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Challenges and Opportunities for the Wealth Sector in Chile 2014

Published By :

WealthInsight

Published Date : May 2014

Category :

Banking

No. of Pages : 60 Pages


Synopsis
  • This report is the result of WealthInsight\'s extensive research covering the high net worth individual (HNWI) population and wealth management market in Chile.
  • The report focuses on HNWI performance between the end of 2008 (the peak before the global financial crisis) and the end of 2013. This enables us to determine how well the country\'s HNWIs have performed through the crisis.

Summary

This report is a thorough analysis of Chile\'s Wealth Management and Private Banking sector, and the opportunities and challenges that it faces.

Scope
  • Independent market sizing of Chile HNWIs across five wealth bands
  • HNWI volume and wealth trends from 2009 to 2013
  • HNWI volume and wealth forecasts to 2018
  • HNWI and UHNWI asset allocations across 13 asset classes
  • Number of UHNWIs in each state and all major cities
  • Fastest growing cities and states for UHNWIs (2009-2013)
  • Insights into the drivers of HNWI wealth
Reasons To Buy
  • The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises dossiers on over 60,000 HNWIs from around the world.
  • The Intelligence Center also includes tracking of wealth and liquidity events as they happen and detailed profiles of major private banks, wealth managers and family offices in each market.
  • With the Database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
  • Report includes comprehensive forecasts to 2018.
Key Highlights
  • In 2013, Chilean HNWIs held 38.7%, equal to US$94 billion, of their wealth outside their home country, which is higher than the global average of 20-30%.
  • WealthInsight expects foreign asset holdings to value US$125 billion by 2018, accounting for 37.2% of total HNWI assets.
  • In 2013, Latin America accounted for 51.4% of these foreign assets.
  • It was followed by North America with 23.5%, Asia-Pacific with 11.7%, Europe with 10.0%, Africa with 2.1%, and the Middle East with 1.3%.
  • During the review period, Chilean HNWI allocations to North America decreased sharply compared with other regions, from 30.1% in 2009 to 23.5% in 2013. Asia-Pacific and Latin America were the emerging regions in terms of global investments.
  • Over the forecast period, WealthInsight expects HNWIs to keep percentage levels relatively similar to 2013, with the biggest change being seen in Latin America with a 3.9% increase. This is due to Latin America becoming more of an emerging economy and the close proximity Chile has to these countries.
Table of Contents

1 Introduction
1.1 Details of this Report
1.2 Definitions

2 Executive Summary

3 Wealth Sector Fundamentals
3.1 Political Background
3.2 Economic Background
3.3 Social Background
3.4 Benchmarking Chile\'s Wealth in Context
3.4.1 Distribution of wealth in Chile
3.5 HNWI Volume and Wealth Trends

4 Competitive Landscape of the Wealth Sector
4.1 Competitive Landscape
4.1.1 Private banks
4.1.2 Wealth managers
4.1.3 Family offices
4.1.4 Financial advisors
4.2 Developments in the Chilean Private Banking Industry
4.3 Wealth Management and the Private Banking Industry
4.4 Chilean Wealth Management Industry - Clientele Model and Maturity
4.5 Behavioral Mapping of Wealth Management and Private Banking in Chile

5 Appendix
5.1 Additional Components of the Chilean Wealth Sector
5.1.1 Philanthropy
5.1.2 Demand for intergenerational wealth transfer
5.1.3 Availability of human resources
5.2 Tax Regulations
5.3 Regulations Related to Immigration, Investment and Employment
5.4 Key Drivers
5.4.1 CLP to US$ exchange rate
5.4.2 Real GDP growth
5.4.3 Per capita GDP
5.4.4 Domestic market capitalization
5.4.5 Commodity index
5.4.6 Foreign direct investments - inflow and outflow
5.4.7 Inflation
5.4.8 Interest rate
5.4.9 Balance of payments
5.4.10 Government debt
5.4.11 Stock market performance
5.5 Wealth Breakdown

6 About WealthInsight

List of Table


Table 1: HNWI Wealth Band and Group Definitions
Table 2: Cities in Chile, 2013
Table 3: Leading Private Banks in Chile by AuM (US$ Million), 2012
Table 4: Chilean Wealth Managers, 2013
Table 5: Wealth Management Industry - Recent Deal Activity in Japan, 2013
Table 6: Chilean Income Tax Bands (CLP), 2013
Table 7: CLP per US$ Exchange Rate, 2009-2018
Table 8: Chilean Real GDP Growth (%), 2009-2018
Table 9: Chilean GDP per Capita (US$), 2009-2018
Table 10: Chilean Domestic Market Capitalization (US$ Billion), 2009-2013
Table 11: Chilean Commodity Indices, 2009-2018
Table 12: Chilean Foreign Direct Investments (US$ Billion), 2009-2018
Table 13: Chilean Inflation Rate (%), 2009-2018
Table 14: Chilean Interest Rate (%), 2009-2018
Table 15: Chilean Balance of Payments (US$ Billion), 2009-2013
Table 16: Chilean Government Debt as a Percentage of GDP (%), 2009-2018
Table 17: Chilean Stock Market Performance, 2009-2013
Table 18: Chilean HNWI Wealth vs GDP Ratio (%), 2009-2018
Table 19: Chile - Appendix One
Table 20: Chile - Appendix Two

List of Chart


Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Chile
Figure 3: Chilean Asset Price Performance, 2009-2013
Figure 4: Chilean HNWI Performance, 2009-2018
Figure 5: Chilean vs Global HNWIs
Figure 6: Chilean Wealth Management Industry - Maturity Level of Operators
Figure 7: Chilean Wealth Management Industry - Behavioral Mapping, 2013
Figure 8: CLP to US$ Exchange Rate, 2009-2018
Figure 9: Chilean Real GDP Growth (%), 2009-2018
Figure 10: Chilean GDP per Capita (US$), 2009-2018
Figure 11: Chilean Domestic Market Capitalization (US$ Billion), 2009-2013
Figure 12: Chilean Commodity Indices, 2009-2018
Figure 13: Chilean Foreign Direct Investments (US$ Billion), 2009-2018
Figure 14: Chilean Inflation Rate (%), 2009-2018
Figure 15: Chilean Interest Rate (%), 2009-2018
Figure 16: Chilean Balance of Payments (US$ Billion), 2009-2013
Figure 17: Chilean Government Debt as a Percentage of GDP (%), 2009-2018
Figure 18: Chilean Stock Market Performance, 2009-2013
Figure 19: Chilean HNWI Wealth vs GDP Ratio (%), 2009-2018
Figure 20: Chilean HNWIs - Volume by Wealth Band, 2009-2018
Figure 21: Chilean HNWIs - Wealth by Wealth Band (US$ Billion), 2009-2018
Figure 22: Chilean HNWIs - Wealth per Capita (US$ Million), 2009-2018

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