Challenges and Opportunities for the Wealth Sector in Australia 2014

Date: November 28, 2014
Pages: 59
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US$ 1,995.00
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Publisher: WealthInsight
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: C643B8D584AEN
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Challenges and Opportunities for the Wealth Sector in Australia 2014
SYNOPSIS

This report is a thorough analysis of Australia's Wealth Management and Private Banking sector, and the opportunities and challenges that it faces.

SUMMARY
  • This report is the result of WealthInsight’s extensive research covering the high net worth individual (HNWI) population and wealth management market in Australia.
  • The report focuses on HNWI performance between the end of 2008 (the peak before the global financial crisis) and the end of 2013. This enables us to determine how well the country's HNWIs have performed through the crisis.
SCOPE
  • Independent market sizing of Australia HNWIs across five wealth bands
  • HNWI volume and wealth trends from 2009 to 2013
  • HNWI volume and wealth forecasts to 2018
  • HNWI and UHNWI asset allocations across 13 asset classes
  • Number of UHNWIs in each state and all major cities
  • Fastest growing cities and states for UHNWIs (2009-2013)
  • Insights into the drivers of HNWI wealth
REASONS TO BUY
  • The Challenges and Opportunities for the Wealth Sector in Australia 2014 is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises dossiers on over 60,000 HNWIs from around the world.
  • With the wealth reports as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
  • Report includes comprehensive forecasts to 2018.
KEY HIGHLIGHTS
  • Australian HNWIs held 22.7% (US$204 billion) of their wealth outside their home country at the end of 2013, which is in line with the worldwide average of 20–30%.
  • WealthInsight expects foreign asset holdings to increase to US$268 billion by 2018, accounting for 22.3% of total Australian HNWI assets.
  • In 2013, North America accounted for 40.7% of Australian HNWIs’ foreign assets.
  • This was followed by Europe with 28.7%, the Asia-Pacific with 17.3%, Latin America with 7.4%, Africa with 3.6% and the Middle East with 2.4%.
  • Australian HNWI allocations to the Asia-Pacific decreased when compared with other regions during the review period, from 25.5% in 2009 to 17.3% in 2013. Latin America was the emerging region in terms of global investments.
  • Australian HNWIs are expected to further increase their levels of investment in Latin America over the forecast period, to reach 8.6% of foreign HNWI assets by 2018, with investments increasingly being diverted to emerging economies.
1 INTRODUCTION

1.1 Details of this Report
1.2 Definitions

2 EXECUTIVE SUMMARY

3 WEALTH SECTOR FUNDAMENTALS

3.1 Political Background
3.2 Economic Background
3.3 Benchmarking Australian Wealth in Context
  3.3.1 Distribution of wealth in Australia
3.4 HNWI Volume and Wealth Trends

4 COMPETITIVE LANDSCAPE OF THE WEALTH SECTOR

4.1 Competitive Landscape
  4.1.1 Domestic private banks
  4.1.2 Foreign private banks
  4.1.3 Wealth managers
  4.1.4 Family offices
  4.1.5 Financial advisors
4.2 Developments in the Australian Private Banking Industry
4.3 Wealth Management and the Private Banking Industry
4.4 Australian Wealth Management Industry - Clientele Model and Maturity
4.5 Behavioral Mapping of Wealth Management and Private Banking in Australia

5 APPENDIX

5.1 Additional Components of the Wealth Sector in Australia
  5.1.1 Philanthropy
  5.1.2 Demand for intergenerational wealth transfer
5.2 Tax Regulations
5.3 Regulations Related to Immigration, Investment and Employment
5.4 Key Drivers
  5.4.1 AUS to US$ exchange rate
  5.4.2 Real GDP growth
  5.4.3 Per capita GDP
  5.4.4 Domestic market capitalization
  5.4.5 Commodity index
  5.4.6 Foreign direct investments - inflow and outflow
  5.4.7 Inflation rate
  5.4.8 Interest rate
  5.4.9 Balance of payments
  5.4.10 Government debt
  5.4.11 Stock market performance
5.5 Wealth Breakdowns

6 ABOUT WEALTHINSIGHT

LIST OF TABLES

Table 1: HNWI Wealth Band and Group Definitions
Table 2: Cities in Australia by Population (Volume), 2013
Table 3: Leading Domestic Private Banks in Australia by Local and Global AuM (US$ Million), 2013
Table 4: Leading Foreign Private Banks in Australia by Local AuM (US$ Million), 2013
Table 5: Leading Wealth Managers in Australia by AuM (US$m), 2013
Table 6: Top Australian Family Offices by AuM (US$m), 2013
Table 7: Wealth Management Industry – Recent Deal Activity in Australia, 2014
Table 8: Australian Income Tax Bands (EUR), 2013–2014
Table 9: AU$ per US$ Exchange Rate, 2009–2018
Table 10: Australian Real GDP Growth (%), 2009–2018
Table 11: Australian GDP per Capita (US$), 2009–2018
Table 12: Australian Domestic Market Capitalization (US$ Billion), 2009–2013
Table 13: Australian Commodity Indices, 2009–2018
Table 14: Australian Foreign Direct Investment (US$ Billion), 2009–2018
Table 15: Australian Inflation Rate (%), 2009–2018
Table 16: Australian Money Market Rate (%), 2009–2018
Table 17: Australian Balance of Payments (US$ Billion), 2009–2013
Table 18: Australian Government Debt as a Percentage of GDP, 2009–2018
Table 19: Australian Stock Market Performance, 2009–2013
Table 20: Australian HNWI Wealth vs GDP Ratio, 2009–2018
Table 21: Australia – Appendix One
Table 22: Australia – Appendix Two

LIST OF FIGURES

Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Australia
Figure 3: Australian Asset Price Performance (%), 2009–2013
Figure 4: Australian HNWI Performance (US$ Billions and HNWI Volume), 2009–2018
Figure 5: Australian vs Global HNWIs (%), 2009–2018
Figure 6: Australian Wealth Management Industry – Maturity Level of Operators, 2014
Figure 7: Australian Wealth Management Industry – Behavioral Mapping, 2013
Figure 8: AU$ to US$ Exchange Rate, 2009–2018
Figure 9: Australian Real GDP Growth (%), 2009–2018
Figure 10: Australian GDP per Capita (US$), 2009–2018
Figure 11: Australian Domestic Market Capitalization (US$ Billion), 2009–2013
Figure 12: Australian Commodity Indices, 2009–2018
Figure 13: Australian Foreign Direct Investment (US$ Billion), 2009–2018
Figure 14: Australian Inflation Rate (%), 2009–2018
Figure 15: Australian Money Market Rate (%), 2009–2018
Figure 16: Australian Balance of Payments (US$ Billion), 2009–2013
Figure 17: Australian Government Debt as a Percentage of GDP, 2009–2018
Figure 18: Australian Stock Market Performance, 2009–2013
Figure 19: Australian HNWI Wealth vs GDP Ratio, 2009–2018
Figure 20: Australian HNWIs – Volume by Wealth Band, 2009–2018
Figure 21: Australian HNWIs – Wealth by Wealth Band (US$ Billion), 2009–2018
Figure 22: Australian HNWIs – Wealth per Capita (US$ Million), 2009–2018

COMPANIES MENTIONED

BT Financial Group (Westpac)
ANZ Private Bank
Bendigo Wealth
Commonwealth Private
Bankwest Private Bank
BOQ Private Bank
Macquarie Private Bank
NAB Private Wealth
St George Bank Private Clients
Suncorp Bank

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