Wealth in the UK: HNW Investors 2017

2017-05-05
Price :
Published : May-2017
No. of Pages : 47

London is a major wealth capital with competitive financial services, fintech, and property industries. HNW individuals from around the world reside in the UK, particularly London, for its attractive lifestyle and business opportunities. The majority of UK HNW investors are over the age of 50, with males accounting for the majority. Equity and bond investments constitute the greatest proportions of UK HNW portfolios, mirroring the regional average. UK wealth managers experience strong demand for financial products and services, with pension planning in particularly high demand.

Key points include –

  • Inherited wealth dominates among UK HNWs, but taken together the largest share has been sourced from family business ownership and first-generation entrepreneurship.
  • The vast majority of UK HNW investors prefer their wealth to be managed professionally, with 79.5% placed in discretionary mandates.
  • Asset allocation is heavily weighted towards equities and bonds. Wealth managers anticipate reduced demand for bond investments and greater interest in non-traditional asset classes.
  • Pension and financial planning services show the strongest demand, and this is not expected to change in the near future. Demand for inheritance planning will remain stable.

Critical success factors –

  • Lead with discretionary offerings: UK HNW investors are comfortable placing their wealth in the hands of a professional. This is reinforced by the fact that 23.3% of wealth managers believe HNW investors choose discretionary asset mandates because they established trust with their wealth manager when they were an advisory client. Wealth managers will do well to offer advisory services in anticipation of moving their assets to discretionary mandates.
  • Providing pension and financial planning services: Given the proportion of HNW investors who have sourced their wealth through inheritance and the notable presence of these services in the UK, stable demand for these services is expected. To differentiate, wealth managers should provide an array of services, such as those focused on financial and pension planning.
  • Target family business owners and entrepreneurs: 40.5% of UK HNW investors have accumulated their wealth through one of these two channels. Wealth managers should offer services that resonate with these segments and provide them with the greatest potential to grow their wealth.

The report “Wealth in the UK: HNW Investors 2017” analyzes the investing preferences and portfolio allocation of UK HNW investors. The report is based on our proprietary Global Wealth Managers Survey.

Specifically the report –

  • Profiles the average UK HNW investor in terms of their demographics and analyzes the expat opportunity in the UK.
  • Analyzes which wealth management mandates are preferred among UK HNW investors and how the demand will develop going forward.
  • Examines the allocation of UK HNW investors’ portfolios into different asset classes and how the allocation is expected to develop in the future.
  • Analyzes the product and service demand among UK HNW investors.

Companies mentioned in this report: Coutts International, DBS, Delancey, Mount Kendal, Sandaire.

Scope

  • Inherited wealth dominates among UK HNWs, but taken together the largest share has been sourced from family business ownership and first-generation entrepreneurship.
  • The vast majority of UK HNW investors prefer their wealth to be managed professionally, with 79.5% placed in discretionary mandates.
  • Asset allocation is heavily weighted towards equities and bonds. Wealth managers anticipate reduced demand for bond investments and greater interest in non-traditional asset classes.
  • Pension and financial planning services show the strongest demand, and this is not expected to change in the near future. Demand for inheritance planning will remain stable.

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’ drivers for seeking investment advice vs self-directing.
  • Tailor your investment product portfolio to match current and future demand for different asset classes among HNW individuals.
  • Develop your service proposition to match the product and service demand expressed by UK HNW investors and react proactively to the forecasted changes in demand.
Filed in: Banking & Finance, Wealth Management
Publisher : GlobalData
More Reports
Title Price Buy Now

Governance, Risk and Compliance – The Kazakhstani Insurance Industry

Governance, Risk and Compliance - The Kazakhstani Insurance Industry Summary GlobalData's 'Governance, Risk and Compliance - The Kazakhstani Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Kazakhstan. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries. The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation a......
$1495

Governance, Risk and Compliance – The Luxembourg Insurance Industry

Governance, Risk and Compliance - The Luxembourg Insurance Industry Summary GlobalData's 'Governance, Risk and Compliance - The Luxembourg Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Luxembourg. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries. The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and......
$1495

Strategic Market Intelligence: Life Insurance in Pakistan – Key Trends and Opportunities to 2022

Strategic Market Intelligence: Life Insurance in Pakistan - Key Trends and Opportunities to 2022 Summary GlobalData's 'Strategic Market Intelligence: Life Insurance in Pakistan - Key Trends and Opportunities to 2022' report provides a detailed outlook by product category for the Pakistani life insurance segment, and a comparison of the Pakistani life insurance with its regional counterparts. It provides values for key performance indicators such as written premium, incurred loss, claims paid, commissions and expenses, combined ratio, total assets, total investment income and net earned premium during the review period (2013-2017) and forecast period (2017-2022). The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Pakistani econ......
$3999

Strategic Market Intelligence: General Insurance in Pakistan – Key Trends and Opportunities to 2022

Strategic Market Intelligence: General Insurance in Pakistan - Key Trends and Opportunities to 2022 Summary GlobalData's 'Strategic Market Intelligence: General Insurance in Pakistan - Key Trends and Opportunities to 2022' report provides a detailed outlook by product category for the Pakistani general insurance segment, and a comparison of the Pakistani general insurance with its regional counterparts. It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and net earned premium during the review period (2013-2017) and forecast period (2017-2022). The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Pak......
$3999

PESTLE Insights: Macroeconomic Outlook Report – Norway

PESTLE Insights: Macroeconomic Outlook Report - Norway Summary Financial intermediation, real estate and business activities contributed 17.6% to the gross value added (GVA) in 2017, followed by mining, manufacturing and utilities (10.2%), and wholesale, retail and hotels (9.7%). In nominal terms, the three sectors are expected to grow by 6.3%, 4.5% and 5.8%, respectively, in 2018. Over 2018-2029 period, the Norwegian government plans to develop infrastructure by spending NOK1,064 bn (US$128.6 bn) on roads, shipping, railways, aviation, and public transport. Scope - Four major regions in Norway generate around 52.8% of the country's GDP and comprise 27.5% of the country's population - FDI inflows towards Norway has been witnessing a declining trend over the past three years, with mini......
$500

PESTLE Insights: Macroeconomic Outlook Report – Denmark

PESTLE Insights: Macroeconomic Outlook Report - Denmark Summary Financial intermediation, real estate and business activities contributed 25.9% to the gross value added (GVA) in 2017, followed by mining, manufacturing and utilities (17.9%), and wholesale, retail and hotels (15.1%). In nominal terms, the three sectors are expected to grow by 5.6%, 2.9% and 5.4%, respectively, in 2018. To develop the infrastructure of the country, the Government of Denmark has earmarked DKK100.0 bn (US$14.8 bn) to be spent by 2020 to ensure high level of mobility, flexibility and reliability. Scope - Four major provinces generated around 52.8% of the GDP of Denmark and were home to 51.2% of the country's population, as of 2016 - Financial intermediation was the top invested sector in Denmark in 2017 - O......
$500

Employee Benefits in Canada 2018

Employee Benefits in Canada 2018 Summary The Canadian social security system covers various programs, many of which are run by the country's provinces and territories. In general, benefits are similar across all provinces and territories; however, Quebec implements its own pension plan. The government provides financial support to provincial and territorial governments through four main transfer programs - the Canada Health Transfer (CHT), the Canada Social Transfer (CST), and Equalization and Territorial Formula Financing (TFF) - to help them provide social programs and services to citizens. Private employee benefits are gaining popularity, and many companies offer private benefit plans for employees to supplement the government-sponsored hospital and medical plans. The report provides......
$1495

Strategic Market Intelligence: Reinsurance in Pakistan – Key Trends and Opportunities to 2022

Strategic Market Intelligence: Reinsurance in Pakistan - Key Trends and Opportunities to 2022 Summary GlobalData's 'Strategic Market Intelligence: Reinsurance in Pakistan - Key Trends and Opportunities to 2022' report provides a detailed outlook by product category for the Pakistani reinsurance segment, and a comparison of the Pakistani reinsurance with its regional counterparts. It provides values for key performance indicators such as premium accepted, premium ceded, cession rates, and total investment income during the review period (2013-2017) and forecast period (2017-2022). The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Pakistani economy and demographics, and provides detailed information on the competitive landscape......
$3999

Employee Benefits in Chile 2018

Employee Benefits in Chile 2018 Summary Chile was one of the first countries in the Americas to set up state-sponsored social security coverage. The country's pension system consists of multiple pillars - a non-contributory first pillar, a fully funded second pillar and a voluntary third pillar. In 1981, a new privatized system was introduced to carry out social security schemes. Private sector insurance companies called pension fund managers administer these programs and the state is in charge of the regulations. Under this new system, formal employees are mandated to contribute to the personal account, which is managed by a pension fund manager. The report provides in-depth industry analysis, information and insights of the employee benefits in Chile, including: overview of the state ......
$1495

The Insurance Industry in Namibia, Key Trends and Opportunities to 2022

The Insurance Industry in Namibia, Key Trends and Opportunities to 2022 Summary GlobalData's 'The Insurance Industry in Namibia, Key Trends and Opportunities to 2022' report provides detailed analysis of the market trends, drivers and challenges in the Namibian insurance industry. It provides key performance indicators such as written premium and claims during the review period (2013-2017) and forecast period (2017-2022). The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Namibian economy and demographics, and provides detailed information on the competitive landscape in the country. The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and......
$1450
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