3%.
• UK HNWI allocations to Europe decreased sharply compared with other regions during the review period, going from 51.3% in 2010 to 37.9% in 2014. North America and Asia-Pacific were the emerging regions in terms of global investment.
• WealthInsight expects HNWIs to decrease their levels of investment in Europe over the forecast period, to reach 29.0% of foreign HNWI assets by 2019.
Table Of Contents
1 Introduction
1.1 Details of this Report
1.2 Definitions
2 Executive Summary
3 Wealth Sector Fundamentals
3.1 Political Background
3.2 Economic Background
3.3 Benchmarking the UKs Wealth in Context
3.3.1 Distribution of wealth in the UK
3.4 HNWI Volume and Wealth Trends
4 Competitive Landscape of the Wealth Sector
4.1 Competitive Landscape
4.1.1 Domestic private banks
4.1.2 Foreign private banks
4.1.3 Wealth managers
4.1.4 Family offices
4.1.5 Financial advisors
4.2 UK Wealth Management Industry - Clientele Model and Maturity
4.3 Behavioral Mapping of Wealth Management and Private Banking in the UK
5 Appendix
5.1 Additional Components of the Wealth Sector in the UK
5.1.1 Philanthropy
5.1.2 Demand for intergenerational wealth transfer
5.2 Tax Regulations
5.3 Regulations Related to Immigration, Investment and Employment
5.4 Key Drivers
5.4.1 GBP to US$ 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 the UK (Thousand), 2014
Table 3: Leading Domestic Private Banks in the UK by AuM (US$), 2014
Table 4: Leading Foreign Private Banks in the UK by AuM (US$), 2014
Table 5: UK Wealth Managers, 2014
Table 6: UK Family Offices, 2014
Table 7: UK Income Tax Bands (CHF), 2014-2014
Table 8: GBP per US$ Exchange Rate (%), 2010-2019
Table 9: UK Real GDP Growth (%), 2010-2019
Table 10: UK GDP Per Capita (US$), 2010-2019
Table 11: UK Domestic Market Capitalization (US$ Billion), 2010-2014
Table 12: UK Commodity Indices, 2010-2019
Table 13: UK Foreign Direct Investments (US$ Billion), 2010-2019
Table 14: UK Inflation Rate (%), 2010-2019
Table 15: UK Money Market Rate (%), 2010-2019
Table 16: UK Balance of Payments (US$ Billion), 2010-2014
Table 17: UK Government Debt as a Percentage of GDP (%), 2010-2019
Table 18: UK Stock Market Performance, 2010-2014
Table 19: UK HNWI Wealth vs GDP Ratio (%), 2010-2019
Table 20: The UK - Appendix One
Table 21: The UK - Appendix Two
List Of Figures
Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of the UK
Figure 3: The UKs Asset Price Performance (US$), 2010-2014
Figure 4: UK HNWI Performance (US$), 2010-2019
Figure 5: UK vs Global HNWIs (US$), 2010?2014
Figure 6: UK Wealth Management Industry - Maturity Level of Operators
Figure 7: UK Wealth Management Industry - Behavioral Mapping, 2014
Figure 8: GBP to US$ Exchange Rate (%), 2010-2019
Figure 9: UK Real GDP Growth (%), 2010-2019
Figure 10: UK GDP Per Capita (US$), 2010-2019
Figure 11: UK Domestic Market Capitalization (US$ Billion), 2010-2014
Figure 12: UK Commodity Indices, 2010-2019
Figure 13: UK Foreign Direct Investments (US$ Billion), 2010-2019
Figure 14: UK Inflation Rate (%), 2010-2019
Figure 15: UK Money Market Rate (%), 2010-2019
Figure 16: UK Balance of Payments (US$ Billion), 2010-2014
Figure 17: UK Government Debt as a Percentage of GDP (%), 2010-2019
Figure 18: UK Stock Market Performance, 2010-2014
Figure 19: UK HNWI Wealth vs GDP Ratio (%), 2010-2019
Figure 20: UK HNWIs - Volume by Wealth Band, 2010-2019
Figure 21: UK HNWIs - Wealth by Wealth Band (in US$ Billions), 2010-2019
Figure 22: UK HNWIs - Wealth Per Capita (in US$ Millions), 2010-2019
