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Home >
Wealth Management in Spain 2009
Report
Published: August 2009
Pages: 66
Tables: For full details, please email keithw@cmsinfo.com
From: GBP 2809.38 Buy Now!
Research from: Datamonitor
Sector: Financial Services
Introduction
The country's serious economic issues are having a major effect on Spain's onshore wealthy population. Although Datamonitor forecasts a recovery in Spain's wealthy population by 2011, the next few years will be difficult for wealth managers trying to keep existing clients, and win new ones.
Scope
*HNW demographic and attitudinal attributes based on our Wealth Management Market Leaders Survey 2009.
*Sizes, segments and forecasts the number of affluent individuals across 10 liquid asset bands from EUR50k.
*Extensive primary research from 20 wealth management companies highlights their strategies for revenue growth, acquiring and keeping clients.
*Aggregated data covers onshore liquid assets including cash and deposits, mutual funds, direct investment in equities and direct investment in bonds.
Highlights
Spain is in recession, but its banking industry has thus far showed some resilience. All this may be set to fall as the recession deepens and unemployment reaches higher levels in Spain. With continuing economic turmoil and asset prices in freefall, Spanish HNWs have had to fight to protect what they have got, switching their assets into cash.
HNWs are overwhelmed by the current uncertainty and want guidance from their wealth managers, including their views about how long they expect the current crisis to last as well as opportunities to profit from the downturn. A greatly enhanced personal service on the part of Spanish wealth managers is vital.
Reasons to Purchase
*Understand the HNW population's investments by sector and geography, appetite for risk, and reasons for choosing/leaving their wealth service.
*Assess market attractiveness by reviewing size and growth forecasts for the potential wealthy client base five years ahead.
*Assess the threats and opportunities for wealth managers by understanding how peers are planning to grow revenues, acquire and keep clients.
The country's serious economic issues are having a major effect on Spain's onshore wealthy population. Although Datamonitor forecasts a recovery in Spain's wealthy population by 2011, the next few years will be difficult for wealth managers trying to keep existing clients, and win new ones.
Scope
*HNW demographic and attitudinal attributes based on our Wealth Management Market Leaders Survey 2009.
*Sizes, segments and forecasts the number of affluent individuals across 10 liquid asset bands from EUR50k.
*Extensive primary research from 20 wealth management companies highlights their strategies for revenue growth, acquiring and keeping clients.
*Aggregated data covers onshore liquid assets including cash and deposits, mutual funds, direct investment in equities and direct investment in bonds.
Highlights
Spain is in recession, but its banking industry has thus far showed some resilience. All this may be set to fall as the recession deepens and unemployment reaches higher levels in Spain. With continuing economic turmoil and asset prices in freefall, Spanish HNWs have had to fight to protect what they have got, switching their assets into cash.
HNWs are overwhelmed by the current uncertainty and want guidance from their wealth managers, including their views about how long they expect the current crisis to last as well as opportunities to profit from the downturn. A greatly enhanced personal service on the part of Spanish wealth managers is vital.
Reasons to Purchase
*Understand the HNW population's investments by sector and geography, appetite for risk, and reasons for choosing/leaving their wealth service.
*Assess market attractiveness by reviewing size and growth forecasts for the potential wealthy client base five years ahead.
*Assess the threats and opportunities for wealth managers by understanding how peers are planning to grow revenues, acquire and keep clients.