Synopsis
This report is the result of WealthInsight’s extensive research covering the HNWI population and wealth management industry in the United Kingdom. It provides market sizing and forecasts of the HNWI and UHNWI populations. The report leverages WealthInsight’s HNWI Database, to provide key demographic breakdowns as well as region and city specific data.
Summary
The United Kingdom has the fifth largest number of HNWIs in the world behind the US, Japan, China and Germany. This report not only provides detailed forecasts on expected HNWI asset allocation of UK HNWIs and UHNWIs to 2015, but gives the reader the crucial insight necessary to effectively act on those projections. In addition to providing a comprehensive and robust background of the UK economy, including, uniquely, detailed analysis of economic and political risks to HNWI wealth creation, the report provides robust projections of the volume, wealth and asset allocation of British HNWIs. The report then couches these findings in an analysis of the UK’s Wealth Management and Private Banking sector, and the opportunities therein. What really sets the report apart is its analysis and presentation of the demographic trends and findings of the proprietary WealthInsight HNWI Database.
Scope
The report features:
Reasons To Buy
Key Highlights
This report is the result of WealthInsight’s extensive research covering the HNWI population and wealth management industry in the United Kingdom. It provides market sizing and forecasts of the HNWI and UHNWI populations. The report leverages WealthInsight’s HNWI Database, to provide key demographic breakdowns as well as region and city specific data.
Summary
The United Kingdom has the fifth largest number of HNWIs in the world behind the US, Japan, China and Germany. This report not only provides detailed forecasts on expected HNWI asset allocation of UK HNWIs and UHNWIs to 2015, but gives the reader the crucial insight necessary to effectively act on those projections. In addition to providing a comprehensive and robust background of the UK economy, including, uniquely, detailed analysis of economic and political risks to HNWI wealth creation, the report provides robust projections of the volume, wealth and asset allocation of British HNWIs. The report then couches these findings in an analysis of the UK’s Wealth Management and Private Banking sector, and the opportunities therein. What really sets the report apart is its analysis and presentation of the demographic trends and findings of the proprietary WealthInsight HNWI Database.
Scope
The report features:
- Independent market sizing of UK HNWIs
- Most up to date and thorough analysis of the demographic breakdown of UK HNWIs
- Volume, wealth and allocation trends from 2007 to 2011
- Volume, wealth and allocation forecasts to 2015
- Region wise breakdowns of UHNWI wealth and wealth growth from 2007 to 2011
- Wealth Managers per city vs. number of UHNWIs in each city
- Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in the UK
- Detailed wealth management and family office information
- Insights into the drivers of HNWI wealth
Reasons To Buy
- The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises up to one hundred data-points on over 100,000 HNWIs from around the world. It also includes profiles on major private banks, wealth managers and family offices in each country. With the database 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.
- Comprehensive forecasts to 2015.
- Information on sources of wealth for HNWIs in each major city, by industry and other measures.
Key Highlights
- As of 2011, there are just over 675,000 HNWIs in the UK, with a combined wealth of US$2.6 trillion, accounting for roughly 24% of the UK’s total wealth (US$10.9 trillion).
- The total number of HNWIs in the UK declined by 12.0% over the review period (2007 to 2011), while HNWI wealth dropped by 17.1%.
- Declines in the wealth and number of HNWIs in the UK over the review period was caused by a number of factors including the large decline in local and international stock markets in 2008 and a decline in local property indices over the review period.
- The wealth and number of HNWIs in the UK were also negatively influenced by a significant 20% drop in US dollar per capita GDP levels, which in turn was influenced by a significant 23% depreciation of the British pound against the US dollar over the review period.
- Over the forecast period, the total wealth of British HNWIs is forecast to grow by 16% at a CAGR of 3.5%, to reach US$3.0 trillion in 2015. The number of HNWIs will increase by a smaller percentage, growing by 15% at a CAGR of 3.8% to reach just over 774,000 individuals in 2015. This is just above the level of 767,000 reached at the end of 2007.
- Equities are the largest asset class for HNWIs in the UK (27% of total HNWI assets), followed by business interests (25%), real estate (17.8%), fixed income (17.0%), cash (7.3%) and alternatives (6.4%).
- There are over 10,100 Ultra HNWIs in the UK, with an average wealth of US$110 million per person and a combined wealth of US$1,113 billion.
- On a city level, Manchester has the highest number of Ultras (170 UHNWIs) outside of London followed by Glasgow (158 UHNWIs) and then Edinburgh (134 UHNWIs). Despite being the second largest city in the UK by population, Birmingham has a relatively low number of Ultras (130 UHNWIs).
- Among major British cities, Aberdeen and Leicester have the lowest number of wealth management offices per UHNWI. As a result, these cities could offer significant opportunities to private banks and wealth managers going forward.
1 INTRODUCTION
1.1 What is this Report About?
2 EXECUTIVE SUMMARY
3 WEALTH SECTOR FUNDAMENTALS
3.1 Political Background to the Wealth Sector
3.2 Economic Background to the Wealth Sector
3.3 Benchmarking UK Wealth in Context
3.3.1 Distribution of Wealth
4 FINDINGS FROM THE WEALTHINSIGHT HNWI DATABASE
4.1 Trends in HNWI Wealth to 2015
4.1.1 HNWI Trend Analysis
4.1.2 HNWI Volume Trend Analysis
4.1.3 HNWI Wealth Trend Analysis
4.1.4 Per Capita HNWI Net Worth Trend Analysis
4.1.5 Trends of the Wealth Bands
4.2 UHNWIs
4.2.1 UHNWI Volume Trend Analysis
4.2.2 UHNWI Wealth Trend Analysis
4.2.3 UHNWI Per Capita Net Worth Trend Analysis
4.2.4 UHNWIs: Demographic Breakdown
4.2.5 UHNWIs – Job Titles
4.2.6 Industry Breakdown
4.2.7 Industry Performance
4.2.8 Industry Forecasts
4.2.9 UHNWIs – Importance of Entrepreneurship
4.2.10 UHNWIs: Demographic Breakdown by Region
4.2.11 Regional Performance
4.2.12 Regional Forecasts
4.2.13 County Review
4.2.14 London Review
4.3 Non-domiciled UHNWIs in the UK
4.3.1 Non-domiciled UHNWI volume growth
4.3.2 Non-domiciled UHNWI sector breakdown
4.3.1 Non-domiciled UHNWI real estate investment
4.4 UHNWIs – The Billionaires
4.4.1 Billionaire Volume Trend Analysis
4.4.2 Billionaire Wealth Trend Analysis
4.4.3 Billionaire Per Capita Net Worth Trend Analysis
4.4.4 Demographic Breakdown of Billionaires in the UK
4.4.5 Region-wise Breakdown of Billionaires in the UK
4.4.6 Billionaire performance over the review period
4.4.7 Billionaire performance in 2011
4.4.8 Top Billionaires in the UK
4.4.9 Non-domiciled Billionaires in the UK
4.5 UHNWIs – The Centimillionaires
4.5.1 Centimillionaire Volume Trend Analysis
4.5.2 Centimillionaire Wealth Trend Analysis
4.5.3 Centimillionaire Per Capita Net Worth Trend Analysis
4.6 UHNWIs – The Affluent Millionaires
4.6.1 Affluent Millionaire Volume Trend Analysis
4.6.2 Affluent Millionaire Wealth Trend Analysis
4.6.3 Affluent Millionaire Per Capita Net Worth Trend Analysis
4.7 Core HNWIs
4.7.1 Core HNWI Volume Trend Analysis
4.7.2 Core HNWI Wealth Trend Analysis
4.7.3 Core HNWI Per Capita Net Worth Trend Analysis
4.8 Core HNWIs – The Mid Tier Millionaires
4.8.1 Mid Tier Millionaire Volume Trend Analysis
4.8.2 Mid Tier Millionaire Wealth Trend Analysis
4.8.3 Mid Tier Millionaire Per Capita Net Worth Trend Analysis
4.9 Core HNWIs – Lower Tier Millionaires
4.9.1 Lower Tier Millionaire Volume Trend Analysis
4.9.2 Lower Tier Millionaire Wealth Trend Analysis
4.9.3 Lower Tier Millionaire Per Capita Net Worth Trend Analysis
5 ANALYSIS OF UK HNWI INVESTMENTS
5.1 Analysis by Asset Classes
5.1.1 Changing Trends in Liquid Assets – Equity, Fixed Income and Cash and Deposits
5.1.2 Trends in Alternative Assets
5.1.3 Trends in “Art, Wine and Wheels”
5.1.4 Trends of Investments in Real Estate
5.1.5 Trends of Investments in Cash and Deposits
5.1.6 Trends of Investments in Fixed Income
5.1.7 Trends of Investments in Equity
5.1.8 Trends of Investments in Business Interest
5.2 Analysis of Foreign Investments
5.2.1 Trend of Investments in Rest of Europe
5.2.2 Trend of Investments in Asia-Pacific
5.2.3 Trend of Investments in North America
5.2.4 Trend of Investments in Latin America, the Middle East and Africa
5.3 Analysis of UK Ultra HNWI Investments
5.4 Case Study: UK towns with highest average house prices
6 COMPETITIVE LANDSCAPE OF THE WEALTH SECTOR
6.1 Leading Companies in the Wealth Management and Private Banking Industry
6.1.1 Private Banks and Wealth Managers
6.1.2 Family Offices
6.2 Developments in the UK Private Banking Industry
6.3 UK Wealth Management Industry – Clientele Model
6.4 Behavioral Mapping of Wealth Management and Private Banking Industry in the UK
6.5 Porter’s Five Force Analysis – Wealth management industry
6.6 Financial Services Review
6.6.1 Retail Banks
6.6.2 Building Societies
6.6.3 Investment Managers
6.6.4 Financial Advisors
6.6.5 Hedge Funds
6.6.6 Insurance Companies
6.7 Case Study: Islamic banking trends in the UK
7 APPENDIX
7.1 Cities, Counties and Regions
7.2 Education
7.3 Philanthropy
7.4 Demand for Intergenerational Wealth Transfer and Younger Clientele
7.5 Regulatory Environment in the UK
7.5.1 Regulations on Non-domiciled Residents
7.5.2 Banking Regulations
7.5.3 Regulations on Taxes
7.5.4 Regulations on Fund Management
7.5.5 Regulations on Foreign Investment
7.5.6 Regulations on Real Estate
7.5.7 Regulations on Foreign Investment in Real Estate
7.5.8 Regulations on Wealth Management and Private Banking
7.5.9 Regulations Related to Investment and Employment
7.6 Key Economic Trends and Drivers
7.6.1 GBP to USD Moving Annual Average Exchange Rate
7.6.2 Real GDP Growth
7.6.3 Per Capita GDP
7.6.4 Gross Savings Rate as a Percent of GDP
7.6.5 Domestic Market Capitalization
7.6.6 Housing Price Index
7.6.7 Commodity Index
7.6.8 Foreign Direct Investment
7.6.9 Investments of FII’s in Equity Products
7.6.10 Inflation Rate
7.6.11 Repo Rate
7.6.12 Balance of Payments
7.6.13 Government Debt
7.6.14 Stock Market Performance
7.6.15 HNWI Wealth vs. GDP Ratio
7.6.16 Capital Formation as Percent of GDP
7.6.17 Disposable Income as Percent of GDP
7.6.18 Additional Demographic Information on UHNWIs
7.7 Background of the UK
7.7.1 Political and Economic Background
7.7.2 Social Background
7.7.3 Technological Background
8 ABOUT WEALTHINSIGHT
LIST OF TABLES
Table 1: HNWI Wealth Band and Group Definitions
Table 2: HNWIs – Volume by Wealth Band, 2007-15
Table 3: HNWIs – Wealth by Wealth Band (in US$ Billion), 2007-15
Table 4: HNWIs – Volume Distribution Wealth Pyramid, 2011
Table 5: HNWIs – Wealth Distribution Wealth Pyramid, 2011
Table 6: UHNWIs – Volume by Wealth Band, 2007-15
Table 7: UHNWIs – Wealth by Wealth Band (in US$ Billion), 2007-15
Table 8: UHNWIs – Major regions by sector, 2011
Table 9: UHNWIs – Other regions by sector, 2011
Table 10: UHNWIs – Regions by Wealth Growth, 2007–2011
Table 11: UHNWIs – WealthInsight Forecasts
Table 12: UHNWIs – County Review, 2011
Table 13: UHNWIs – Smaller County Review, 2011
Table 14: UHNWIs – London Wealth Rankings
Table 15: UHNWIs – Non-domiciled UHNWIs – Real Estate investment in London, 2007-2015
Table 16: UHNWIs – The Billionaires – Market Overview, 2007-15
Table 17: UHNWIs – Regions by Wealth Growth, 2007–2011
Table 18: Billionaire’s Top 20 List, 2011
Table 19: UHNWIs – Centimillionaires – Market Overview, 2007-15
Table 20: UHNWIs – The Affluent Millionaires – Market Overview, 2007-15
Table 21: Core HNWIs – Volume by Wealth Band, 2007-15
Table 22: Core HNWIs – Wealth by Wealth Band (in US$ Billion), 2007-15
Table 23: Core HNWIs – Mid Tier Millionaires – Market Overview, 2007-15
Table 24: Core HNWIs – Lower Tier Millionaires – Market Overview, 2007-15
Table 25: HNWIs – HNWI Holdings Growth (%), 2007-15
Table 26: HNWIs – Liquid Asset Composition (%), 2007-15
Table 27: HNWIs – Trends of Investments in Alternative Assets (%), 2007-15
Table 28: HNWIs – Alternative Asset Composition (%), 2007-15
Table 29: HNWIs – Trends in “Art, Wine and Wheels”, 2006-10
Table 30: HNWIs – Real estate performance per region, 2007-2015
Table 31: HNWIs – Trends in UK HNWI foreign real estate investment per country, 2007-2015
Table 32: HNWIs – Composition (%) of Foreign Assets, 2007-15
Table 33: HNWIs – % Growth, 2007-15 – Y Axis
Table 34: HNWIs – % Foreign Allocation, 2007-15 – X Axis
Table 35: UHNWIs – Allocations and Share of HNWI Assets, 2011
Table 36: UHNWIs – UK towns with highest average house prices
Table 37: Major Companies in the Wealth Management Industry in the UK
Table 38: Major UK cities in Wealth Management
Table 39: Potential UK cities for Wealth Management
Table 40: Major multi-family offices in the UK
Table 41: Major single-family offices in the UK
Table 42: UHNWIs – Recent Deal Activity, 2010-2011
Table 43: Major Companies in the Financial Services Industry in the UK
Table 44: Largest 10 UK cities by population and number of UHNWIs
Table 45: GBP to USD Moving Annual Average Exchange Rate, 2006–15
Table 46: Real GDP Growth Rate, 2006–15
Table 47: GDP Per Capita, 2006–15
Table 48: Gross Savings as a % of Real GDP, 2006–2015
Table 49: Domestic Market Capitalization, 2006–10
Table 50: Housing Price Index, 2006–10
Table 51: Commodity Indices, 2006–15
Table 52: Foreign Direct Investments, 2006–2015
Table 53: Investments of FIIs in Equity Products, 2006–10
Table 54: Inflation Rate, 2006–15
Table 55: Repo Rate, 2006–15
Table 56: Balance of Payments, 2006-10
Table 57: Government Debt to GDP, 2006–10
Table 58: Stock Market Performance, 2006–10
Table 59: HNWI Wealth vs. GDP Ratio, 2006–15
Table 60: Capital Formation as % of GDP, 2006-15
Table 61: Disposable Income as % of GDP, 2006-15
LIST OF FIGURES
Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of the United Kingdom
Figure 3: HNWIs in the UK, 2007-15
Figure 4: HNWIs – UK vs. RoW
Figure 5: Asset Price Performance, 2007-11
Figure 6: HNWIs – Growth Factor Correlation, 2007-11
Figure 7: HNWIs – Volume by Wealth Band, 2007-15
Figure 8: HNWIs – Wealth by Wealth Band (in US$ Billion), 2007-15
Figure 9: HNWIs – Per Capita Net Worth (in US$ Million), 2007-15
Figure 10: HNWIs – Volume Distribution Wealth Pyramid, 2011
Figure 11: HNWIs – Wealth Distribution Wealth Pyramid, 2011
Figure 12: UHNWIs – Volume by Wealth Band, 2007-15
Figure 13: UHNWIs – Wealth by Wealth Band (in US$ Billion), 2007-15
Figure 14: UHNWIs – Per Capita Net Worth (US$ Million), 2007-15
Figure 15: UHNWIs – Age Distribution, 2011
Figure 16: UHNWIs – Job Titles, 2007- 2011
Figure 17: UHNWIs – Distribution by Industry, 2011
Figure 18: UHNWIs – Sector Performance, 2007–2011
Figure 19: UHNWIs – Sector Performance, 2010–2011
Figure 20: UHNWIs – Sector Forecasts, 2011–2015
Figure 21: UHNWIs – Importance of Entrepreneurship, 2011
Figure 22: UHNWIs – Regional Distribution, 2011
Figure 23: UHNWIs – Human Capital Development Index by Region, 2011
Figure 24: UHNWIs – Region by Sector, 2011
Figure 25: UHNWIs – Regional Performance, 2007-2011
Figure 26: UHNWIs – Regional Performance, 2010-2011
Figure 27: UHNWIs – Regional Forecasts, 2011-2015
Figure 28: Non-domiciled UHNWIs – Country-wise Share, 2011
Figure 29: Non-domiciled UHNWIs – Volume Growth, 2007-11
Figure 30: Non-domiciled UHNWIs – Sector-wise Share, 2011
Figure 31: UHNWIs – The Billionaires – Market Overview, 2007-15
Figure 32: Billionaires – Average Age, 2011
Figure 33: Billionaires – Performance, 2007-2011
Figure 34: Billionaires – Performance, 2010 - 2011
Figure 35: Non-domiciled Billionaires – Country-wise Share, 2011
Figure 36: UHNWIs – Centimillionaires – Market Overview, 2007-15
Figure 37: UHNWIs – The Affluent Millionaires – Market Overview, 2007-15
Figure 38: Core HNWIs – Volume by Wealth Band, 2007-15
Figure 39: Core HNWIs – Wealth by Wealth Band (in US$ Billion), 2007-15
Figure 40: Core HNWIs – Per Capita Net Worth by Wealth Band, 2007-15
Figure 41: Core HNWIs – Mid Tier Millionaires – Market Overview, 2007-15
Figure 42: Core HNWIs – Lower Tier Millionaires – Market Overview, 2007-15
Figure 43: HNWIs – Asset Class Composition, 2007-15
Figure 44: HNWIs – Changing Trends in Total Liquid Assets (as % of Total Assets), 2007-15
Figure 45: HNWIs – Liquid Assets Composition (US$ Billions), 2007-15
Figure 46: HNWIs – Trends of Investments in Alternative Assets (in US$ Billion), 2007-15
Figure 47: HNWIs – Trends in “Art, Wine and Wheels”, 2006-10
Figure 48: HNWIs –Foreign Asset Allocation vs. Growth, 2011-2015
Figure 49: HNWIs – Global Distribution of Foreign Investments, 2007-15
Figure 50: UHNWIs – Asset Class Composition, 2007-15
Figure 51: Wealth Management Industry in the UK – Clientele Model
Figure 52: UK Wealth Management Industry – Behavioral Mapping, 2011
Figure 53: UK Wealth Management Industry – Porters Five Forces
Figure 54: GBP to USD Moving Annual Average Exchange Rate, 2006–15
Figure 55: Real GDP Growth (%), 2006–15
Figure 56: GDP Per Capita, 2006–15
Figure 57: Gross Savings as a % of Real GDP, 2006–2015
Figure 58: Domestic Market Capitalization, 2006–10
Figure 59: Housing Price Index, 2006–10
Figure 60: Commodity Indices, 2006–15
Figure 61: Foreign Direct Investments, 2006–2015
Figure 62: Investments of FIIs in Equity Products, 2006–10
Figure 63: Inflation Rate, 2006–15
Figure 64: Repo Rate, 2006-15
Figure 65: Balance of Payments, 2006-10
Figure 66: Government Debt to GDP, 2006–10
Figure 67: Stock Market Performance, 2006–10
Figure 68: HNWI Wealth vs. GDP Ratio, 2006–15
Figure 69: Capital Formation as % of GDP, 2006-15
Figure 70: Disposable Income as % of GDP, 2006-15
Figure 71: UHNWIs – Age band by sector, 2011
Figure 72: UHNWIs – Job Titles, 2011
COMPANIES MENTIONED
Barclays Wealth
Coutts
St James's Place
Brewin Dolphin
Hargreaves Lansdown
Rathbones
GLG Partners
Investec
Smith & Williamson
Lloyds TSB
UBS
HSBC
Goldman Sachs
Merrill Lynch
Societé General PB Hambros
Credit Suisse
JPMorgan Private Bank
Deutsche Bank
EFG Private Bank
BNP Paribas
Stonehage
Smith and Williamson
Fleming Family & Partners
Bedi Capital LLP
Dewhurst Torevell and Co Ltd
Turcan Connell Family Office
Iveagh
Kedge Capital
Grosvenor Limited
Capsicum Private Office
Acropolis Capital Partners Limited
Höegh Capital Partners
Alta Advisers
1.1 What is this Report About?
2 EXECUTIVE SUMMARY
3 WEALTH SECTOR FUNDAMENTALS
3.1 Political Background to the Wealth Sector
3.2 Economic Background to the Wealth Sector
3.3 Benchmarking UK Wealth in Context
3.3.1 Distribution of Wealth
4 FINDINGS FROM THE WEALTHINSIGHT HNWI DATABASE
4.1 Trends in HNWI Wealth to 2015
4.1.1 HNWI Trend Analysis
4.1.2 HNWI Volume Trend Analysis
4.1.3 HNWI Wealth Trend Analysis
4.1.4 Per Capita HNWI Net Worth Trend Analysis
4.1.5 Trends of the Wealth Bands
4.2 UHNWIs
4.2.1 UHNWI Volume Trend Analysis
4.2.2 UHNWI Wealth Trend Analysis
4.2.3 UHNWI Per Capita Net Worth Trend Analysis
4.2.4 UHNWIs: Demographic Breakdown
4.2.5 UHNWIs – Job Titles
4.2.6 Industry Breakdown
4.2.7 Industry Performance
4.2.8 Industry Forecasts
4.2.9 UHNWIs – Importance of Entrepreneurship
4.2.10 UHNWIs: Demographic Breakdown by Region
4.2.11 Regional Performance
4.2.12 Regional Forecasts
4.2.13 County Review
4.2.14 London Review
4.3 Non-domiciled UHNWIs in the UK
4.3.1 Non-domiciled UHNWI volume growth
4.3.2 Non-domiciled UHNWI sector breakdown
4.3.1 Non-domiciled UHNWI real estate investment
4.4 UHNWIs – The Billionaires
4.4.1 Billionaire Volume Trend Analysis
4.4.2 Billionaire Wealth Trend Analysis
4.4.3 Billionaire Per Capita Net Worth Trend Analysis
4.4.4 Demographic Breakdown of Billionaires in the UK
4.4.5 Region-wise Breakdown of Billionaires in the UK
4.4.6 Billionaire performance over the review period
4.4.7 Billionaire performance in 2011
4.4.8 Top Billionaires in the UK
4.4.9 Non-domiciled Billionaires in the UK
4.5 UHNWIs – The Centimillionaires
4.5.1 Centimillionaire Volume Trend Analysis
4.5.2 Centimillionaire Wealth Trend Analysis
4.5.3 Centimillionaire Per Capita Net Worth Trend Analysis
4.6 UHNWIs – The Affluent Millionaires
4.6.1 Affluent Millionaire Volume Trend Analysis
4.6.2 Affluent Millionaire Wealth Trend Analysis
4.6.3 Affluent Millionaire Per Capita Net Worth Trend Analysis
4.7 Core HNWIs
4.7.1 Core HNWI Volume Trend Analysis
4.7.2 Core HNWI Wealth Trend Analysis
4.7.3 Core HNWI Per Capita Net Worth Trend Analysis
4.8 Core HNWIs – The Mid Tier Millionaires
4.8.1 Mid Tier Millionaire Volume Trend Analysis
4.8.2 Mid Tier Millionaire Wealth Trend Analysis
4.8.3 Mid Tier Millionaire Per Capita Net Worth Trend Analysis
4.9 Core HNWIs – Lower Tier Millionaires
4.9.1 Lower Tier Millionaire Volume Trend Analysis
4.9.2 Lower Tier Millionaire Wealth Trend Analysis
4.9.3 Lower Tier Millionaire Per Capita Net Worth Trend Analysis
5 ANALYSIS OF UK HNWI INVESTMENTS
5.1 Analysis by Asset Classes
5.1.1 Changing Trends in Liquid Assets – Equity, Fixed Income and Cash and Deposits
5.1.2 Trends in Alternative Assets
5.1.3 Trends in “Art, Wine and Wheels”
5.1.4 Trends of Investments in Real Estate
5.1.5 Trends of Investments in Cash and Deposits
5.1.6 Trends of Investments in Fixed Income
5.1.7 Trends of Investments in Equity
5.1.8 Trends of Investments in Business Interest
5.2 Analysis of Foreign Investments
5.2.1 Trend of Investments in Rest of Europe
5.2.2 Trend of Investments in Asia-Pacific
5.2.3 Trend of Investments in North America
5.2.4 Trend of Investments in Latin America, the Middle East and Africa
5.3 Analysis of UK Ultra HNWI Investments
5.4 Case Study: UK towns with highest average house prices
6 COMPETITIVE LANDSCAPE OF THE WEALTH SECTOR
6.1 Leading Companies in the Wealth Management and Private Banking Industry
6.1.1 Private Banks and Wealth Managers
6.1.2 Family Offices
6.2 Developments in the UK Private Banking Industry
6.3 UK Wealth Management Industry – Clientele Model
6.4 Behavioral Mapping of Wealth Management and Private Banking Industry in the UK
6.5 Porter’s Five Force Analysis – Wealth management industry
6.6 Financial Services Review
6.6.1 Retail Banks
6.6.2 Building Societies
6.6.3 Investment Managers
6.6.4 Financial Advisors
6.6.5 Hedge Funds
6.6.6 Insurance Companies
6.7 Case Study: Islamic banking trends in the UK
7 APPENDIX
7.1 Cities, Counties and Regions
7.2 Education
7.3 Philanthropy
7.4 Demand for Intergenerational Wealth Transfer and Younger Clientele
7.5 Regulatory Environment in the UK
7.5.1 Regulations on Non-domiciled Residents
7.5.2 Banking Regulations
7.5.3 Regulations on Taxes
7.5.4 Regulations on Fund Management
7.5.5 Regulations on Foreign Investment
7.5.6 Regulations on Real Estate
7.5.7 Regulations on Foreign Investment in Real Estate
7.5.8 Regulations on Wealth Management and Private Banking
7.5.9 Regulations Related to Investment and Employment
7.6 Key Economic Trends and Drivers
7.6.1 GBP to USD Moving Annual Average Exchange Rate
7.6.2 Real GDP Growth
7.6.3 Per Capita GDP
7.6.4 Gross Savings Rate as a Percent of GDP
7.6.5 Domestic Market Capitalization
7.6.6 Housing Price Index
7.6.7 Commodity Index
7.6.8 Foreign Direct Investment
7.6.9 Investments of FII’s in Equity Products
7.6.10 Inflation Rate
7.6.11 Repo Rate
7.6.12 Balance of Payments
7.6.13 Government Debt
7.6.14 Stock Market Performance
7.6.15 HNWI Wealth vs. GDP Ratio
7.6.16 Capital Formation as Percent of GDP
7.6.17 Disposable Income as Percent of GDP
7.6.18 Additional Demographic Information on UHNWIs
7.7 Background of the UK
7.7.1 Political and Economic Background
7.7.2 Social Background
7.7.3 Technological Background
8 ABOUT WEALTHINSIGHT
LIST OF TABLES
Table 1: HNWI Wealth Band and Group Definitions
Table 2: HNWIs – Volume by Wealth Band, 2007-15
Table 3: HNWIs – Wealth by Wealth Band (in US$ Billion), 2007-15
Table 4: HNWIs – Volume Distribution Wealth Pyramid, 2011
Table 5: HNWIs – Wealth Distribution Wealth Pyramid, 2011
Table 6: UHNWIs – Volume by Wealth Band, 2007-15
Table 7: UHNWIs – Wealth by Wealth Band (in US$ Billion), 2007-15
Table 8: UHNWIs – Major regions by sector, 2011
Table 9: UHNWIs – Other regions by sector, 2011
Table 10: UHNWIs – Regions by Wealth Growth, 2007–2011
Table 11: UHNWIs – WealthInsight Forecasts
Table 12: UHNWIs – County Review, 2011
Table 13: UHNWIs – Smaller County Review, 2011
Table 14: UHNWIs – London Wealth Rankings
Table 15: UHNWIs – Non-domiciled UHNWIs – Real Estate investment in London, 2007-2015
Table 16: UHNWIs – The Billionaires – Market Overview, 2007-15
Table 17: UHNWIs – Regions by Wealth Growth, 2007–2011
Table 18: Billionaire’s Top 20 List, 2011
Table 19: UHNWIs – Centimillionaires – Market Overview, 2007-15
Table 20: UHNWIs – The Affluent Millionaires – Market Overview, 2007-15
Table 21: Core HNWIs – Volume by Wealth Band, 2007-15
Table 22: Core HNWIs – Wealth by Wealth Band (in US$ Billion), 2007-15
Table 23: Core HNWIs – Mid Tier Millionaires – Market Overview, 2007-15
Table 24: Core HNWIs – Lower Tier Millionaires – Market Overview, 2007-15
Table 25: HNWIs – HNWI Holdings Growth (%), 2007-15
Table 26: HNWIs – Liquid Asset Composition (%), 2007-15
Table 27: HNWIs – Trends of Investments in Alternative Assets (%), 2007-15
Table 28: HNWIs – Alternative Asset Composition (%), 2007-15
Table 29: HNWIs – Trends in “Art, Wine and Wheels”, 2006-10
Table 30: HNWIs – Real estate performance per region, 2007-2015
Table 31: HNWIs – Trends in UK HNWI foreign real estate investment per country, 2007-2015
Table 32: HNWIs – Composition (%) of Foreign Assets, 2007-15
Table 33: HNWIs – % Growth, 2007-15 – Y Axis
Table 34: HNWIs – % Foreign Allocation, 2007-15 – X Axis
Table 35: UHNWIs – Allocations and Share of HNWI Assets, 2011
Table 36: UHNWIs – UK towns with highest average house prices
Table 37: Major Companies in the Wealth Management Industry in the UK
Table 38: Major UK cities in Wealth Management
Table 39: Potential UK cities for Wealth Management
Table 40: Major multi-family offices in the UK
Table 41: Major single-family offices in the UK
Table 42: UHNWIs – Recent Deal Activity, 2010-2011
Table 43: Major Companies in the Financial Services Industry in the UK
Table 44: Largest 10 UK cities by population and number of UHNWIs
Table 45: GBP to USD Moving Annual Average Exchange Rate, 2006–15
Table 46: Real GDP Growth Rate, 2006–15
Table 47: GDP Per Capita, 2006–15
Table 48: Gross Savings as a % of Real GDP, 2006–2015
Table 49: Domestic Market Capitalization, 2006–10
Table 50: Housing Price Index, 2006–10
Table 51: Commodity Indices, 2006–15
Table 52: Foreign Direct Investments, 2006–2015
Table 53: Investments of FIIs in Equity Products, 2006–10
Table 54: Inflation Rate, 2006–15
Table 55: Repo Rate, 2006–15
Table 56: Balance of Payments, 2006-10
Table 57: Government Debt to GDP, 2006–10
Table 58: Stock Market Performance, 2006–10
Table 59: HNWI Wealth vs. GDP Ratio, 2006–15
Table 60: Capital Formation as % of GDP, 2006-15
Table 61: Disposable Income as % of GDP, 2006-15
LIST OF FIGURES
Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of the United Kingdom
Figure 3: HNWIs in the UK, 2007-15
Figure 4: HNWIs – UK vs. RoW
Figure 5: Asset Price Performance, 2007-11
Figure 6: HNWIs – Growth Factor Correlation, 2007-11
Figure 7: HNWIs – Volume by Wealth Band, 2007-15
Figure 8: HNWIs – Wealth by Wealth Band (in US$ Billion), 2007-15
Figure 9: HNWIs – Per Capita Net Worth (in US$ Million), 2007-15
Figure 10: HNWIs – Volume Distribution Wealth Pyramid, 2011
Figure 11: HNWIs – Wealth Distribution Wealth Pyramid, 2011
Figure 12: UHNWIs – Volume by Wealth Band, 2007-15
Figure 13: UHNWIs – Wealth by Wealth Band (in US$ Billion), 2007-15
Figure 14: UHNWIs – Per Capita Net Worth (US$ Million), 2007-15
Figure 15: UHNWIs – Age Distribution, 2011
Figure 16: UHNWIs – Job Titles, 2007- 2011
Figure 17: UHNWIs – Distribution by Industry, 2011
Figure 18: UHNWIs – Sector Performance, 2007–2011
Figure 19: UHNWIs – Sector Performance, 2010–2011
Figure 20: UHNWIs – Sector Forecasts, 2011–2015
Figure 21: UHNWIs – Importance of Entrepreneurship, 2011
Figure 22: UHNWIs – Regional Distribution, 2011
Figure 23: UHNWIs – Human Capital Development Index by Region, 2011
Figure 24: UHNWIs – Region by Sector, 2011
Figure 25: UHNWIs – Regional Performance, 2007-2011
Figure 26: UHNWIs – Regional Performance, 2010-2011
Figure 27: UHNWIs – Regional Forecasts, 2011-2015
Figure 28: Non-domiciled UHNWIs – Country-wise Share, 2011
Figure 29: Non-domiciled UHNWIs – Volume Growth, 2007-11
Figure 30: Non-domiciled UHNWIs – Sector-wise Share, 2011
Figure 31: UHNWIs – The Billionaires – Market Overview, 2007-15
Figure 32: Billionaires – Average Age, 2011
Figure 33: Billionaires – Performance, 2007-2011
Figure 34: Billionaires – Performance, 2010 - 2011
Figure 35: Non-domiciled Billionaires – Country-wise Share, 2011
Figure 36: UHNWIs – Centimillionaires – Market Overview, 2007-15
Figure 37: UHNWIs – The Affluent Millionaires – Market Overview, 2007-15
Figure 38: Core HNWIs – Volume by Wealth Band, 2007-15
Figure 39: Core HNWIs – Wealth by Wealth Band (in US$ Billion), 2007-15
Figure 40: Core HNWIs – Per Capita Net Worth by Wealth Band, 2007-15
Figure 41: Core HNWIs – Mid Tier Millionaires – Market Overview, 2007-15
Figure 42: Core HNWIs – Lower Tier Millionaires – Market Overview, 2007-15
Figure 43: HNWIs – Asset Class Composition, 2007-15
Figure 44: HNWIs – Changing Trends in Total Liquid Assets (as % of Total Assets), 2007-15
Figure 45: HNWIs – Liquid Assets Composition (US$ Billions), 2007-15
Figure 46: HNWIs – Trends of Investments in Alternative Assets (in US$ Billion), 2007-15
Figure 47: HNWIs – Trends in “Art, Wine and Wheels”, 2006-10
Figure 48: HNWIs –Foreign Asset Allocation vs. Growth, 2011-2015
Figure 49: HNWIs – Global Distribution of Foreign Investments, 2007-15
Figure 50: UHNWIs – Asset Class Composition, 2007-15
Figure 51: Wealth Management Industry in the UK – Clientele Model
Figure 52: UK Wealth Management Industry – Behavioral Mapping, 2011
Figure 53: UK Wealth Management Industry – Porters Five Forces
Figure 54: GBP to USD Moving Annual Average Exchange Rate, 2006–15
Figure 55: Real GDP Growth (%), 2006–15
Figure 56: GDP Per Capita, 2006–15
Figure 57: Gross Savings as a % of Real GDP, 2006–2015
Figure 58: Domestic Market Capitalization, 2006–10
Figure 59: Housing Price Index, 2006–10
Figure 60: Commodity Indices, 2006–15
Figure 61: Foreign Direct Investments, 2006–2015
Figure 62: Investments of FIIs in Equity Products, 2006–10
Figure 63: Inflation Rate, 2006–15
Figure 64: Repo Rate, 2006-15
Figure 65: Balance of Payments, 2006-10
Figure 66: Government Debt to GDP, 2006–10
Figure 67: Stock Market Performance, 2006–10
Figure 68: HNWI Wealth vs. GDP Ratio, 2006–15
Figure 69: Capital Formation as % of GDP, 2006-15
Figure 70: Disposable Income as % of GDP, 2006-15
Figure 71: UHNWIs – Age band by sector, 2011
Figure 72: UHNWIs – Job Titles, 2011
COMPANIES MENTIONED
Barclays Wealth
Coutts
St James's Place
Brewin Dolphin
Hargreaves Lansdown
Rathbones
GLG Partners
Investec
Smith & Williamson
Lloyds TSB
UBS
HSBC
Goldman Sachs
Merrill Lynch
Societé General PB Hambros
Credit Suisse
JPMorgan Private Bank
Deutsche Bank
EFG Private Bank
BNP Paribas
Stonehage
Smith and Williamson
Fleming Family & Partners
Bedi Capital LLP
Dewhurst Torevell and Co Ltd
Turcan Connell Family Office
Iveagh
Kedge Capital
Grosvenor Limited
Capsicum Private Office
Acropolis Capital Partners Limited
Höegh Capital Partners
Alta Advisers
