Indonesia Wealth Management: Market Sizing and Opportunities to 2022

2019-09-30
Price :
Published : Sep-2019
No. of Pages : 41

Indonesia Wealth Management: Market Sizing and Opportunities to 2022

Summary

While the Indonesian affluent market remains small, it is set for continuous strong growth. In 2018, the affluent population (comprising high-net-worth [HNW] and mass affluent individuals) accounted for only 0.71% of adults in the country. However, the segment held 95.4% of Indonesia’s total onshore liquid assets in 2018, with mass affluents alone holding more than half.

Indonesian HNW investors hold the majority (89.9%) of their investments in liquid assets such as equities, mutual funds, deposits, and bonds. However, wealth managers must remain aware of the slowly increasing investments in illiquid assets, with their proportion expected to rise over the coming years.

Indonesia’s retail savings and investments market has been growing at a constant pace and this trend is expected to continue over the next five years. Overall, the value of the market tripled from $108bn in 2008 to $326bn in 2018 and is expected to cross the $400bn mark in 2022.

Based on our proprietary datasets, this report analyzes Indonesia’s wealth and retail savings and investments markets, with a focus on the HNW segment. This includes overall affluent market size (both by number of individuals and the value of their liquid assets) as well as a breakdown of liquid versus 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.

Scope

– Affluent individuals accounted for 0.7% of Indonesia’s total adult population in 2018, collectively holding 95.4% of the country’s retail wealth.
– Deposits remain the preferred investment avenue among Indonesian retail investors, accounting for 66.8% of the total liquid retail savings and investments in 2018.
– 26.8% of Indonesian HNW investors’ wealth was held outside of the country, with tax efficiency being the main reason to invest offshore.

Reasons to buy

– Make strategic decisions using top-level historic and forecast data on Indonesian wealth industry.
– Identify the most promising client segment by analyzing penetration of affluent individuals.
– Receive detailed insight into retail liquid asset holdings in Indonesia, including deposits, mutual funds, equities, and bonds.
– Understand changing market and competitive dynamics by learning about new competitors and recent deals in the wealth space.
– See an overview of key digital disruptors in the country’s wealth market.

Filed in: Banking & Finance, Wealth Management
Publisher : GlobalData
More Reports
Title Price Buy Now

Payment Processing Solutions Market by Payment Method (Debit Card, Credit Card, eWallets, ACH), Deployment Type (On-premises, Cloud-based), Vertical (BFSI, Government and Utilities, Telecom and IT, Healthcare) and Region – Global Forecast to 2027

MarketsandMarkets forecasts the payment processing solutions market size to grow from USD 90.9 billion in 2022 to USD 147.4 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 10.1% during the forecast period. “By Payment method, the credit card record a larger market share during the forecast period” Credit card is a payment card issued to users , enabling the cardholder to pay a merchant for goods and services and other charges. A credit card enables consumers to build a continuing balance of debt, subject to interest being charged. A credit card typically involves a third-party entity that pays the seller and is reimbursed by the buyer. The banks and other financial institutes offer various credit cards, such as business, secured, prepaid, and digital cards. “By D......
$4950

Goldman Sachs Wealth Management – Competitor Profile

Goldman Sachs Wealth Management - Competitor Profile Summary This competitor profile provides a comprehensive analysis of Goldman Sachs' private banking and wealth management operations. It offers insight into the company's strategy and financial performance, including key data on assets under management. Customer targeting, service proposition, product innovation, and marketing activities are also covered. Goldman Sachs is one of the leading financial services companies globally, with a presence in 29 locations. It operates through four business divisions: Investment Banking, Global Markets, Asset Management, and Consumer and Wealth Management. Scope - In January 2020, Goldman Sachs introduced a new Consumer and Wealth Management division. Wealth Management was previously under Inves......
$1295

Israel PESTLE Insights – A Macroeconomic Outlook Report

Israel PESTLE Insights - A Macroeconomic Outlook Report Summary Financial intermediation, real estate and business activities contributed 32.9% to the gross value added (GVA) in 2020, followed by mining, manufacturing and utilities (14.2%) and transport, storage and communication (13.4%). According to GlobalData, the three sectors are forecast to grow by 5.9%, 2.2% and 5.4%, respectively, in 2021. Tel Aviv and Jerusalem accounted for 56.5% of the country's GDP and 59.7% of Israel's population in 2020 The overall TA 25 (Israeli Stock Exchange) index exhibited an upward trend over the past year. As of November 12, 2021, the TA index stood at 1,889.38, compared to 1,418.39 on November 12, 2020. Scope - The Infrastructure For Growth' program aims to invest ILS230 billion ($70 billion) in......
$500

AXA – Enterprise Tech Ecosystem Series

AXA - Enterprise Tech Ecosystem Series Summary AXA SA is a global insurance company offering both life and non-life insurance products. It offers life insurance and savings products such as individual life insurance, group life insurance, health and personal protection products, and individual and group savings retirement products. It also offers property and casualty insurance products such as motor, household, property, and general liability insurance, apart from retail banking products and services. AXA operates in six geographical segments namely France, Asia, Europe, AXA XL (the U.S.-based subsidiary of AXA offering insurance products to commercial establishments), transversal and central holdings and international, which comprises Africa, Latin America, and Middle East. The company......
$1495

Tenpay – Competitor Profile

Tenpay - Competitor Profile Summary Tenpay is the second-largest online payment platform in China, behind only Alipay. It was launched in 2005 by Tencent, China's leading internet company. Tenpay supports online, in-app, and in-store payments both in China and abroad. Tenpay users can make fund transfers to other users' Tenpay accounts or their bank accounts. Users can also make mortgage and credit card payments and can invest in various financial products. Tencent also owns popular social media platforms including QQ Messenger and WeChat; it has integrated payment services into these apps called QQ Wallet and WeChat Pay, allowing users to conduct payment transactions directly. Tenpay is concentrated mostly in China, although it has expanded its services to select international markets......
$350

Google Pay – Competitor Profile

Google Pay - Competitor Profile Summary Google Pay was launched in February 2018. The service was formed following the merger of Google's existing Google Wallet and Android Pay payment brands. The solution is accepted at millions of retail outlets globally and supports all of the major payment networks, including American Express, Mastercard, Visa, Discover (US only), Visa Electron (excluding the US), PayPal, and JCB (Japan and US only). It is supported by a host of major banks and credit unions in the US. Users can store details of multiple debit, credit, and prepaid cards on Google Pay, which can be used to make payments at merchant outlets. In addition to in-store payments, Google Pay allows consumers to make online payments, enabling users to shop on participating websites. In India......
$350

Alipay – Competitor Profile

Alipay - Competitor Profile Summary Launched in 2004, Alipay is the largest alternative payment service provider globally in terms of transaction value. It is a subsidiary of Ant Financial Services, which is controlled by Alibaba Group. Alipay allows users to make fund transfers as well as online, in-app, and in-store payments at home and abroad. It is the primary method of payment for Alibaba's online marketplaces, including AliExpress, Tmall, and Taobao. In FY2021 ended March 31, almost 70% of gross merchandise value in Alibaba's Chinese marketplaces was settled via Alipay. The solution has become mainstream in China and is used to make payments for everything from retail purchases to taxi fares and hospital costs. Alipay is accepted in more than 110 countries, allowing Chinese touri......
$350

Hong Kong Retail Banking Market to 2025 – Analyzing Mortgage, Deposit, Lending Market Trends, and Digital & Alternative Channel Preferences

Hong Kong Retail Banking Market to 2025 - Analyzing Mortgage, Deposit, Lending Market Trends, and Digital & Alternative Channel Preferences Summary The retail banking sector in Hong Kong has shown growth despite the recent impact of COVID-19. Residential mortgages and retail deposits recorded the highest compound annual growth rates (CAGRs) in the region, with the exception of China. Consumer credit lending showed a strong CAGR in personal loans, again only trailing the Chinese market. However, growth across credit cards was weaker as economic activity decreased due to the pandemic. The Hong Kong market has witnessed a triple threat over the last few years. Its economy entered a recession in 2017 as geopolitical forces such as the US-China trade war had effects on the territory. Domestic......
$5250

Guyana Insurance Industry – Key Trends and Opportunities to 2025

Guyana Insurance Industry - Key Trends and Opportunities to 2025 Summary GlobalData's 'Guyana Insurance Industry - Key Trends and Opportunities to 2025' report provides in-depth market analysis, information and insights into the Guyanese insurance industry. This report provides a detailed outlook by product category for the Guyanese insurance industry. It provides values for key performance indicators such as gross written premium, penetration, density and cession rates, during the review period (2016-2020) and forecast period (2020-2025). The report gives a comprehensive overview of Guyanese economy and demographic, covid-19 impact on the industry and provides detailed information on the competitive landscape in the country. The report brings together GlobalData's research, modeling......
$1450

Iran Cards and Payments – Opportunities and Risks to 2025

Iran Cards and Payments - Opportunities and Risks to 2025 Summary GlobalData's ‘Iran Cards and Payments - Opportunities and Risks to 2025' report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards and cheques during the review-period (2017-21e). The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2021e-25f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes. The report brings together GlobalData's......
$2750
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy