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United States 2012 Wealth Book: The American Dream Revisited

WealthInsight
Published Date » 2012-12-01
No. Of Pages » 138

Synopsis

  • This report is the result of WealthInsights extensive research covering the high net worth individual (HNWI) population and wealth management market in the United States.
  • The report focuses on HNWI performance between the end of 2007 (the peak before the global financial crisis) and the end of 2011. This enables us to determine how well the country's HNWIs have performed through the crisis.

Summary

The US is the largest wealth market in the world, accounting for 5.1 million or 30% of the total number of worldwide HNWIs in 2011. This report reviews the performance and asset allocations of HNWIs and Ultra HNWIs in the US and highlights the top performing cities. It also includes an evaluation of the local wealth management industry.

Scope

The report features: 

  • Independent market sizing of US HNWIs across five wealth bands
  • HNWI volume, wealth and allocation trends from 2007 to 2011
  • HNWI volume, wealth and allocation forecasts to 2016
  • HNWI and UHNWI asset allocations across 13 asset classes 
  • Number of UHNWIs and UHNWI growth rates in every state 
  • Number of UHNWIs in all major cities
  • Fastest growing cities for UHNWIs
  • 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 the US
  • Size of local wealth management industry
  • 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 profiles on major private banks, wealth managers and family offices in each country. 
  • The WealthInsight Intelligence Center Database also includes up to one hundred data-points on over 100,000 HNWIs from around the world. 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. 
  • Comprehensive forecasts to 2016.
  • Detailed information on UHNWIs in each major city.

Key Highlights

  • The number of HNWIs in the United States decreased by 3.1% over the review period from 5.3 million HNWIs in 2007 to 5.1 million HNWIs in 2011. 
  • Over the forecast period, the total number of US HNWIs is forecast to grow by 19.4%, to reach 6.1 million in 2016. 
  • In 2011, business interests were the largest asset class for HNWIs in the US (29% of total HNWI assets), followed by equities (26.7%), real estate (17.4%), fixed income (11.1%), cash (8.6%) and alternatives (7.3%). 
  • With 39,378 UHNWIs, the US accounts for a high 32% of the total number of worldwide UHNWIs in 2011.
  • New York City is the largest city for US UHNWIs, accounting by 7.4% of total US UHNWIs with 2,929 individuals. There are also sizable UHNWI populations in Los Angeles (950 UHNWIs), Chicago (804 UHNWIs), Houston (777 UHNWIs), Dallas (564 UHNWIs) and San Francisco (511 UHNWIs).
  • Greenwich was the top performing city for UHNWIs, with numbers rising by 39% from 252 in 2007 to over 350 in 2011. This was boosted by the movement of a large number UHNWIs out of Manhattan and into Connecticut.
Table of Content

1 Introduction
1.1 What is this Report About?
1.2 Definitions

2 Executive Summary

3 Wealth Sector Fundamentals
3.1 Political Background
3.2 Economic Background
3.3 Benchmarking US Wealth in Context
3.3.1 World Statistics
3.3.2 Distribution of wealth in the US
3.1 HNWI Volume and Wealth Trends 

4 Findings from the WealthInsight HNWI Database
4.1 Trends in HNWI Wealth to 2016
4.1.1 HNWI trend analysis
4.1.2 Trends of the wealth bands
4.1.3 Demographic breakdown of HNWI
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 job titles
4.2.5 UHNWIs industry breakdown
4.2.6 UHNWIs industry performance
4.2.7 UHNWIs Top 25 States
4.2.8 UHNWIs States by sector
4.2.9 UHNWIs Smaller States
4.2.10 UHNWI breakdown by top 10 city
4.2.11 UHNWIs top 10 city performance
4.2.12 UHNWIs population densities
4.2.13 UHNWIs city forecasts
4.2.14 UHNWIs Top 30 US Cities
4.2.15 UHNWIs California Review
4.2.16 UHNWIs New York State Review
4.2.17 UHNWIs Texas Review
4.2.18 UHNWIs Florida Review
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 Billionaires by industry
4.3.5 Billionaires by city
4.3.1 Billionaires by state
4.3.2 Billionaires state by sector
4.3.3 List of billionaires
4.4 UHNWIs Centimillionaires
4.4.1 Centimillionaire volume trend analysis
4.4.2 Centimillionaire wealth trend analysis
4.4.3 Centimillionaire 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
4.6.2 Core HNWI wealth 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 US 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 equity
5.1.7 Trends of investments in business interest
5.2 Analysis of Foreign Investments
5.2.1 Investments in Europe
5.2.2 Investments in Asia Pacific
5.2.3 Investments in Latin America
5.2.4 Investments in the Middle East
5.2.5 Investments in Africa
5.3 Alternative Breakdown: Liquid vs. Investable Assets
5.4 Analysis of US UHNWI Investments
5.5 Case Study: Luxury homes in the US 

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 Financial Advisors
6.2 Developments in the US Private Banking Industry
6.3 United States Wealth Management Industry Clientele Model and Maturity
6.4 Behavioral Mapping of Wealth Management and Private Banking Industry in the US
6.5 Porters Five Force Analysis Wealth Management Industry in the United States
6.6 Financial Services Review
6.6.1 Retail banks
6.6.2 Fund Management 

7 Appendix
7.1 Additional Components of the Wealth Sector
7.1.1 Philanthropy
7.1.2 Demand for Intergenerational Wealth Transfer
7.1.3 Human Resource Availability
7.2 Financial Regulators in United States
7.2.1 Banking Regulations
7.2.2 Regulations on Taxes
7.2.3 Regulations related to immigration, investment and employment
7.3 Key Economic Trends and Drivers
7.3.1 Real GDP growth
7.3.2 Per capita GDP
7.3.3 Domestic market capitalization
7.3.4 Housing price index
7.3.5 Commodity index
7.3.6 Foreign direct investment
7.3.7 Investments of FIIs in equity products
7.3.8 Inflation rate
7.3.9 Interest rate
7.3.10 Balance of payments
7.3.11 Government debt
7.3.12 Stock market performance
7.4 Wealth Breakdowns 

8 About WealthInsight

List of Tables


Table 1: HNWI Wealth Band and Group Definitions
Table 2: USA: Top 10 States by GDP, 2011
Table 3: USA: Top 10 States by GDP per capita, 2011
Table 4: USA: High Income Counties (US$), 2011
Table 5: USA: The largest 10 cities by population, 2011
Table 6: USA: HNWIs Volume Distribution Wealth Pyramid, 2011
Table 7: USA: HNWIs Wealth Distribution Wealth Pyramid (% share), 2011
Table 8: USA: UHNWI Sector performance, 2007- 2011
Table 9: USA: UHNWIs Top 25 states, 2011
Table 10: USA: UHNWIs Top 25 States by UHNWI growth, 2007-2011
Table 11: USA: UHNWIs Top 5 States by Sector, 2011
Table 12: USA: UHNWIs - Smaller States, 2011
Table 13: USA: UHNWIs Top 10 Cities, 2011
Table 14: USA: UHNWI - Population Density in Major Cities, 2011
Table 15: USA: UHNWI in Top Cities, 20072016
Table 16: USA: UHNWI Growth Rates for Top Cities, 20072016
Table 17: USA: UHNWIs - Top 30 cities, 2011
Table 18: USA: UHNWIs - Top 30 cities by UHNWI growth, 2007 - 2011
Table 19: USA: UHNWIs California, Top 20 cities, 2011
Table 20: USA: UHNWIs New York, Top 10 cities, 2011
Table 21: USA: UHNWIs Texas, Top 10 cities, 2011
Table 22: USA: UHNWIs Florida, Top 10 cities, 2011
Table 23: USA: Billionaires Market Overview (US$ Billions) 20072016
Table 24: USA: Billionaires Industry Breakdown, 2011
Table 25: USA: Billionaires City Breakdown, 2011
Table 26: USA: Billionaires State Breakdown, 2011
Table 27: USA: Billionaires State by sector, 2011
Table 28: USA: Top 25 Billionaires (US$ Billions), 2011
Table 29: USA: Billionaire Wealth Growth, 2007

List of Figures


Figure 1: HNWI Wealth Band Definitions
Figure 2: USA: Map
Figure 3: USA: Asset Price Performance, 2007-2011
Figure 4: USA: HNWI Performance, 20072016
Figure 5: USA: US HNWIs vs the World
Figure 6: USA: HNWIs Growth Factor Correlation, 20072011
Figure 7: USA: HNWIs Volume Distribution Wealth Pyramid, 2011
Figure 8: USA: HNWIs Wealth Distribution Wealth Pyramid (% share), 2011
Figure 9: USA: HNWIs Age Distribution, 2011
Figure 10: USA: UHNWIs Wealth Share vs Volume Growth, 20072011
Figure 11: USA: UHNWIs Volume by Wealth Band, 20072016
Figure 12: USA: UHNWIs Wealth by Wealth Band (US$ Billion), 20072016
Figure 13: USA: UHNWIs Age Distribution (% Share), 2011
Figure 14: USA: UHNWIs Job Titles, 20072011
Figure 15: USA: UHNWIs Distribution by Industry, 2011
Figure 16: USA: UHNWIs Sector Performance, 20072011
Figure 17: USA: UHNWIs City Performance, 20072011
Figure 18: USA: UHNWIs City Numbers, 20072011
Figure 19: USA: UHNWIs City Forecasts, 20112016
Figure 20: USA: UHNWIs City numbers, 20112016
Figure 21: USA: Billionaires Market Overview, 20072016
Figure 22: USA: Centimillionaires Market Overview, 20072016
Figure 23: USA: Affluent Millionaires Market Overview, 20072016
Figure 24: USA: Mid-Tier Millionaires Market Overview, 20072016
Figure 25: USA: Lower-Tier Millionaires Market Overview, 20072016
Figure 26: USA: HNWIs Asset Class Composition, 20072016
Figure 27: USA: HNWIs Trends in Alternative Assets (in US$ Billion), 20072016
Figure 28: USA: Trends in Art, Wine and Wheels, 20072011
Figure 29: USA: HNWIs Foreign Investment Allocation and Growth (%), 20112016
Figure 30: USA: HNWIs Global Distribution of Foreign Investments, 20072016
Figure 31: USA: HNWIs Liquidity Breakdown (%), 2007-2016
Figure 32: USA: UHNWIs Asset Class Composition, 20072016
Figure 33: USA: Wealth Management Industry Maturity Level of Players
Figure 34: USA: Wealth Management Industry Behavioral Mapping, 2011
Figure 35: USA: Wealth Management Industry Five Forces Analysis
Figure 36: USA: Real GDP Growth (%), 20062016
Figure 37: USA: GDP Per Capita, 20062016
Figure 38: USA: Domestic Market Capitalization (US$ Billion) 20062011
Figure 39: USA: Housing Price Index, 20062011
Figure 40: USA: Commodity Indices, 20062016
Figure 41: USA: Foreign Direct Investments (US$ Billion) 20062016
Figure 42: USA: Investments of FIIs in Equity Products (US$ Billion) 20072010
Figure 43: USA: Inflation Rate, 20062016
Figure 44: USA: Money Market Rate, 2006-2016
Figure 45: USA: Balance of Payments (US$ Billion) 2006-2011
Figure 46: USA: Government Debt to GDP, 20062016
Figure 47: USA: Stock Market Performance, 20062011
Figure 48: USA: HNWI Wealth vs GDP Ratio, 20072016
Figure 49: USA: HNWIs Volume by Wealth Band, 20072016
Figure 50: USA: HNWIs Wealth by Wealth Band (in US$ Billion), 20072016
Figure 51: USA: HNWIs Wealth per Capita (in US$ million), 20072016

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