Singapore Wealth Management: HNW Investors 2019

Singapore Wealth Management: HNW Investors 2019

  • April 2020 •
  • 45 pages •
  • Report ID: 5890896 •
  • Format: PDF
Singapore Wealth Management: HNW Investors 2019

Summary
The local HNW segment is older than their global peers, highlighting the need for wealth preservation and efficiently passing on wealth through the generations via trusts or simple inheritance planning.Other opportunities include repatriation of offshore assets and high demand for tax planning due to changes brought about by the OECD’s Common Reporting Standard.

One of the main challenges is the dominance of advisory asset management, which is more time consuming than offering discretionary mandates.

This report analyzes the investing preferences and portfolio allocation of Singapore’s HNW individuals. It profiles HNW investors in terms of their demographics, examines the allocation of HNW investors’ portfolios, analyzes their propensity to invest offshore, and explores their product and service demand.

Scope
- Nearly half of male HNW investors are older than 60, compared to just under 40% of female investors. This is high for the region.
- Singapore’s large expat population is transient, meaning wealth managers must be able to effectively convert them to offshore clients when they leave.
- After years of waning, commodities and property will grow again in HNW portfolios.
- Few providers currently offer impact investing, despite dramatic growth in demand from the next generation of investors.

Reasons to Buy
- Develop and enhance your client targeting strategies using our data on HNW profiles and sources of wealth.
- Give your marketing strategies the edge required and capture new clients using insights from our data on HNW investors’ preferences for the various styles of asset management.
- Tailor your investment product and service portfolio to match current demand among HNW individuals and to react proactively to forecasted changes in demand.
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