Market Research Report
Wealth in Canada: HNW Investors 2017
|Published by||GlobalData||Product code||358777|
|Published||Content info||52 Pages
|Wealth in Canada: HNW Investors 2017|
|Published: July 31, 2017||Content info: 52 Pages||
Canadian HNW individuals are drawn mainly from the ranks of business owners - overwhelmingly those in the family business segment. The most prominent industries from which HNW individuals have amassed wealth are real estate, oil and gas, agriculture, and manufacturing. Expats represent an important part of the Canadian resident HNW population, and the majority of expats have lived in the country for more than three years.
HNW market in Canada is dominated by family business owners and expat clients drawn from Asia Pacific and the US. These busy owners prefer discretionary asset management and have little desire to try other options. As cautious investors they favor classic investments such as equities and bonds, investing little into less liquid assets such as property and commodities. Tax is a major issue for the domestic wealth market and a key driver for booking offshore. There is currently strong and growing demand for financial and pension planning.
Key points include in this report -
HNW demand is particularly pronounced for discretionary mandates. While demand for all types of asset management services is on the rise, discretionary asset management has enduring appeal, and demand will continue to outpace other more hands-on approaches. Wealth managers would do well to highlight their expertise as general financial planners able to maximize returns as investment managers, while also ensuring assets are structured in support of life goals and so that the portfolio is best able to cope with the advanced business cycle.
The report "Wealth in Canada: HNW Investors 2017" analyzes the investing preferences and portfolio allocation of HNW Canadians. The report is based on our proprietary Global Wealth Managers Survey.
In depth, this report provides the following analysis -
Companies mentioned in this report: Scotiabank, RBC, Bank of Montreal, TD CanadaTrust