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Ultra HNWIs in Singapore 2013

Published By :

WealthInsight

Published Date : Sep 2013

Category :

Wealth Management

No. of Pages : 101 Pages


Synopsis

This report is the result of WealthInsights extensive research covering the high net worth individual (HNWI) population and wealth management market in Singapore.
The report focuses on HNWI performance between the end of 2007 (the peak before the global financial crisis) and the end of 2012. This enables us to determine how well the country\'s UHNWIs have performed through the crisis.

Summary

This report reviews the performance and asset allocations of Ultra HNWIs in Singapore, and highlights top-performing cities. It also includes an evaluation of the local wealth management industry.

Scope

  • UHNWI volume, wealth and allocation trends from 2008 to 2012
  • UHNWI volume, wealth and allocation forecasts to 2017
  • UHNWI asset allocations across 13 asset classes 
  • Number of UHNWIs in each state and all major cities
  • Fastest growing cities and states for UHNWIs (2008-2012)
  • Number of wealth managers in each city
  • City wise ratings of wealth management saturation and potential
  • Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in Singapore
  • Size of Singaporean wealth management industry
  • Largest domestic private banks by AuM
  • Detailed wealth management and family office information
  • 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 2017.
  • Also provides detailed information on UHNWIs in each major city.

Key Highlights

  • There were 3,867 UHNWIs in Singapore in 2012, with an average wealth of US$86 million per person, making them a prime target group for wealth sector professionals. Of this total, there were 14 billionaires, 947 centimillionaires and 2,906 affluent millionaires in 2012.
  • UHNWIs account for 2.1% of the total HNWI population of Singapore, which is above the global average of 0.7%. During the review period, the number of UHNWIs in Singapore more than doubled, from 1,891 individuals in 2008 to 3,867 in 2012. This was slightly higher than the increase of 99.8% recorded by core HNWIs.
  • There was a wide range of performance between the different UHNWI wealth bands during the review period: The number of billionaires increased significantly by 67%, while the number of centimillionaires and affluent millionaires also increased by 118% and 101% respectively.
  • WealthInsight expects the number of UHNWIs to increase by 59% to reach 6,144 individuals in 2017. This will comprise 17 billionaires, 1,508 centimillionaires and 4,618 affluent millionaires.
Table of Content

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 Singapore Wealth in Context
3.4.1 World statistics
3.4.2 Distribution of wealth in Singapore
3.5 HNWI Volume and Wealth Trends

4 Findings from the WealthInsight HNWI Database
4.1 Trends in HNWI Wealth to 2017
4.1.1 HNWI trend analysis
4.1.2 Trends of the wealth bands
4.1.3 Demographic breakdown of HNWI
4.1.4 HNWIs job titles
4.1.5 HNWIs industry breakdown
4.1.6 HNWIs industry performance
4.2 UHNWIs
4.2.1 UHNWI volume trend analysis
4.2.2 UHNWI wealth trend analysis
4.2.3 Demographic breakdown of UHNWIs
4.2.4 UHNWIs sector breakdown
4.3 UHNWIs Billionaires
4.3.1 Billionaire volume trend analysis
4.3.2 Billionaire wealth trend analysis
4.3.3 Billionaire per capita net worth trend analysis
4.3.4 List of billionaires
4.4 UHNWIs Centimillionaires
4.4.1 Centimillionaire volume trend analysis
4.4.2 Centimillionaires wealth trend analysis
4.4.3 Centimillionaires per capita net worth trend analysis
4.5 UHNWIs Affluent Millionaires
4.5.1 Affluent millionaire volume trend analysis
4.5.2 Affluent millionaire wealth trend analysis
4.5.3 Affluent millionaire per capita net worth trend analysis
4.6 Core HNWIs
4.6.1 Core HNWI volume trend analysis
4.7 Core HNWIs Mid-Tier Millionaires
4.7.1 Mid-tier millionaire volume trend analysis
4.7.2 Mid-tier millionaire wealth trend analysis
4.7.3 Mid-tier millionaire per capita net worth trend analysis
4.8 Core HNWIs Lower-Tier Millionaires
4.8.1 Lower-tier millionaire volume trend analysis
4.8.2 Lower-tier millionaire wealth trend analysis
4.8.3 Lower-tier millionaire per capita net worth trend analysis

5 Analysis of Singaporean HNWI Investments
5.1 Analysis by Asset Classes
5.1.1 Trends in alternative assets
5.1.2 Trends in art, wine and wheels
5.1.3 Trends of investments in real estate
5.1.4 Trends of investments in cash and deposits
5.1.5 Trends of investments in fixed-income
5.1.6 Trends of investments in equities
5.1.7 Trends of investments in business interests
5.2 Analysis of Foreign Investments
5.2.1 Investments in Europe
5.2.2 Investments in North America (Including the US, Mexico and the Caribbean)
5.2.3 Investments in Asia-Pacific
5.2.4 Investments in South America
5.2.5 Investments in the Middle East
5.2.6 Investments in Africa
5.3 Alternative Breakdown: Liquid vs Investable Assets
5.4 Analysis of Singaporean UHNWI Investments

6 Competitive Landscape of the Wealth Sector
6.1 Competitive Landscape
6.1.1 Private banks
6.1.2 Wealth managers
6.1.3 Family Offices
6.1.4 Single-family offices
6.1.5 Financial advisors
6.2 Developments in Singapores Private Banking Industry
6.3 Wealth Management Industry Clientele Model and Maturity
6.4 Behavioral Mapping of Wealth Management and Private Banking in Singapore
6.5 Porters Five Force Analysis The Singaporean Wealth Management Industry
6.6 Financial Services Review
6.6.1 Retail banks
6.6.2 Hedge funds

7 APPENDIX
7.1 Regulations on Taxes
7.2 Economic Indicators
7.2.1 LC to US$ exchange rate
7.2.2 Real GDP growth
7.2.3 Per capita GDP
7.2.4 Domestic market capitalization
7.2.5 Commodity index
7.2.6 Foreign direct investment
7.2.7 Inflation rate
7.2.8 Interest rate
7.2.9 Balance of payments
7.2.10 Government debt
7.2.11 Stock market performance
7.2.12 Wealth Breakdowns

8 ABOUT WEALTHINSIGHT

List of Table

Table 1: HNWI Wealth Band and Group Definitions
Table 2: Main Regions in Singapore
Table 3: Singaporean HNWIs Volume Distribution Wealth Pyramid, 2012
Table 4: Singaporean HNWIs Wealth Distribution Wealth Pyramid (Percentage share), 2012
Table 5: Singapore HNWI Sector Performance, 20082012
Table 6: Singapore UHNWI Gender Performance, 2008- 2012
Table 7: Singapore UHNWI Source of Wealth (Percentage), 2012
Table 8: Singapore Billionaires Market Overview (US$ Billions) 20082017
Table 9: Singapore Top-10 Billionaires (US$ Billions), 2012
Table 10: Singapore Billionaire Wealth Growth, 2008

List of Chart

Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Singapore
Figure 3: Singapore: Asset Price Performance, 20082012
Figure 4: Singapore HNWI Performance, 20082017
Figure 5: Singaporean HNWIs vs the World
Figure 6: Singapore: HNWIs Growth Factor Correlation, 20072012
Figure 7: Singaporean HNWIs Volume Distribution Wealth Pyramid, 2012
Figure 8: Singaporean HNWIs Wealth Distribution Wealth Pyramid (Percentage Share), 2012
Figure 9: Singaporean HNWIs Age Distribution, 2012
Figure 10: Singaporean HNWIs Job Titles, 20082012
Figure 11: Singaporean HNWIs Distribution by Industry, 2012
Figure 12: Singaporean UHNWIs Wealth Share vs Volume Growth, 20082012
Figure 13: Singapore UHNWIs Volume by Wealth Band, 20082017
Figure 14: Singaporean UHNWIs Wealth by Wealth Band (US$ Billion), 20082017
Figure 15: Singapore UHNWIs Age Distribution (Percentage Share), 2012
Figure 16: Singapore UHNWIs Distribution by Industry, 2012
Figure 17: Singapore Billionaires Market Overview, 20082017
Figure 18: Singapore Centimillionaires Market Overview, 20082017
Figure 19: Singapore Affluent Millionaires Market Overview, 20082017
Figure 20: Singaporean Mid-Tier Millionaires Market Overview, 20082017
Figure 21: Singapore Lower-Tier Millionaires Market Overview, 20082017
Figure 22: Singaporean HNWIs Asset Class Composition, 20082017
Figure 23: Singaporean HNWIs Trends in Alternative Assets (in US$ Billion), 20082017
Figure 24: Singapore Trends in Art, Wine and Wheels, 20082012
Figure 25: Singaporean HNWIs Foreign Investment Allocation and Growth (Percentage), 20122017
Figure 26: Singaporean HNWIs Global Distribution of Foreign Investments, 20082017
Figure 27: Singaporean HNWIs Liquidity Breakdown (%), 20082017
Figure 28: Singapore UHNWIs Asset Class Composition, 20082017
Figure 29: Singapore: Wealth Management Industry Maturity Level of Players
Figure 30: Singapore: Behavioral Mapping of HNWIs, 2012
Figure 31: Singaporean Wealth Management Industry Five Forces Analysis
Figure 32: SGD to US$ Exchange Rate, 20082017
Figure 33: Singapore Real GDP Growth (%), 20082017
Figure 34: Singapore GDP Per Capita, 20082017
Figure 35: Singapore Domestic Market Capitalization (US$ Billions) 20082012
Figure 36: Singapore Commodity Indices, 20082017
Figure 37: Singapore Foreign Direct Investments (US$ Billions) 20082017
Figure 38: Singapore Inflation Rate, 20082017
Figure 39: Singapore: Money Market Rate, 2008-2017
Figure 40: Singapore Balance of Payments (US$ Billions) 20082012
Figure 41: Singapore Government Debt to GDP, 20082017
Figure 42: Singapore Stock Market Performance, 20082017
Figure 43: Singapore HNWI Wealth vs GDP Ratio, 20082017
Figure 44: Singaporean HNWIs Volume by Wealth Band, 20082017
Figure 45: Singaporean HNWIs Wealth by Wealth Band (in US$ Billions), 20082017
Figure 46: Singaporean HNWIs Wealth Per Capita (in US$ Billions), 20082017

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