Belgium Wealth Management: Market Sizing and Opportunities to 2022
Based on our proprietary datasets, this report analyzes Belgium’s wealth and retail savings and investments markets, with a focus on the high net worth (HNW) segment. This includes the overall affluent market size (both by the number of individuals and the value of their liquid assets) as well as a breakdown of liquid vs. illiquid HNW holdings. The report also provides analysis of the factors driving liquid asset growth, including a breakdown and forecast of total retail savings and investments split by asset classes including deposits, mutual funds, equities, and bonds.
Steady economic growth, high levels of affluence, and Belgium’s economically strategic location make the country an attractive market to operate in. HNW and mass affluent individuals collectively represent 35.5% of the total adult population. Belgian HNW investors hold 76.6% of their investments in liquid assets such as equities, mutual funds, deposits, and bonds. However, wealth managers must also focus on the slowly increasing investments in illiquid assets seen in recent years, with this trend set to continue going forward. Recording a compound annual growth rate (CAGR) of 2.9% over 2014-18, Belgium’s retail savings and investments market reached a value of $801.3bn in 2018.
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