Tuesday 21 October 2014

UK Wealth Report 2014

UK Wealth Report 2014  provides extensive research covering the high net worth individual (HNWI) population and wealth management market in the UK. Reviewing the performance and asset allocations of HNWIs and ultra-HNWIs in the UK, it also includes an evaluation of the local wealth management market.

 

Report Highlights

  • There were 675,139 HNWIs in the UK in 2013. These HNWIs held US$2.5 trillion in wealth, and wealth per HNWI was US$3,769,324.
  • In 2013, the UK’s HNWI numbers rose by 2.8%, following a 1.2% decrease in 2012. Growth in HNWI wealth and volumes is expected to improve over the forecast period. 
  • The number of UK HNWIs is forecast to grow by 12.7% to reach 783,549 by 2018, and HNWI wealth is expected to grow by 27.0%, to reach US$3.4 trillion by 2018. 
  • In 2013, equities was the largest asset class for UK HNWIs, with 28.6% of total HNWI assets, followed by business interests with 25.4%, real estate with 17.5%, fixed-income with 15.8%, cash and deposits with 6.7%, and alternatives with 6.0%. 
  • Equities, real estate and alternatives recorded growth at respective review-period rates of 47.3%, 32.8% and 32.3%. 
  • Alternative assets held by UK HNWIs increased during the review period from 5.8% of total HNWI assets in 2009 to 6.0% in 2013. 
  • HNWI allocations to commodities increased from 1.1% of total assets in 2009 to 1.4% in 2013. 
  • Allocations in commodities are expected to decline over the forecast period, reaching 1.0% of total HNWI assets by 2018, as global liquidity tightens from an expected drop in demand from China for raw materials, which will cause global commodity prices to flatten. 
  • In 2013, UK HNWI liquid assets amounted to US$1.3 trillion, representing 51.2% of wealth holdings.


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