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UK Ultra High Net Worth Customers 2003Published by: Datamonitor Published: Oct. 22, 2003 - 75 Pages Table of ContentsTABLE OF CONTENTS CHAPTER 1 EXECUTIVE SUMMARY 3 Market Context 3 Customer Focus 5 Competitive Landscape 6 The Future of UK Ultra High Net Worths 7 CHAPTER 2 INTRODUCTION 16 What is this report about? 16 Who is the target reader? 16 Methodology 17 CHAPTER 3 MARKET CONTEXT 19 Economic and financial drivers 19 Introduction 19 Market size 21 Overview 21 Data 25 CHAPTER 4 CUSTOMER FOCUS 28 Investor breakdown 28 Product and service trends for UHNWs 33 Introduction 33 Data 45 CHAPTER 5 COMPETITIVE LANDSCAPE 48 Competitors 48 Asset managers 49 Boutique private banks 49 Family offices 49 Lawyers 50 Universal private banks 50 Profiles 51 Global Asset Management (GAM) 52 Baring Asset Management (BAM) 53 Sagitta Asset Management Ltd. 54 Rothschild Private Management 55 Citigroup Private Bank 56 Sand Aire 57 Withers 58 Baker & McKenzie 59 Data 60 CHAPTER 6 THE FUTURE OF ULTRA HIGH NET WORTHS 61 Underlying forecast assumptions 61 Forecast assumptions 61 The ultra high net worth market 63 Individuals and their liquid assets 63 Ultra high net worth assets as a percentage of total liquid wealth 64 Tradition vs innovation 65 Future products and services 65 Data 66 CHAPTER 7 APPENDIX 68 Research Methodology 68 New developments to the Global Wealth Model 68 The New Methodology 68 The UK sub model 69 European sub model 69 Differences to the old model 69 Forecasting methodology 70 Further information 70 Definitions 71 Further reading 72 Datamonitor Reports 72 Datamonitor Global Wealth Service: Insight Reports 72 Datamonitor Global Wealth Service: Competitor Tracking 73 Do you need further information? 73 Datamonitor financial services consulting 73 SPP writing team 75 AbstractIntroductionThis report sizes the UK ultra high net worth market (GBP5m+) and segments it by source and size of wealth, forecasting the market to 2007. It profiles a selection of the main players, analyzing their retention/acquisition strategies, products and services offering and their future strategies. Scope * The ultra high net worth market is explored in depth, covering environment, drivers and abundance. The state of wealth management is assessed in depth * The key trends, demands and dynamics among high net worth customers are analyzed. Analysis is backed up by strong data and primary interview comment; * Competitor dynamics are examined with focus on the nature of the competitors in this market, their growth. With profiles of the key wealth managers; * The UK UHNW market is forecasted out to 2007, taking into account hard economic and financial variables as well as soft social variables. Report Highlights The number of UHNWs has increased over the last five years, at a growth rate of 6.0% compounded annually. This is in stark contrast to liquid wealth held by those classed as ultra high net worth, which has hardly grown at all, with a compound annual growth rate of just 0.1%. The fact that the number of UHNWs has increased whilst the liquid assets owned by UHNWs has remained fairly constant has meant that average portfolios have decreased. In 1998, the average UHNW portfolio stood at GBP11.1m, whereas in 2002, it stood at only GBP8.8m, a decrease of 20.4% or 5.6% compounded annually. After 2003, UHNW liquid assets will increase steadily as a percentage of total liquid assets, rising from 3.8% in 2003 to 4.5% in 2007, as these more sophisticated investors see better returns in other investments on top of equity returns. Reasons to Purchase * For Strategic planners; find out what's going on amongst your customers and your competitors, how big is the market and what can you do to gain ground * For product developers; find out what consumers want and what your innovative competitors are offering in this space to attract new custom; * For Marketing Managers; This report will afford you an insight into the client facing strategies of your competitors. Get Full Details About This Report >> |
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