Israeli Wealth Sector Analysed by WealthInsight in New Report Published at MarketPublishers.com
09 Oct 2014 • by Natalie Aster
LONDON – The number of Israeli high net worth individuals (HNWIs) reached 79,346 in 2013, with their combined wealth estimated at USD 421 billion. Growth in HNWI volumes and wealth are both expected to improve during 2014-2018. The number of the country’s HNWIs is projected to grow by 8.8% and reach 88,131 by 2018-end. The local HNWIs’ wealth is forecast to reach USD 535 billion by 2018, increasing by around 20%. In 2013, Israel’s HNWIs held USD 102 billion of their wealth abroad. Wealth held by the domestic HNWIs is forecast to reach a value of USD 682 billion in 2018, increasing by close to 27.5% in the next four years.
In spite of an unfavourable global market situation, the Israeli wealth management sector is emerging, being attractive for local development and to foreign institutions, as it holds USD 421 billion in wealth. Much of the growth in the national wealth management and private banking market over the last ten years has been propelled by the country’s volume of UHNWIs and HNWIs. Private banks are expected to focus more on the UHNWI market in the next few years, as the profits held by them are at the highest level.
New study “Israel Wealth Report 2014” created by WealthInsight covers the Israeli wealth management market and the local HNWI population.
The report provides market size information with respect to Israel’s HNWI population across 5 wealth bands. It identifies and examines prevalent trends in HNWI wealth, volumes and allocations during 2009-2013 as well as to end-2018; gives an overview of HNWI and UHNWI asset allocations across 13 classes of assets; and examines the drivers of HNWI wealth. A geographic breakdown of all foreign assets is provided, as well as an alternative breakdown of liquid versus investable assets is included. The research publication offers information on the number of UHNWIs in top cities, the number of wealth managers in each city, city-wise ratings of wealth management potential and saturation. It gives details of the development, opportunities and challenges of the Israeli wealth management and private banking sector, provides market sizing of the domestic wealth management industry, reviews the biggest private banks by AuM, and contains granular wealth management and family office information.
Israel Wealth Report 2014
Published: October, 2014
Price: US$ 4,995.00
More new reports by the publisher can be found at WealthInsight page.