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Market Research Report
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1071827

Singapore Wealth Management - High Net Worth (HNW) Investors 2022

Published: | GlobalData | 33 Pages | Delivery time: 1-2 business days

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Singapore Wealth Management - High Net Worth (HNW) Investors 2022
Published: March 15, 2022
GlobalData
Content info: 33 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

GlobalData's 'Singapore Wealth Management - High Net Worth (HNW) Investors 2022' 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. The report is based on our proprietary Global Wealth Managers Survey.

Most HNW individuals in Singapore make their fortune through earned income. However, the local HNW segment is older, highlighting the need for wealth preservation strategies and efficiently passing on wealth through the generations via trusts or simple inheritance planning. In addition, a multi-service proposition is a must as demand is expected to increase across all planning services and mandates.

Scope

  • Expats constitute 20.3% of the local HNW population. They represent an attractive target market thanks to their more complex service requirements.
  • Robo-advice accounts for 8.2% of the Singapore HNW portfolio. Nevertheless, the market for robo-advisory services is growing in the HNW space in Singapore, with multiple wealth managers entering the space.
  • Singapore HNW individuals spread their investments in line with the Asia Pacific average, with asset classes such as bonds, equities, and property dominating the portfolio mix.
  • The average Singapore HNW investor offshores 42.3% of their wealth abroad. While this proportion is expected to increase over the next 12 months, the rise is expected to be less pronounced than in the wider region, indicating that many HNW investors are confident about the country's economic recovery.

Reasons to Buy

  • Develop and enhance your client targeting strategies using our data on HNW profiles and sources of wealth.
  • Enhance your marketing strategies and capture new clients using insights from our data on HNW investors' asset management style preferences.
  • Tailor your investment product portfolio to match the current and future demand for different asset classes among HNW individuals.
  • Develop your service proposition to match the demand expressed by Singapore HNW investors and react proactively to forecast changes in demand.
Product Code: GDFS0571CI

Table of Contents

Table of Contents

  • Demographics
  • Expats
  • Investment Style Preferences
  • Asset Allocation Preferences
  • Offshore Investment Preferences
  • Products and Services

Appendix