Synopsis
This report is the result of WealthInsight’s extensive research covering the high net worth individual (HNWI) population and wealth management market in Peru.
Scope
• Independent market sizing of Peru's 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 ratings of wealth management saturation and potential
• Details of the development, challenges and opportunities of the wealth management and private banking sector in Peru
• Size of Singapore's wealth management industry
• Largest private banks by AuM
• Detailed wealth management and family office information
• Insights into the drivers of HNWI wealth
Summary
This report reviews the performance and asset allocations of HNWIs and ultra-HNWIs in Peru. It also includes an evaluation of the local wealth management market.
Reasons To Buy
• The Peru Wealth Report 2014 is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the report comprises a wide variety of data that is created based on over 125,000 HNWIs from around the world in our database.
• With the wealth reports as the foundation for its research and analysis, WealthInsight is able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions it covers.
• The report reviews the performance and asset allocations of HNWIs and ultra-HNWIs. The report also includes projections of the volume, wealth and asset allocations of the HNWIs to 2018, and a comprehensive background of the local economy.
• The report provides a thorough analysis of the private banking and wealth management sector, the latest merger and acquisition activity, and the opportunities and challenges that it faces.
• It also provides detailed information on HNWI volumes in each major city.
Key highlights
• There were 23,009 HNWIs in Peru in 2013. These HNWIs held US$127.3 billion in wealth, and the average wealth per HNWI was US$5.5 million.
• In 2013, the volume of Peruvian HNWIs rose by 3.1%, following a 11.8% increase in 2012.
• Growth in both HNWI volumes and wealth is anticipated to improve over the forecast period. The number of Peruvian HNWIs is forecast to grow by 19.4% to reach 28,103 by 2018, and HNWI wealth is expected to grow by 29.1% to reach US$175.1 billion by 2018.
• At the end of 2013, Peruvian HNWIs held 38.7% (US$49.3 billion) of their wealth outside of their home country, which is higher than the global average of 20–30%.
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 Social Background
3.4 Benchmarking Peruvian Wealth in Context
3.4.1 Distribution of wealth in Peru
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
4.2 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 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 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 Peruvian 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 Peruvian 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 Wealth Management and the Private Banking Industry
6.2.1 The Peruvian Wealth Management Industry Clientele Model and Maturity
6.3 Behavioral Mapping of Wealth Management and Private Banking in Peru
6.4 Porter’s Five Force Analysis the Wealth Management Industry
7 Appendix
7.1 Additional Components of the Wealth Sector in Peru
7.1.1 Philanthropy
7.1.2 Demand for intergenerational wealth transfer
7.2 Tax Regulations
7.3 Regulations Related to Immigration, Investment and Employment
7.4 Key Drivers
7.4.1 PEN 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 investment inflows and outflows
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 Peru by Population (Volume), 2013
Table 3: Peruvian HNWIs Volume Distribution (%), 2013
Table 4: Peruvian HNWIs Wealth Distribution (%), 2013
Table 5: Peruvian HNWIs Industry Performance, 2009–2013
Table 6: Peruvian HNWIs Cities, 2013
Table 7: Peruvian HNWIs Growth in Top Cities (Thousand), 2009–2013
Table 8: Peruvian HNWIs Population Density in Major Cities (Thousand), 2013
Table 9: Peruvian HNWIs Populations in Top Cities (Thousand), 2009–2018
Table 10: Peruvian HNWIs Growth Rates for Top Cities (%), 2009–2018
Table 11: Peruvian UHNWIs Gender Performance (%), 2009–2013
Table 12: Peruvian UHNWIs Sources of Wealth (%), 2013
Table 13: Peruvian UHNWIs Populations in Top Cities, (Thousand) 2009–2018
Table 14: Peruvian UHNWIs Growth Rates in Top Cities (%), 2009–2018
Table 15: Peruvian Billionaires Market Overview (Volume and US$ Billion), 2009–2018
Table 16: Peruvian Top Nine Billionaires (US$ Billion), 2013
Table 17: Peruvian Centimillionaires Market Overview (Volume and US$ Million/Billion), 2009–2018
Table 18: Peruvian Affluent Millionaires Market Overview (Volume and US$ Million/Billion), 2009–2018
Table 19: Peruvian Mid-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2009–2018
Table 20: Peruvian Lower-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2009–2018
Table 21: Peruvian HNWIs Allocations of Assets (%), 2009–2018
Table 22: Peruvian HNWIs Holdings Growth (%), 2009–2018
Table 23: Peruvian HNWIs Alternative Asset Composition (%), 2009–2018
Table 24: Peruvian HNWIs Trends of Investments in Alternative Assets (%), 2009–2018
Table 25: Peruvian Trends in ‘Art, Wine and Wheels’, 2009–2013
Table 26: Global Prime Real Estate Prices per m2 (US$), 2014
Table 27: Peruvian HNWIs Foreign Investment Allocations (%), 2009–2018
Table 28: Peruvian HNWIs Liquidity Breakdown (US$ Billion), 2009–2018
Table 29: Peruvian HNWIs Liquidity Breakdown (%), 2009–2018
Table 30: Peruvian UHNWIs Allocations and Share of HNWI Assets (%), 2013
Table 31: Leading Domestic Banks in Peru by Local AuM (US$ Million), 2013
Table 32: Leading Foreign Private Banks in Peru by Local AuM (US$ Million), 2013
Table 33: Peruvian Income Tax Bands (US$), 2013–2014
Table 34: PEN per US$ Exchange Rate, 2009–2018
Table 35: Peruvian Real GDP Growth (%), 2009–2018
Table 36: Peruvian GDP per Capita (US$), 2009–2018
Table 37: Peruvian Domestic Market Capitalization (US$ Billion), 2009–2013
Table 38: Peruvian Commodity Indices, 2009–2018
Table 39: Peruvian Foreign Direct Investment (US$ Billion), 2009–2018
Table 40: Peruvian Inflation Rate (%), 2009–2018
Table 41: Peruvian Money Market Rate (%), 2009–2018
Table 42: Peruvian Balance of Payments (US$ Billion), 2009–2013
Table 43: Peruvian Government Debt as a Percentage of GDP, 2009–2018
Table 44: Peruvian Stock Market Performance, 2009–2013
Table 45: Peruvian HNWI Wealth vs GDP Ratio, 2009–2018
Table 46: Peru Appendix One
Table 47: Peru Appendix Two
List Of Figures
Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Peru
Figure 3: Peruvian Asset Price Performance (%), 2009–2013
Figure 4: Peruvian HNWIs Performance (US$ Billion and HNWI Volume), 2009–2018
Figure 5: Peruvian vs Global HNWIs (%), 2009–2018
Figure 6: Peruvian HNWIs Growth Factor Correlation, 2009–2013
Figure 7: Peruvian HNWIs Wealth Pyramid (Volume Distribution), 2013
Figure 8: Peruvian HNWIs Wealth Pyramid (Distribution), 2013
Figure 9: Peruvian HNWIs Age Distribution (%), 2013
Figure 10: Peruvian HNWIs Job Titles (%), 2009–2013
Figure 11: Peruvian HNWIs Distribution by Industry (%), 2013
Figure 12: Peruvian HNWIs City Performance (%), 2009–2013
Figure 13: Peruvian HNWIs Populations by City (Thousand), 2009 and 2013
Figure 14: Peruvian HNWIs City Forecasts (%), 2014–2018
Figure 15: Peruvian HNWIs Populations by City (Thousand), 2014–2018
Figure 16: Peruvian UHNWIs Wealth Share vs Volume Growth (%), 2009–2013
Figure 17: Peruvian UHNWIs Volume by Wealth Band (Thousand), 2009–2018
Figure 18: Peruvian UHNWIs Wealth by Wealth Band (US$ Billion), 2009–2018
Figure 19: Peruvian UHNWIs Age Distribution (Percentage Share), 2013
Figure 20: Peruvian UHNWIs Distribution by Industry (%), 2013
Figure 21: Peruvian Billionaires Market Overview (Volume and US$ Billion), 2009–2018
Figure 22: Peruvian Centimillionaires Market Overview (Volume and US$ Million/Billion), 2009–2018
Figure 23: Peruvian Affluent Millionaires Market Overview (Volume and US$ Million/Billion), 2009–2018
Figure 24: Peruvian Mid-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2009–2018
Figure 25: Peruvian Lower-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2009–2018
Figure 26: Peruvian HNWIs Asset Class Composition (%), 2009–2018
Figure 27: Peruvian HNWIs Trends in Alternative Assets (US$ Billion), 2009–2018
Figure 28: Peruvian Trends in ‘Art, Wine and Wheels’, 2009–2013
Figure 29: Peruvian HNWIs Foreign Investment Allocations and Growth (%), 2013
Figure 30: Peruvian HNWIs Global Distribution of Foreign Investments (%), 2009–2018
Figure 31: Peruvian HNWIs Liquidity Breakdown (%), 2009–2018
Figure 32: Peruvian UHNWIs Asset Class Composition (%), 2009–2018
Figure 33: Peruvian Wealth Management Industry Maturity Level of Operators, 2014
Figure 34: The Peruvian Wealth Management Industry Behavioral Mapping, 2013
Figure 35: The Peruvian Wealth Management Industry Five Forces Analysis
Figure 36: BRL to US$ Exchange Rate, 2009–2018
Figure 37: Peruvian Real GDP Growth (%), 2009–2018
Figure 38: Peruvian GDP per Capita (US$), 2009–2018
Figure 39: Peruvian Domestic Market Capitalization (US$ Billion), 2009–2013
Figure 40: Peruvian Commodity Indices, 2009–2018
Figure 41: Peruvian Foreign Direct Investment (US$ Billion), 2009–2018
Figure 42: Peruvian Inflation Rate (%), 2009–2018
Figure 43: Peruvian Money Market Rate (%), 2009–2018
Figure 44: Peruvian Balance of Payments (US$ Billion), 2009–2013
Figure 45: Peruvian Government Debt as a Percentage of GDP, 2009–2018
Figure 46: Peru Stock Market Performance, 2009–2013
Figure 47: Peruvian HNWI Wealth vs GDP Ratio, 2009–2018
Figure 48: Peruvian HNWIs Volume by Wealth Band, 2009–2018
Figure 49: Peruvian HNWIs Wealth by Wealth Band (US$ Billion), 2009–2018
Figure 50: Peruvian HNWIs Wealth per Capita (US$ Million), 2009–2018
