Singapore Wealth Management Market to Witness Massive Growth by 2025 | UOB, OCBD, Bank of Singapore

A new research document is added in HTF MI database of 45 pages, titled as 'Singapore Wealth Management: HNW Investors 2019' with detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America, South & Central America, Middle East & Africa, Europe, Asia-Pacific and important players/vendors such as UBS, DBS, UOB, OCBD, Bank of Singapore. The Study will help you gain market insights, upcoming trends and influencing growth prospects for forecast period of 2020-2025

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Summary

The local HNW segment is older than their global peers, highlighting the need for wealth preservation and efficiently passing on wealth through the generations via trusts or simple inheritance planning. Other opportunities include repatriation of offshore assets and high demand for tax planning due to changes brought about by the OECD's Common Reporting Standard. One of the main challenges is the dominance of advisory asset management, which is more time consuming than offering discretionary mandates.

This report analyzes the investing preferences and portfolio allocation of Singapore's HNW individuals. It profiles HNW investors in terms of their demographics, examines the allocation of HNW investors' portfolios, analyzes their propensity to invest offshore, and explores their product and service demand.

Scope

- Nearly half of male HNW investors are older than 60, compared to just under 40% of female investors. This is high for the region.
- Singapore's large expat population is transient, meaning wealth managers must be able to effectively convert them to offshore clients when they leave.
- After years of waning, commodities and property will grow again in HNW portfolios.
- Few providers currently offer impact investing, despite dramatic growth in demand from the next generation of investors.

Reasons to Buy

- Develop and enhance your client targeting strategies using our data on HNW profiles and sources of wealth.
- Give your marketing strategies the edge required and capture new clients using insights from our data on HNW investors' preferences for the various styles of asset management.
- Tailor your investment product and service portfolio to match current demand among HNW individuals and to react proactively to forecasted changes in demand.

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Companies Mentioned in the Report
HSBC
Standard Chartered
Credit Suisse
UBS
DBS
UOB
OCBD
Bank of Singapore

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Table of Contents
1. EXECUTIVE SUMMARY
1.1. Singapore's wealth market is dominated by foreigners
1.2. Key findings
1.3. Critical success factors
2. SIZING AND FORECASTING
2.1. The proportion of HNW individuals in Singapore will remain relatively static
2.2. Over a third of Singapore's liquid assets are held by HNW individuals
3. DEMOGRAPHICS
3.1. HNW entrepreneurs are a lucrative target market
3.1.1. The majority of HNW individuals have reached or are approaching retirement age
3.1.2. Earned income accounts for a greater proportion of HNW wealth than entrepreneurship
3.2. Financial services and health care are the main (and growing) HNW wealth generators
4. HNW EXPATS
4.1. Expats are above-average and growing part of the HNW market
4.1.1. Expats constitute over 31% of the local HNW market, which is not able to compare to even other high-immigration nations
4.1.2. HNW expats from the UK and China represent an attractive target segment
4.1.3. The transient nature of the Singaporean expat market means being able to transfer an onshore relationship to an offshore one is critical
4.1.4. Auxiliary services will be useful in recruiting expats
4.1.5. Job opportun

....Continued

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It's vital you keep your market knowledge up to date. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization accordingly.

Thanks for reading this article, you can also get individual chapter or section or regional study by limiting the scope to just G7 or G20 or European Union Countries, Eastern Europe, East Asia or Southeast Asia.

Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA - 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com

About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the "Accurate Forecast" in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their "Goals & Objectives".

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