Market Research Report
Wealth Management Super League 2016; Comparing the performance of the world's leading wealth managers
|Published by||GlobalData||Product code||374349|
|Published||Content info||45 Pages
|Wealth Management Super League 2016; Comparing the performance of the world's leading wealth managers|
|Published: October 15, 2016||Content info: 45 Pages||
Super League competitors combined wealth management client AUM slowed its expansion in 2015, improving only by 0.9% over 2014. The reduced growth is reflective of wealth managers' divesting activity, but also challenging market conditions. Nevertheless, the majority of competitors recorded positive (if lower than a year ago) new money flows, suggesting the return of clients' confidence in their advisors' skills. Looking forward, however, 2016 results will reveal whether HNW investors are indeed ready to trust the biggest players with their money.
At the end of 2015, client assets booked with the world's 25 leading private wealth managers grew by 0.9%. The top three rankings remained unchanged, with Switzerland's UBS leading the way, followed by the US players Bank of America (BoA) Merrill Lynch and Morgan Stanley. Although industry-wide growth was much weaker than a year ago, pushed down by challenging market conditions and exchange rate fluctuations, most competitors maintained positive new money flows.
However, consequently the competition will be fierce in this region and growing a presence in this market can prove costly. At the same time, smaller wealth managers have already started growing their market shares in other locations, potentially posing a threat to established players here.
The report "Wealth Management Super League 2016; Comparing the performance of the world's leading wealth managers" benchmarks the world's leading wealth managers by managed client assets and financial performance. The report covers the 25 most prominent institutions, including standalone private banks and wealth managers, as well as competitors that are part of larger universal financial groups.
Companies mentioned in this report: ABN Amro, Bank of America Merrill Lynch, Barclays, BNP Paribas, BNY Mellon, Charles Schwab, Citigroup, Citi Private Bank, Credit Agricole, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, HSBC Private Bank, JP Morgan, Julius Baer, Morgan Stanley, Northern Trust, Pictet, Royal Bank of Canada, RBC, Royal Bank of Scotland, RBS, Santander, Societe Generale, Standard Chartered, UBS, US Trust, Vontobel, Wells Fargo.