HNWI wealth will also grow by 25%, reaching US$5.6 trillion by 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. The report reviews the performance and asset allocations of HNWI’s and Ultra- HNWI’s in Germany. It also includes an evaluation of the local wealth management market.

The difference:

• Obtain a clear understanding of HNWIs and UHNWIs in Germany, broken down by wealth bands, demographics, job titles, industries and regions so that you may formulate and implement business strategies.
• Provide yourself with a comprehensive breakdown of asset class composition, across five wealth brands with a further look into key investments in order to gain a proper comprehension within the wealth market and its trends.
• Look into wealth managers, private banks, family offices and financial advisors, to allow a full evaluation of competitive risk and success factors, which will enable you to minimize business risks and challenges.

Additional report highlights:

Due to unfavorable world market conditions during the review period, the German wealth management market has struggled to achieve its full potential. However, the market is attractive; not only for local development, but also to foreign institutions, as it holds over US$4 trillion in wealth.  Much of the growth in the 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. 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.

Forecast data shows that Germany will record positive growth in 2014, after growing by 0.4% in 2013. Figures from the National Institute for Statistics (Istat) predict that Germany will register positive growth for 2014 as a whole. Interest rates have been considerably low during the review period, with the EU trying to stimulate growth through lending cheap money. Low interest rates, however, have struggled to promote growth, forcing governments to seek other measures such as quantitative easing.

The main obstacle of growth in Germany is the slow amount of growth being seen within the Eurozone, as well as the large amount of capital Germany has had to put forward to bail out struggling economies, such as Greece and Portugal.