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Wealth Management in Mexico 2005

Datamonitor
October 4, 2006
48 Pages - SKU: DFMN1354565

Abstract Table of Contents Search inside this report Related Reports

Countries covered: Mexico

Introduction

This report siizes, segments and forecasts the number of wealthy individuals in Mexico, assesses the market for wealth management services and the competitors aiming at this market.

Scope

Sizing and forecasting of mass affluent and high net worth individuals were generated from Datamonitor's proprietary Global Wealth Model.
Assesses competitive developments among the region's main players.
Key companies covered: Banamex, Bancomer & Banco Serfin.
Geography: Mexico.

Highlights

In 2000 there were 124,500 mass affluent individuals in Mexico and 29,700 high net worths and by the end of 2004 there were 184,300 mass affluents and 49,300 high net worths holding EUR72bn in onshore liquid assets between them. Although mass affluents account for 79% of the population, they hold only 30% of the liquid assets.

The total number of mass affluent individuals in Mexico is expected to increase from 184,300 in 2004 to 269,400 in 2009, representing a compound annual growth rate of 7.9%.

The number of high net worth individuals is also expected to increase over the next five years and at a higher rate than the number of mass affluents. The compound annual growth rate of high net worth individuals over the 2004-2009 period is forecast at 8.8%, with the number increasing by just over 50% from 49,300 in 2004 to 75,000 in 2009.

Reasons to Purchase

Assess market attractiveness by reviewing size and growth forecasts up to 2009.
Assess the threats and opportunities for wealth managers in the market.
Learn strategies to enhance share of wallet from client base.

EXECUTIVE SUMMARY
INTRODUCTION: What is this report about?; Who is the target reader?; How to use this report
MEXICAN MASS AFFLUENTS AND HIGH NET WORTHS: Introduction; Mexico's retail savings and investments market is well-diversified; 233,000 wealthy Mexicans held EUR72bn in onshore liquid assets in 2004, mostly in the hands of high net worths; Regulatory overhauls in the last 15 years have created a banking system that is predominantly foreign-owned, but still difficult to enter; Data
COMPETITION FOR MEXICAN WEALTHY CLIENTS: Introduction; Key findings; The Mexican banking market is consolidated; Wealth Management in Mexico; Mexico's offshore preferences
FUTURE MARKET SIZE: Introduction; Key findings; Market growth to 2009; Data
APPENDIX: Definitions; Global Wealth Model Methodology; Further Reading; SPP writing team
List of Tables: Table 1: Retail savings and investments, % invested by asset class, 1999-2004; Table 2: Mexico mass affluent onshore liquid assets, EURbn, 2000-4; Table 3: Mexico number of mass affluent individuals, EURbn, 2000-4; Table 4: Mexico high net worth onshore liquid assets, EURbn, 2000-4; Table 5: Mexico number of high net worth individuals, EURbn, 2000-4; Table 6: Mexico mass affluent onshore liquid assets, EURbn, 2005-9; Table 7: Mexico number of mass affluent individuals, EURbn, 2005-9; Table 8: Mexico high net worth onshore liquid assets, EURbn, 2005-9; Table 9: Mexico number of high net worth individuals, EURbn, 2005-9
List of Figures: Figure 1: Mexico's wealthy population stagnated but did not decline during the stock market bust; Figure 2: The top 5 banks in Mexico account for 81% of banking assets, December 2005; Figure 3: The number of wealthy Mexican individuals and the amount liquid assets are both expected to grow at a steady pace over the next 5 years; Figure 4: Deposit market shares have remained fairly steady in the last five years; Figure 5: Mexico's wealthy population stagnated but did not decline during the stock market bust; Figure 6: High Net Worths held 70% of wealthy investors' onshore liquid assets in 2004; Figure 7: The top 5 banks in Mexico account for 81% of banking assets, December 2005; Figure 8: The number of wealthy Mexican individuals and the amount liquid assets are both expected to grow at a steady pace over the next 5 years

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