Deerfield Beach, FL -- (SBWIRE) -- 09/03/2015 -- Synopsis

It also examines regional HNWI demographics in the Americas, Europe, Asia-Pacific, and the Middle East and Africa from WealthInsight's proprietary HNWI database comprising 100,000 individuals from the four regions.

Executive summary

Product innovation is increasingly becoming the key to gain market share, as web-based wealth management platforms disrupt the business structures of the traditional wealth management market. Key innovative offerings in wealth management include DIY platforms, social media platforms, lifestyle, innovation platforms and targeted innovative platforms. Web-based companies have increasingly penetrated into the market of core HNWIs.

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Scope

The report covers the following areas:
A global snapshot of the HNWI Market
Market trends in the online wealth management market
Drivers of, and barriers to innovation in wealth management
Attitudes of wealth managers and private bankers to online investment platforms
Web-based wealth management innovations and case studies

Key highlights

- The global HNWI landscape is currently dominated by older HNWIs over the age of 45 years, which account for around 85% of the population. Younger HNWIs aged below 45 years form a minority, with around just 14% of the population.

- Technological advancements and high internet penetration among young HNWIs are driving innovation in wealth management.

- Fast DIY service is a key strength of online investment platforms, with lack of personal service their key weakness. Lower technical know-how among HNWIs aged over 45 is the largest barrier for online investment platforms.

- Web-based companies have been able to penetrate into the market of core HNWIs, comprising lower- and mid-tier millionaires.

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Reasons to buy

Make robust business decisions and build better business strategies using the latest information on product innovation in wealth management.

Understand the drivers of, and barriers to innovation in wealth management, and their implications on the wealth management sector.

Be informed about key market trends in the online wealth management market, and address each trend accordingly.

Understand the attitudes of wealth managers and private bankers to online investment platforms, and develop the best strategies to meet clients' needs.

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