The ‘HNWI in Singapore Wealth Management Industry – Trends, Analysis and Forecast (2010-2015)’ analyzes the needs and behavior of HNWIs in Singapore and provides a detailed analysis of factors driving the wealth of HNWIs and challenges faced by the wealth management firms in Singapore.
Browse market data tables and in-depth TOC on HNWI in Singapore Wealth Management Industry – Trends, Analysis and Forecast
Early buyers will receive 10% customization of reports.
The wealth of HNWIs in Singapore is growing at 35.6%, whereas wealth of HNWIs is growing at 17.1% globally and 25.8% in APAC. The population of HNWIs is growing at 35.6% in Singapore, whereas it is growing at 18.9% globally and at 30% in APAC. The growing wealth and population of HNWIs in Singapore provides a huge opportunity for wealth management companies to increase their revenues and customer base.
HNWIs in Singapore are demanding frequent personal interactions with their wealth managers. They want their managers to possess better product knowledge, be open to new ideas, and personally interact with them on a regular basis. They want them to understand their needs and the risk associated with a particular investment product. One of the major reasons why HNWIs change their wealth managers is their failure to understand the needs of clients.
The main purpose of this report is to study the changing needs and behavior of HNWIs in Singapore. It also aims to study their investing patterns and the factors, which will drive HNWIs wealth and the challenges faced by wealth management firms.
HNWIs are giving more importance to personal interactions.
Equities to be the preferred asset class
Past performance and transparency in operations are the major criteria for selecting wealth managers.
HNWIs are more dependant on their financial advisors for making decisions about investment.
Wealth management firms adopting better customer relationship management solution and gaining expertise in third party and in-house products will lead the race.
Scope of the report
This section discusses the market size and segmentation of the wealth management industry as a whole, and segmentation of the wealth of HNWIs in Singapore based on the way they have accumulated it, the different asset classes and the different geographies in which they invest it.
This section discusses the trends related to changes in the needs and demands of HNWIs in Singapore as well as the factors that are driving wealth creation in the country. It also discusses the investments made by HNWIs in different asset classes and the challenges faced by the wealth management firms.
Trends of HNWIs in Singapore
This section discusses the varying demands of HNWIs based on their age group and the criteria they follow to choose their wealth managers. This section also discusses what asset classes are favored by HNWIs in Singapore.
Business case study
The case study discusses the measures taken by Oversea-Chinese Banking Corporation (OCBC) Bank based in Singapore, to improve customer service by streamlining its operations and save time on managing client information.
This section describes companies offering wealth management services in Singapore, and includes an overview, primary business, wealth management operations in Singapore, strategies followed by them and recent developments related to wealth management operations in India
MarketsandMarkets (M&M) is a global market research and consulting company based in the U.S. We publish strategic advisory reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services.
M&M Banking and Financial Services practice recognizes the challenges that financial institutions face bringing the right products to market. Our reports and consulting practice provide a unique perspective allowing the financial institution to see and experience the best way to achieve their product goals. Through a mix of case studies, primary research, and business modeling we provide a 360° view to identify how you can create, capture, and keep the value of your product and out think the competition.