The Number of German HNWIs is Forecast to Grow by 11% in 2018, According to a New Study on ASDReports

Monday 14 July 2014, Amsterdam

Report description overview:

The new report now available on ASDReports, is the result of extensive research covering the high net worth individual (HNWI) population and wealth management market in Germany. It focuses on HNWI performance between the end of 2008, which was the peak before the global financial crisis,and the end of 2013. This enables you to see how well Germany’s UHNWI’s have performed through the crisis.

The difference:
•    Obtain a clear understanding of the latest asset allocations of Germany’s Ultra HNWIs across 13 asset classes, so that you may formulate and implement business strategies.
•    Provide yourself with a projections of the volume, wealth and asset allocations of Germany’s Ultra HNWIs to 2018, in order to gain a proper comprehension within the wealth market.
•    Look into the size of Germany’s wealth management industry and gain insights into the drivers of Ultra HNWI wealth, which will enable you to minimize business risks and challenges.


Additional report highlights:

Poverty is a large problem in Germany, with estimates showing over 15% of the population live on the poverty line. However, poverty is very different between West and East Germany, with unemployment being significantly higher in the latter. The government in Germany has been taking drastic steps to bring people out of poverty and give them a positive future.

Interest rates have been considerably low over the review period, with the EU trying to stimulate growth through lending cheap money. However, low interest rates have struggled to promote growth, forcing governments to seek other measures such as quantitive easing. The main obstacle of growth in Germany is the slow growth being seen within the Eurozone and the large amount of capital Germany has had to put forward to bail out struggling economies, such as Greece and Portugal.

Much of the growth in German wealth management and private banking sector over the past decade has been driven by growth in personal wealth and the number of HNWIs and UHNWIs. However, wealth contrasts are a sensitive matter in the country, with Germany being slandered by Greece, due to tough austerity measures that were placed on the country.