Synopsis
This report is the result of WealthInsight’s extensive research covering the high net worth individual (HNWI) population and wealth management market in Poland.
Scope
• Independent market sizing of Poland'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
• The number of UHNWIs in major cities
• The 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 Poland
• Size of Poland'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 Poland. It also includes an evaluation of the local wealth management market.
Reasons To Buy
• The Poland 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 WealthInsight's 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, latest merger and acquisition activity and the opportunities and challenges that it faces.
• It also provides detailed information on HNWIs volumes in each major city.
Key highlights
• In 2013, there were 28,405 HNWIs in Poland. These HNWIs held US$127.7 billion in wealth, and wealth per HNWI averaged US$4.5 million.
• Following a 4.9% decrease in 2012, HNWI numbers in Poland rose by 2.0% in 2013.
• Growth in HNWI wealth and volumes are expected to improve over the forecast period. The number of Polish HNWIs is forecast to grow by 12.9% to reach 33,017 by 2018, and HNWI wealth is expected to grow by 30.5%, to reach US$174.2 billion by 2018.
• In 2013, Polish HNWIs held 27.8% (US$35.5 billion) of their wealth outside of the country, in line with 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 Polish Wealth in Context
3.4.1 Distribution of wealth in Poland
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 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 Polish 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 Polish 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 Private Banking Industry
6.3 Wealth Management and the Private Banking Industry
6.3.1 Polish wealth management industry - clientele model and maturity
6.4 Behavioral Mapping of Wealth Management and Private Banking in Poland
6.5 Porter’s Five Force Analysis - The Wealth Management Industry
7 Appendix
7.1 Additional Components of the Wealth Sector in Poland
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 Real GDP growth
7.4.2 Per capita GDP
7.4.3 Domestic market capitalization
7.4.4 Commodity index
7.4.5 Foreign direct investments - inflow and outflow
7.4.6 Inflation rate
7.4.7 Interest rate
7.4.8 Balance of payments
7.4.9 Government debt
7.4.10 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 Poland by Population (Volume), 2013
Table 3: Polish HNWIs - Volume Distribution (%), 2013
Table 4: Polish HNWIs - Wealth Distribution (%), 2013
Table 5: Polish HNWIs - Industry Performance, 2009-2013
Table 6: Polish HNWIs - Cities, 2013
Table 7: Polish HNWI Growth in Top Cities (Thousand), 2009-2013
Table 8: Polish HNWI Population Density in Major Cities (Thousand), 2013
Table 9: Polish HNWIs in Top Cities, 2009-2018
Table 10: Polish HNWIs - Growth Rates for Top Cities (%), 2009-2018
Table 11: Poland Volume of HNWI by States, 2013
Table 12: Polish HNWI State Performance (%), 2009-2013
Table 13: Polish HNWIs Population Density by State, 2013
Table 14: Polish UHNWI Gender Performance (%), 2009-2013
Table 15: Polish UHNWI Sources of Wealth (%), 2013
Table 16: Polish Volume of UHNWIs in Top Cities, 2009-2018
Table 17: Polish UHNWI Growth Rates in Top Cities (%), 2009-2018
Table 18: Polish Billionaires Market Overview (Volume and US$ Billion), 2009-2018
Table 19: Polish Top 5 Billionaires (US$ Billion), 2013
Table 20: Polish Billionaire Wealth Growth (US$ Billion), 2009?2013
Table 21: Polish Centimillionaires Market Overview (Volume and US$ Million/Billion), 2009-2018
Table 22: Polish Affluent Millionaires Market Overview (Volume and US$ Million/Billion), 2009-2018
Table 23: Polish Mid-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2009-2018
Table 24: Polish Lower-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2009-2018
Table 25: Polish Allocations of HNWI Assets (%), 2009-2018
Table 26: Polish HNWI Holdings Growth (%), 2009-2018
Table 27: Polish HNWI Alternative Asset Composition (%), 2009-2018
Table 28: Polish HNWI Trends of Investments in Alternative Assets (%), 2009-2018
Table 29: Polish Trends in ‘Art, Wine and Wheels’, 2009-2013
Table 30: Global Prime Real Estate Prices per m2 (US$), 2014
Table 31: Polish HNWI Foreign Investment Allocations (%), 2009-2018
Table 32: Polish HNWI Liquidity Breakdown (US$ Billion), 2009-2018
Table 33: Polish HNWI Liquidity Breakdown (%), 2009-2018
Table 34: Polish UHNWI Allocations and Share of HNWI Assets (%), 2013
Table 35: Leading Domestic Banks in Poland by Local AuM (US$ Million), 2013
Table 36: Leading Foreign Private Banks in Poland by Head Office, 2013
Table 37: Leading Polish Family Offices, 2013
Table 38: Polish Wealth Management Industry - Recent Deal Activity, 2014
Table 39: Polish Income Tax Bands (USD), 2013-2014
Table 40: Polish Real GDP Growth (%), 2009-2018
Table 41: Polish GDP per Capita (US$), 2009-2018
Table 42: Polish Domestic Market Capitalization (US$ Billion),2009-2013
Table 43: Polish Commodity Indices, 2009-2018
Table 44: Polish Foreign Direct Investment (US$ Billion), 2009-2018
Table 45: Polish Inflation Rate (%), 2009-2018
Table 46: Polish Money Market Rate (%), 2009-2018
Table 47: Poland’s Balance of Payments (US$ Billion), 2009-2013
Table 48: Polish Government Debt as a Percentage of GDP, 2009-2018
Table 49: Polish Stock Market Performance, 2009-2013
Table 50: Polish HNWI Wealth vs GDP Ratio, 2009-2018
Table 51: Poland - Appendix One
Table 52: Poland - Appendix Two
List Of Figures
Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Poland
Figure 3: Polish Asset Price Performance (%), 2009-2013
Figure 4: Polish HNWI Performance (US$ Billion and HNWI Volume), 2009-2018
Figure 5: Poland Vs Global HNWIs (%), 2009-2018
Figure 6: Polish HNWIs - Growth Factor Correlation, 2009-2013
Figure 7: Polish HNWIs - Wealth Pyramid (Volume Distribution), 2013
Figure 8: Polish HNWIs - Wealth Pyramid (Distribution), 2013
Figure 9: Polish HNWIs - Age Distribution (%), 2013
Figure 10: Polish HNWIs - Job Titles (%), 2009-2013
Figure 11: Polish HNWIs - Distribution by Industry (%), 2013
Figure 12: Polish HNWIs - City Performance (%), 2009-2013
Figure 13: Polish HNWIs - Volume of HNWIs by City (Thousand), 2009 and 2013
Figure 14: Polish HNWIs - City Forecasts (%), 2014-2018
Figure 15: Polish Volume of HNWIs by City (Thousand), 2014-2018
Figure 16: Polish UHNWI Wealth Share vs Volume Growth (%), 2009-2013
Figure 17: Polish UHNWI Volume by Wealth Band (Thousand), 2009-2018
Figure 18: Polish UHNWI Wealth by Wealth Band (US$ Billion), 2009-2018
Figure 19: Polish UHNWI Age Distribution (Percentage Share), 2013
Figure 20: Polish UHNWI Distribution by Industry (%), 2013
Figure 21: Polish Billionaires Market Overview (Volume and US$ Billion), 2009-2018
Figure 22: Polish Centimillionaires Market Overview (Volume and US$ Million/Billion), 2009-2018
Figure 23: Polish Affluent Millionaires Market Overview (Volume and US$ Million/Billion), 2009-2018
Figure 24: Polish Mid-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2009-2018
Figure 25: Polish Lower-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2009-2018
Figure 26: Polish HNWI Asset Class Composition (%), 2009-2018
Figure 27: Polish HNWI Trends in Alternative Assets (US$ Billion), 2009-2018
Figure 28: Polish Trends in ‘Art, Wine and Wheels’, 2009-2013
Figure 29: Polish HNWI Foreign Investment Allocations and Growth (%), 2013
Figure 30: Polish HNWI Global Distribution of Foreign Investments (%), 2009-2018
Figure 31: Polish HNWI Liquidity Breakdown (%), 2009-2018
Figure 32: Polish UHNWI Asset Class Composition (%), 2009-2018
Figure 33: Polish Wealth Management Industry - Maturity Level of Operators, 2014
Figure 34: Polish Wealth Management Industry - Behavioral Mapping, 2013
Figure 35: Polish Wealth Management Industry - Five Forces Analysis
Figure 36: Polish Real GDP Growth (%), 2009-2018
Figure 37: Polish GDP per Capita (US$), 2009-2018
Figure 38: Polish Domestic Market Capitalization (US$ Billion), 2009-2013
Figure 39: Polish Commodity Indices, 2009-2018
Figure 40: Polish Foreign Direct Investment (US$ Billion), 2009-2018
Figure 41: Polish Inflation Rate (%), 2009-2018
Figure 42: Polish Money Market Rate (%), 2009-2018
Figure 43: Poland’s Balance of Payments (US$ Billion), 2009-2013
Figure 44: Polish Government Debt as a Percentage of GDP, 2009-2018
Figure 45: Polish Stock Market Performance, 2009-2013
Figure 46: Polish HNWI Wealth vs GDP Ratio, 2009-2018
Figure 47: Polish HNWIs - Volume by Wealth Band, 2009-2018
Figure 48: Polish HNWIs - Wealth by Wealth Band (US$ Billion), 2009-2018
Figure 49: Polish HNWIs - Wealth per Capita (US$ Million), 2009-2018
