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Colombia Wealth Report 2014

Published By :

WealthInsight

Published Date : Dec 2014

Category :

Wealth Management

No. of Pages : 114 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 Colombia.

Executive summary

This report reviews the performance and asset allocations of HNWIs and ultra-HNWIs in Colombia. It also includes an evaluation of the local wealth management market.

Scope

  • Independent market sizing of Colombia's HNWIs across five wealth bands
  • HNWI volume, wealth and allocation trends from 2009 to 2013
  • HNWI volume, wealth and allocation forecasts to 2018
  • HNWI and UHNWI asset allocations across 13 asset classes
  • Geographical breakdown of all foreign assets
  • Alternative breakdown of liquid vs investable assets
  • Number of UHNWIs in major cities
  • 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 Colombia
  • Size of Colombian wealth management industry
  • Largest private banks by AuM
  • Detailed wealth management and family office information
  • Insights into the drivers of HNWI wealth

Key highlights

  • There were 35,902 HNWIs in Colombia at the end of 2013. These HNWIs held US$154 billion in wealth, and wealth per HNWI was US$4,291,124.
  • In 2013, Colombian HNWI numbers rose by 0.2%, following growth of 8.5% in 2012• The strong growth in HNWI wealth and volumes is expected to continue over the forecast period. The total number of Colombian HNWIs is forecast to grow by 11.8%, to reach 41,045 in 2018. HNWI wealth is anticipated to record a smaller percentage increase, growing by 29.4% to reach US$211 billion by 2018.
  • At the end of 2013, Colombian HNWIs held 35.1% (US$54 billion) of their wealth offshore, compared to 37.3% (US$30 billion) in 2009.

Reasons to buy

  • The Colombia Wealth Report 2014 is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the report comprises a wide variety of data that is created based on over 115,000 HNWIs from around the world in WealthInsight's database.
  • With the wealth reports as the foundation for its research and analysis, WealthInsight is able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions it covers.
  • The report reviews the performance and asset allocations of HNWIs and ultra-HNWIs. The report also includes projections of the volume, wealth and asset allocations of the HNWIs to 2018 and a comprehensive background of the local economy.
  • The report provides a thorough analysis of the private banking and wealth management sector, the latest merger and acquisition activity, and the opportunities and challenges that it faces.
  • It also provides detailed information on HNWI volumes in each major city.
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 Colombian Wealth in Context
3.4.1 Distribution of wealth in Colombia
3.5 HNWI Volume and Wealth Trends

4 Findings from the WealthInsight HNWI Database
4.1 Trends in HNWI Wealth to 2018
4.1.1 HNWI trend analysis
4.1.2 Wealth band trends
4.1.3 Demographic breakdown of HNWIs
4.1.4 HNWIs – job titles
4.1.5 HNWIs – industry breakdown
4.1.6 HNWIs – industry performance
4.1.7 HNWIs – breakdown by city
4.1.8 HNWIs – city performance
4.1.9 HNWIs – city population densities
4.1.10 HNWIs – city forecasts
4.1.11 HNWIs – breakdown by state
4.1.12 HNWIs – state performance
4.1.13 HNWIs – state population densities
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 – industry breakdown
4.2.5 UHNWIs – city breakdown and performance
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 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
4.7 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 Colombian HNWI Investments
5.1 Analysis by Asset Class
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 Investment trends in equity
5.1.7 Investments trends 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 Central and 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 Colombian UHNWI Investments

6 Competitive Landscape of the Wealth Sector
6.1 Competitive Landscape
6.1.1 Domestic private banks
6.1.2 Foreign private banks
6.1.3 Wealth managers
6.1.4 Family offices
6.1.5 Financial advisors
6.2 Developments in the Colombian Private Banking Industry
6.3 Wealth Management and the Private Banking Industry
6.4 Colombian Wealth Management Industry – Clientele Model and Maturity
6.5 Behavioral Mapping of Wealth Management and Private Banking in Colombia
6.6 Porter’s Five Force Analysis – the Wealth Management Industry

7 Appendix
7.1 Additional Components of the Wealth Sector in Colombia
7.1.1 Philanthropy
7.2 Tax Regulations
7.3 Regulations Related to Immigration, Investment and Employment
7.4 Key Drivers
7.4.1 COP to US$ exchange rate
7.4.2 Real GDP growth
7.4.3 Per capita GDP
7.4.4 Domestic market capitalization
7.4.5 Commodity index
7.4.6 Foreign direct investments – inflow and outflow
7.4.7 Inflation rate
7.4.8 Interest rate
7.4.9 Balance of payments
7.4.10 Government debt
7.4.11 Stock market performance
7.5 Wealth Breakdowns

8 About WealthInsight

List of Table


Table 1: HNWI Wealth Band and Group Definitions
Table 2: Regions in Colombia by Population (Volume), 2013
Table 3: Colombian HNWIs – Volume Distribution (%), 2013
Table 4: Colombian HNWIs – Wealth Distribution by Band (%), 2013
Table 5: Colombian HNWIs – Industry Performance, 2009–2013
Table 6: Colombian HNWIs – Cities, 2013
Table 7: Colombian HNWIs – Growth in Main Cities (Thousand), 2009–2013
Table 8: Colombian HNWIs – Population Densities in Main Cities (Thousand), 2013
Table 9: Colombian HNWIs – Populations in Main Cities (Thousand), 2009–2018
Table 10: Colombian HNWIs – Growth Rates for Main Cities (%), 2009–2018
Table 11: Colombian HNWIs – Population by State (Thousand), 2013
Table 12: Colombian HNWIs – State Performance (%), 2009–2013
Table 13: Colombian HNWIs – Population Density by State (Thousand), 2013
Table 14: Colombian UHNWIs – Gender Performance (%), 2009–2013
Table 15: Colombian UHNWIs – Source of Wealth (%), 2013
Table 16: Colombian UHNWIs – Populations in Top Cities (Hundred), 2009–2018
Table 17: Colombian UHNWIs – Growth Rates in Top Cities (%), 2009–2018
Table 18: Colombian Billionaires – Market Overview (Volume and Wealth), 2009–2018
Table 19: Colombian Billionaires – Top 10 (US$ Billion), 2013
Table 20: Colombian Billionaires – Wealth Growth (US$ Billion), 2009−2013
Table 21: Colombian Centimillionaires – Market Overview (Volume and Wealth), 2009–2018
Table 22: Colombian Affluent Millionaires – Market Overview (Volume and Wealth), 2009–2018
Table 23: Colombian Mid-Tier Millionaires – Market Overview (Volume and Wealth), 2009–2018
Table 24: Colombian Lower-Tier Millionaires – Market Overview (Volume and Wealth), 2009–2018
Table 25: Colombian HNWIs – Asset Allocations (%), 2009–2018
Table 26: Colombian HNWIs – Holdings Growth (%), 2009–2018
Table 27: Colombian HNWIs – Alternative Asset Composition (%), 2009–2018
Table 28: Colombian HNWIs – Investment Trends in Alternative Assets (%), 2009–2018
Table 29: Colombian HNWIs – Trends in ‘Art, Wine and Wheels’, 2009–2013
Table 30: Global Prime Real Estate Prices (US$), 2014
Table 31: Colombian HNWIs – Foreign Investment Allocations (%), 2009–2018
Table 32: Colombian HNWIs – Liquidity Breakdown (US$ Billion), 2009–2018
Table 33: Colombian HNWIs – Liquidity Breakdown (%), 2009–2018
Table 34: Colombian UHNWIs – Allocations and Share of HNWI Assets (%), 2013
Table 35: Leading Domestic Private Banks in Colombia by Local AuM (US$ million), 2013
Table 36: Leading Foreign Private Banks in Colombia by Local AuM (US$ million), 2013
Table 37: Wealth Management Industry – Recent Deal Activity in Colombia, 2014–2013
Table 38: Colombian Income Tax Bands (USD), 2013–2014
Table 39: COP per US$ Exchange Rate, 2009–2018
Table 40: Colombian Real GDP Growth (%), 2009–2018
Table 41: Colombian GDP per Capita (US$), 2009–2018
Table 42: Colombian Domestic Market Capitalization (US$ Billion), 2009–2013
Table 43: Colombian Commodity Indices, 2009–2018
Table 44: Colombian Foreign Direct Investment (US$ Billion), 2007–2011
Table 45: Colombian Inflation Rate (%), 2009–2018
Table 46: Colombian Money Market Rate (%), 2009–2018
Table 47: Colombian Balance of Payments (US$ Billion), 2009–2013
Table 48: Colombian Government Debt as a Percentage of GDP, 2009–2018
Table 49: Colombian Stock Market Performance, 2009–2013
Table 50: Colombian HNWIs – Ratio of Wealth to GDP, 2009–2018
Table 51: Colombia – Appendix One
Table 52: Colombia – Appendix Two

List of Chart


Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Colombia
Figure 3: Colombian Asset Price Performance (%), 2009–2013
Figure 4: Colombian HNWIs – Volume and Wealth, 2009–2018
Figure 5: Colombian vs Global HNWIs (%), 2009–2018
Figure 6: Colombian HNWIs – Growth Factor Correlation, 2009–2013
Figure 7: Colombian HNWIs – Wealth Pyramid (Volume Distribution), 2013
Figure 8: Colombian HNWIs – Wealth Pyramid (Volume Distribution by Band), 2013
Figure 9: Colombian HNWIs – Age Distribution (%), 2013
Figure 10: Colombian HNWIs – Job Titles (%), 2009–2013
Figure 11: Colombian HNWIs – Distribution by Industry (%), 2013
Figure 12: Colombian HNWIs – City Performance (%), 2009–2013
Figure 13: Colombian HNWIs – Population by City (Thousand), 2009 and 2013
Figure 14: Colombian HNWIs – City Forecasts (%), 2014–2018
Figure 15: Colombian HNWIs – Populations by City (Thousand), 2014–2018
Figure 16: Colombian UHNWIs – Wealth Shares vs Population Growth (%), 2009–2013
Figure 17: Colombian UHNWIs – Population by Wealth Band (Thousand), 2009–2018
Figure 18: Colombian UHNWIs – Wealth by Wealth Band (US$ Billion), 2009–2018
Figure 19: Colombian UHNWIs – Age Distribution (Percentage Share), 2013
Figure 20: Colombian UHNWIs – Distribution by Industry (%), 2013
Figure 21: Colombian Billionaires – Market Overview (Volume and Wealth), 2009–2018
Figure 22: Colombian Centimillionaires – Market Overview (Volume and Wealth), 2009–2018
Figure 23: Colombian Affluent Millionaires – Market Overview (Volume and Wealth), 2009–2018
Figure 24: Colombian Mid-Tier Millionaires – Market Overview (Volume and Wealth), 2009–2018
Figure 25: Colombian Lower-Tier Millionaires – Market Overview (Volume and Wealth), 2009–2018
Figure 26: Colombian HNWIs – Asset Class Composition (%), 2009–2018
Figure 27: Colombian HNWIs – Investment Trends in Alternative Assets (US$ Billion), 2009–2018
Figure 28: Colombian HNWIs – Trends in ‘Art, Wine and Wheels’, 2009–2013
Figure 29: Colombian HNWIs – Foreign Investment Allocation and Growth (%), 2013
Figure 30: Colombian HNWIs – Global Distribution of Foreign Investments (%), 2009–2018
Figure 31: Colombian HNWIs – Liquidity Breakdown (%), 2009–2018
Figure 32: Colombian UHNWIs – Asset Class Composition (%), 2009–2018
Figure 33: Colombian Wealth Management Industry – Maturity Level of Operators, 2014
Figure 34: Colombian Wealth Management Industry – Behavioral Mapping, 2013
Figure 35: Colombian Wealth Management Industry – Five Forces Analysis
Figure 36: COP to US$ Exchange Rate, 2009–2018
Figure 37: Colombian Real GDP Growth (%), 2009–2018
Figure 38: Colombian GDP per Capita (US$), 2009–2018
Figure 39: Colombian Domestic Market Capitalization (US$ Billion), 2009–2013
Figure 40: Colombian Commodity Indices, 2009–2018
Figure 41: Colombian Foreign Direct Investment (US$ Billion), 2007–2011
Figure 42: Colombian Inflation Rate (%), 2009–2018
Figure 43: Colombian Money Market Rate (%), 2009–2018
Figure 44: Colombian Balance of Payments (US$ Billion), 2009–2013
Figure 45: Colombian Government Debt as a Percentage of GDP, 2009–2018
Figure 46: Colombian Stock Market Performance, 2009–2013
Figure 47: Colombian HNWIs – Ratio of Wealth to GDP, 2009–2018
Figure 48: Colombian HNWIs – Volume by Wealth Band, 2009–2018
Figure 49: Colombian HNWIs – Wealth by Wealth Band (US$ Billion), 2009–2018
Figure 50: Colombian HNWIs – Wealth per Capita (US$ Million), 2009–2018

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