Since its founding in 1963, the boston consulting grouphas focused on helping clients achieve competitive advantage. Global wealth 20 maintaining momentum in a complex. Global wealth 2016, which is the boston consulting group s sixteenth annual report on the global wealth management industry, is. Market appreciation is now the lifeblood of the industry an unstable foundation on which to move. The global wealthmanagement industry is becoming increas ingly complex. The rise was stronger than in 2012, when global wealth grew by 8. Global wealth report 2014 university of western ontario. Only then can an enterprise claim to have scalable smart application capabilities. Market expansion was driven by both the performance of existing assets and the creation of new wealth. The rise in household wealth was particularly strong in the us and china between mid2014 to mid2015. Julius baers first global wealth and lifestyle report finds that some of the. The boston consulting group 3 global asset management 2012.
Largely due to a drop in wealth in the asiapacific region specifically china, this decline has resulted in a loss of 2. In 2018, the value of wealth worldwide amounted to 205. Global wealth distribution 2000 2012 2000 2010 2011 2012 change. What lessons have savers learned from this profound event. The key drivers, for the second consecutive year, were the performance of equity markets and the creation of new wealth in rdes. Global wealth overview the credit suisse global wealth report aims to provide the most reliable and comprehensive data on global household wealth, covering all components of wealth and spanning the entire wealth spectrum, from very wealthy individuals to the less welloff. This report includes one topic that we examine each year global market sizingand three special chapters. The tenth anniversary edition of the global wealth report published by the credit suisse research institute is the most comprehensive and uptodate source of information on global household wealth. Now in its ninth edition, the report not only provides insights into the wealth development of regions and segments, but for the first time it. The decade since our first report has seen steady growth in the breadth of bcg s marketsizing research and benchmarking studies. Between 2007 and 2012, asian hnwis expanded their wealth at a cagr of 4. Explore all the insights behind wealth generation and movement. Indian mutual fund industry bcg global wealth report 2011 insurance industry targets annual growth of 20 to 22%.
The boston consulting group bcg is a global management consulting firm and the worlds leading advisor. The boston consulting group bcg is a global management consulting firm and the worlds. Wealth 2016, which is the boston consulting group s sixteenth annual report on the global wealthmanagement industry, is to present a clear and complete portrait of the business, as well as to offer. Sep 27, 2017 allianz has unveiled the eighth edition of its global wealth report, which puts the asset and debt situation of households in more than 50 countries under the microscope. The steady rise in global wealth growth came to a sharp halt in 2018. We partner with clients from the private, public, and notforprofit sectors in all regions to identify their highestvalue opportunities, address their most critical challenges, and transform their enterprises. James davies, rodrigo lluberas and anthony shorrocks, credit suisse global wealth databook 2012 total net wealth change in total net wealth change in financial assets change in nonfinancial assets 2012 usd bn 201112 usd bn. Global wealth report 2018 bcg global wealth market sizing database.
We partner with clients from the private, public, and notforprofit sectors in all regions to identify their highestvalue opportunities. Wealth management business valuations decreased by more than 20% in 2018 on. March 2020 boston consulting group lufax global digital wealth management report 20192020 3 to build a datadriven infrastructure to match the right talent with the right culture. The credit suisse global wealth report lays the foundation for a longrunning examination by the credit suisse research institute of one of the crucial research areas in economics, and a vital driver of future megatrends. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity expression, national origin, protected veteran status, or any other characteristic protected under federal, state or local law, where applicable, and those with criminal histories.
Sep 24, 20 today, allianz unveiled the fourth edition of its global wealth report, which puts the asset and debt situation of private households in more than 50 countries under the microscope. Old world2 and new world 3 moving at different speeds wealth managers grappling with diverse sets of eserved. The rise was stronger than in either 2011 or 2010, when global wealth grew by 3. Global population of hnwi and value of private wealth, 1996 2012. The rise was slightly less than a year earlier, when global wealth rose by almost 9 percent. Boston consulting group to expose the flow and stock of private wealth in. In the 2017 wwr, we confirm that global hnwi wealth expansion is on track as projected, with. The underlying wealth trends do, however, generally remain positive, according to the credit suisse research institutes annual global wealth report. Application of smart technologies produces new challenges for regulators. Global hnw wealth grew by 4% in 2018, far below levels seen in previous years. The fourthquarter dip in major stock indexes pulled down equities and the large regional portfolios tied to them. Percentage changes and global totals of private financial wealth are based on complete not rounded numbers. Global wealth continued to grow in 2010, but at a slower pace source.
Research for the global wealth report has been undertaken on behalf of the credit suisse research institute by professors anthony shorrocks and jim davies, recognized authorities on this topic, and the architects and principal authors of personal wealth from a global perspective, oxford university press, 2008. Paris, july 9, 2019 the world wealth report 2019 wwr, published today by capgemini, found that after seven years of continuous growth, overall global high net worth individual hnwi wealth declined by 3% in 2018. Credit suisse global wealth databook 2012 3 preface this is now the third edition of the credit suisse global wealth databook an indepth project that offers investors the most comprehensive study of world wealth, and which remains the only study that analyzes the wealth. Alexander meyer zum felde is an expert principal for sustainability in the boston consulting group s hamburg office.
The answer is surprising and, at the same time, sobering. Fixed income spreads have come off just marginally from their alltime lows, which typically. Global wealth managers deutsche bank aglondon page 3 messages for the csuite wealth managers faced growing headwinds through 2018. Currently, an estimated 9% of adults globally are net debtors. Global asset management 2012 bcg view web page a comprehensive if depressing look at the global asset management industry. Ubs provides their expert commentary to complement our global data on the ultra high net worth uhnw population. Asset and wealth management the steady rise in global wealth growth came to a sharp halt in 2018. Download the 2016 global wealth report in pdf globalwealthreport2016en.
The global wealth report, which boston consulting group bcg published in june 2014 in washington, d. Burgeoning global digital wealth management driven by technology 1. According to the eighth edition of the credit suisse research institutes global wealth report, in the year to mid2017, total global wealth rose at a rate of 6. Bigtech disruption demands faster moves towards hybrid advices. Boston consulting group is an equal opportunity employer. Allianz global wealth report 2017 5 its ten years since the eruption of the major financial crisis that almost caused the global financial sys tem to collapse. Note to the reader 4 bcg report the focus of this years global wealth report is twofold.
The world wealth report 2019 is the industrys leading benchmark for tracking high net worth individuals hnwis, their wealth, and the global and economic conditions that drive change in the wealth management industry. These are among the findings of boston consulting group s nineteenth annual analysis of the global wealth management industry. Transforming the client experience boston consulting group. This report, which is the boston consulting group s eighteenth annual analysis of the global wealthmanagement industry, includes two topics that we reexamine each yearglobal marketsizing and wealth manager benchmarkingas well as a special chapter on the rise of data and advanced analytics. The credit suisse global wealth report aims to help bridge this deficit by providing the most comprehensive, reliable and timely source of information on global house hold wealth. Consulting groups fourteenth annual report on the global. The report also includes a benchmarking study of 124 wealth management institutions. Bcg s twelfth annual report on the global wealthmanagement industry explores these questions, and also examines the current size of the market, the present dynamics of offshore banking, the performance levels of leading institutions, the emergence of alternative business models, and key trends that all players must adapt to. Besides the recurring themes, our 2016 edition of the global wealth report sheds light on the most significant trends at the bottom of the global wealth pyramid. Asiapacific and north america powered the growth in hnwi population and wealth. Allianz global wealth report 2018 summary 11 economic research more participation thanks to globalization the last two decades of rapid globalization have given rise to a new global wealth middle class, which included almost 1. Capturing growth in adverse times is the boston consulting group s tenth annual worldwide study of the asset management industry.
Global asset management 2012 fund academy ag, zurich. Pwc report distribution spectrum and the changing business environment. Holger rubel is a senior partner and managing director and global sustainability lead in the boston consulting group s frankfurt office. Gains in global personal financial wealth tumbled by more than 5 percentage points year on year, the weakest performance in the past halfdecade. Despite the challenging economic environment, wealth has recently grown at a record pace, rising by usd 20. Wealth x custom research publishes a range of proprietary and sponsored reports to assist your development, fundraising, and strategy.
Please see the table notes of table 3 for information about the data sources. Sep 06, 2019 this statistic presents the value of global wealth from 2012 to 2018, with a projection for 2023. Below you can find all the global wealth reports and databooks since 2010 in pdf form. Consulting group bcg in february 2012, following a competitive bid process, to develop strategies to stabilize the districts finances and to ensure that all students have better access to safe, highquality educational options that ready them for college and careers. Table 1 changes in household wealth in 2011 2012 by region source.
Hannah monica dias, dennis falzon, christopher fitzpatrick, katherine floyd, philippe glaziou, tom hiatt, christian lienhardt, linh nguy. Wealthx is pleased to welcome ubs as our partner for this third edition, a true collaboration between the global leader in wealth management and the worlds leading uhnw provider. May 30, 20 global wealth 20 maintaining momentum in a complex world the 20 report contains three key elementsand discusses the new wealth management industry complexity global wealthmanagement industry has become complex. Based on the findings of the report, the global gross financial assets of private households grew by 8. Global wealth distribution and locations favoured by the super rich conomic turbulence failed to curb the rise in the number of ultrawealthy individuals last year, according to exclusive new. Private financial wealth numbers for all years were converted to u. Our firm believes that best practices or benchmarks are rarely enough to create lasting value and that positive change requires new. The boston consulting group bcg is a global management.
Global wealth 20, which is the boston consulting group s thirteenth annual report on the global wealth management industry, we explore the current size of the market, the present state of offshore banking, and the performance of leading institutions in a wide range of categories. With the global wealth market likely to grow at a cagr of 5. Outcomes are the new alpha indeed, for all its profitability, the north american asset management industry as a whole has been virtually incapable of attracting new money from its clients over the past four years. Wealth is nevertheless still predominantly concentrated in europe and the united states. The boston consulting group bcg is a global management consulting firm and the worlds leading advisor on business strategy. Demand for highend goods and services may seem a good. This years global wealth report includes two traditional features. Global tuberculosis report 2012 v acknowledgements this report on global tuberculosis care and control was produced by a core team of people. Capgemini, rbc wealth management, global wealth report 2014 the pace is expected to pick up even faster. Oct, 2015 our findings suggest that the middle class in the united states is now outnumbered by its counterpart in china, and that the middle class in north america has less than average wealth, the only region for which this is true. In the battle to regain strength, bcgs twelfth annual report on the. One of this years special chapters focuses on enlarging the customer base by addressing the.