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Product innovation in Asia-Pacific wealth management 2007

Published by: Datamonitor

Published: Dec. 26, 2007 - 32 Pages


Table of Contents


DATAMONITOR VIEW
CATALYST
SUMMARY
EXECUTIVE SUMMARY
Linked products, online services and capital protected investments are where innovation is being seen
Business owners most demand private equity investments
ANALYSIS
The most wealth management product/service launches in Asia-Pacific involve lending products, online service and property investments
78% of Asia-Pacific banks have seen significant new launches of lending products, however innovation is lacking
76% of Asia-Pacific banks have seen significant new launches of online services
76% of Asia-Pacific banks have seen significant new launches of property investments
72% of Asia Pacific banks have seen significant new launches of capital protected products
The market has not seen much in the way of new charity/philanthropy services launches
Lending might be the area where the most new launches are seen, but linked products, online services and capital protected products are where innovation is being seen
Two thirds of banks describe linked products as significantly innovative
62% banks find that online services are significantly innovative
Asia-Pacific banks have mixed feelings regarding capital protected investments as being innovative
Innovation in the next two years is most likely to be seen in the areas of online services, linked products and capital protected investments
Over half the respondents expect a lot more innovation over the next two years in online services
Three quarters of Asia-Pacific banks expect at least a fair amount of innovation over the next two years in linked products
Capital protected products will also be innovative over the next two years
Retirees and business owners are demanding the most innovative wealth management products and services
Retirees and business owners most demand linked products
Retirees most demand capital protected products
Business owners most demand private equity investments
Expatriates and business owners mostly demand online services
Wealth managers must sell the benefits of an innovative product
Data
APPENDIX
Methodology
Further reading
Ask the analyst
Datamonitor consulting
Disclaimer
List of Tables
Table 1: Level of product/service launches being witnessed in the wealth management market
Table 2: Level of innovation being witnessed in various wealth management areas
Table 3: Level of innovation expected to develop over the next two years in various wealth management areas
Table 4: Customer segments that have a lot of demand for the following wealth management areas
List of Figures
Figure 1: 66% of Asia-Pacific banks feel that linked products are significantly innovative
Figure 2: More than a quarter of respondents believe that business owners/entrepreneurs have a lot of demand for private equity investments
Figure 3: Nearly 80% of respondents are seeing a significant number of lending products being launched in the market
Figure 4: 34% of Asia-Pacific banks have seen 'many' new launches of lending products
Figure 5: 38% of Asia-Pacific banks have seen 'many' new launches of online services
Figure 6: Over a quarter of respondents have seen 'many' new launches of property investments
Figure 7: 24% of Asia-Pacific banks have seen 'many' new launches of capital protected products
Figure 8: 22% of Asia-Pacific banks have seen no significant launches of charity/philanthropy services
Figure 9: Linked products and online services are seen as the most innovative areas in wealth management
Figure 10: 66% of Asia-Pacific banks feel that linked products are significantly innovative
Figure 11: The highest proportion of Asia-Pacific banks find that online services are quite innovative
Figure 12: 57% of wealth managers consider capital protected investments significantly innovative
Figure 13: Online services and linked products are most likely to experienced more innovation over the next two years
Figure 14: The majority of respondents believe that there will be a lot more innovation in online services over the next two years
Figure 15: Over three-quarters of respondents expect linked products to develop significantly over the next two years
Figure 16: Almost a quarter of Asia-Pacific banks believe there will be a large increase in innovation over the next two years for capital protected investments
Figure 17: Retirees and business owners demand the most innovative products and services
Figure 18: Asia-Pacific banks see a lot of demand for linked products from business owners/entrepreneurs and retirees
Figure 19: Asia Pacific banks see a lot of demand from retirees for capital protected investments
Figure 20: More than a quarter of respondents see a lot of demand for private equity investments from business owners/entrepreneurs
Figure 21: Expatriates and business owners demand online services from their wealth manager


Abstract

Introduction

The brief will identify key product innovations within the wealth management market in Asia-Pacific and provide analysis to why these products are developing now.

Scope

This brief analyzes the results from the Datamonitor Asia-Pacific Wealth Managers Survey 2007 Primary interviews were conducted with leading Asia-Pacific wealth managers to provide valuable insights

Highlights

The Datamonitor Asia-Pacific Wealth Managers Survey 2007 found that linked products, online services and capital protected investments were considered the most innovative areas in wealth management while tax planning, inheritance planning and philanthropy services were ranked as the least innovative areas. According to the Datamonitor Asia-Pacific Wealth Managers Survey 2007 the most commonly launched products/services were lending products, online services, property investments and capital protected investments while launches of charitable or philanthropic services witnessed the least amount of new launches.

Reasons to Purchase

Wealth manager's insights on innovative product/service areas of the future Survey data results on innovative wealth management products/services.


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