This report focuses on how to better harness the potential of commercial forprofit organizations referred to as the private sector in the future and improve collaboration between the public and private sectors. 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. The strongest region of growth was asia, which posted a 19% increase. Bcg helps corporations and other organizations innovate and. 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. World wealth report 2015 from capgemini and rbc wealth management. Private wealth was also lifted by equity market performance up 16. Martin reeves is a senior partner and managing director in the boston consulting group s new york office and head of bcgs henderson institute. The global wealthmanagement industry delivered a few. Today, allianz unveiled the latest edition of its global wealth report, which puts the asset and debt situation of private households in.
A numb er of banks and wealth manage ment firms around the world are already building execution expertise in delivering remote advice, attracting new clients and reaping significant cost advantages. Wealth was much more concentrated in emerging markets. Gains in global personal financial wealth tumbled by more than 5 percentage points year on year, the weakest performance in. Global wealth report 2019bcg global wealth market sizing database. During the same period, the market size for private banking. Transforming the client dd boston consulting group. The deloitte wealth management centre ranking 2015 3 building on the 20 report, deloitte has analysed the performance of nin e leading international wealth management centres, together with some smaller ones including the channel is lands, liechtenstein, germany and. New millionaire households were also created more quickly in asia pacific than anywhere else, according to the boston consulting group s bcg. The 2014 global wealth report, which boston consulting group bcg published in june 2014 in washington, d.
Global wealth 2015, which is the boston consulting group s fifteenth annual report on the global wealthmanagement industry, is to present a clear and complete portrait of the business, as well as to offer thoughtprovoking analysis of issues that will affect all types of players as they pursue their growth and profitability ambitions in the years to come. This years global wealth report includes two traditional. This report, which is the boston consulting group s eighteenth annu. We partner with clients from the private, public, and notforprofit sectors in all regions to identify their highestvalue opportunities, address their most. In the battle to regain strength, bcgs twelfth annual report on the global wealthmanagement industry, we explore the current size of the market, the present dynamics of offshore banking, the performance levels of leading institutions in a wide range of categories, the emergence of alternative business models, and key trends that all. Asset and wealth management boston consulting group. This increase marked the fifth consecutive year of expanding wealth. The case for action 2015, published by wwf international. Jun 15, 2015 new millionaire households were also created more quickly in asia pacific than anywhere else, according to the boston consulting group s bcg annual global wealth report, as the worlds. Global wealth 2014, which is the boston consulting group s fourteenth annual report on the global wealthmanagement 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. Gains in global personal financial wealth tumbled by more than 5 percentage points year on year, the weakest performance in the past halfdecade. All wealth segments grew robustly, but high growth rates were especially prevalent in the uppermost wealth segments. The wealth report 2020 knight frank global real estate. North america the united states and canada and europe had the deepest pools of wealth, at.
New millionaires help asia overtake europe in private wealth. The asset management industry is shrinking wealth management. The evolution of prime property pricing across global cities. The profitability of european wealth managers has been in constant decline in recent years, with profit margins falling by 40% between 2000 and 2015. The global perspective on who flies privately and how. Only then can an enterprise claim to have scalable smart application capabilities. This is a wonderfully counter intuitive finding from the new credit suisse wealth report. The boston consulting group bcg is a global manage ment consulting. 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. World wealth report 2015 from capgemini and rbc wealth.
The boston consulting groups latest global wealth report describes. Africa competitiveness report 2015 reports world economic. Consulting groups fourteenth annual report on the global. Global wealth report 2018bcg global wealth market sizing database. The study described in this report had three specific goals. Allianz global wealth report 2018 table of contents 7 economic research 08 15 32 37 50 55 70 74 78 154 156 summary development in global financial assets. The boston consulting group bcg is a global management consulting firm and the. Global wealth 2015, which is the boston consulting group s fifteenth annual report on the global wealthmanagement industry, is to present a clear and complete por trait of the business, as well as to offer thoughtprovoking analysis of issues that will affect all types of players as they pursue their growth. To navigate this changing environment and create a. A great opportunity for wealth managers global hnwi population and wealth expanded at moderate rates of 6. This year, the united states continued adding to global wealth at an impressive. Despite the challenging economic environment, wealth has recently grown at a record pace, rising by usd 20.
Holger rubel is a senior partner and managing director and global sustainability lead in the boston consulting group s frankfurt office. Transforming the client experience boston consulting group. Bcg helps corporations and other organizations innovate and achieve sustainable competitive advantage. But for pe investors hoping to capitalize on the regions robust longterm growth story, there is.
New millionaires help asia overtake europe in private. 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. Global wealth continued to grow in 2010, but at a slower pace source. To help wealth executives understand the farreaching implications, roubini thoughtlab, an independent thought leadership consultancy, teamed up with a coalition of leading organizations from the wealth industry to conduct a rigorous study, titled wealth and asset management 2021.
Industry agenda managing the risk and impact of future. Originally released in june 2015, this report has been updated to reflect. Beijing 26 may, 2015 chinas total private wealth market achieved 16 percent annual growth between 20122014 and reached 112t renminbi rmb in 2014. This years global wealth report includes two traditional features. Bcgs 16th annual study of the global wealth management industry offers a. The fourthquarter dip in major stock indexes pulled down equities and the large regional portfolios tied to them. Gli global laboratory initiative global fund the global fund to.
Global wealth report 2015 3 02 introduction 04 global wealth 2015. In the 2017 wwr, we confirm that global hnwi wealth expansion is on track as projected, with. Bcgs intent was to triangulate across and refine existing primary research in order to determine the values at a regional scale, based on the methodology used in the global report, reviving the ocean economy. Therere more poor people in america than there are in china. African nations must embrace global standards of financial reporting to attract foreign investors. This report, the boston consulting groups 17th annual analysis of. Sep 29, 2015 allianz has unveiled the latest edition of its global wealth report, which puts the asset and debt situation of private households in more than 50 countries under the microscope. Application of smart technologies produces new challenges for regulators. Its about time for innovation in wealth management wealth management has now reached a point where a mind shift has become essential. The growth of global private wealth hit a speed bump in 2015, especially in the. The wealth management industry has arrived at an inflection point. Bcg global asset management report 2017 the innovators advantange bcg global wealth report 2017 transforming the client experience bcg global capital markets report 2017 mastering the value migration bcgexpand whitepapers fintech in capital markets a land of opportunity bcg global capital markets report 2016 the value migration bcg global capital.
Financial services practice global management consulting. Oct 14, 2015 this is a wonderfully counter intuitive finding from the new credit suisse wealth report. Looking ahead, this generation looks set to benefit from one. Growth was largely due to north america and europe, with the two. This paper examines the trends that are making virtual advice an imperative for forwardlooking banks and wealth managers, describes emerging. Bcgs fifteenth annual study of the global wealthmanagement industry offers a. Bcg global asset management report 2017 the innovators advantange bcg global wealth report 2017 transforming the client experience bcg global capital markets report 2017 mastering the value migration bcgexpand whitepapers fintech in capital markets a land of opportunity bcg global capital markets report 2016 the value migration bcg global capital markets report 2015.
From the latest dataled global real estate research to prime property spending trends, the wealth report insights launched in june 2019 brings together the latest intelligence and the sharpest insights into the issues that matter most to the worlds wealthy. Originally released in june 2015, this report has been updated to reflect both a revision of input sources for private wealth assets and the addition of 30 countries to our database, which now covers markets representing more than 99 percent of global gdp. Founded in 1963, the boston consulting group bcg is a global managementconsulting firm. Jun 17, 2015 world wealth report 2015 55 executive summary global hnwi population and wealth expanded, though at a slower pace social impact. While every effort has been made to verify the data and information contained in this report, any mistakes and omissions are attributed solely to. Maintaining momentum in 2015 and beyond will likely require participation from a broader set of firms. Understand the value of privatesector engagement in the. Global wealth 2015, which is the boston consulting group s fifteenth annual report on the global wealthmanagement industry, is to present a clear and complete portrait of the business, as well as to offer thoughtprovoking analysis of issues that will affect all types of players as they pursue their. Reviving the ocean economy reveals the seas enormous wealth through assessments of goods and services ranging from fisheries to coastal storm protection, but the report also describes an unrelenting assault on ocean resources through overexploitation, misuse and climate. The boston consulting group bcg is a global management consulting firm and the worlds leading advisor on business strategy. The credit suisse global wealth report offers a comprehensive.