Private banks and wealth management firms changed their business model following the 2008 financial crisis

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Insight Report Business Strategies for Targeting
UHNWIs in Asia-Pacific
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Synopsis
This report provides insights into the complex
needs of UHNWIs and provides in-depth analysis of
the attitudes of wealth managers and private
bankers towards business strategies to target
UHNWIs. It covers key developed markets as well
as key emerging markets as mentioned below. The
reports also analyses market size of the UHNWIs
and highlights specific business strategies to
target important clients by looking at expansion,
client, marketing and competitor strategies. It
uses WealthInsights proprietary HNWI database
comprising over 120,000 individuals.   Developed
markets include the US, UK, Germany, Switzerland,
Canada and Australia. Emerging markets include
Brazil, Russia, India, China and South
Africa.   Read more details _at_ http//www.bigmarket
research.com/insight-report-business-strategies-fo
r-targeting-uhnwis-in-asia-pacific-market
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Key Findings
Smaller client segments such as UHNWIs yield
higher returns than mass affluent or core
millionaires.   The needs of UHNWIs in using
wealth management and private banking services
are complex.   The majority of UHNWIs (48.1)
are entrepreneurs, followed by those who earned
their wealth or who run a family business.
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Summary
Private banks and wealth management firms
changed their business model following the 2008
financial crisis. Rather than focusing on the
size of their business, private banks and wealth
management firms have become more focused on
specific client segments that yield them the
largest profits. Ultra-high net worth
individuals (UHNWIs) represent less than 1 of
the global HNWI population, but account for
around 33 of global HNWI wealth. UHNWIs offer
wealth managers large-scale profitability due to
the potential size of their investments. By
acquiring UHNWI clients, wealth managers are able
to provide a significant boost to assets under
management, and build long-term profitable
relationships. When using wealth management
services, UHNWIs often require a more
sophisticated service than mass affluent or core
millionaires. Therefore, it is becoming
increasingly important for wealth managers and
private bankers to build trust and brand loyalty
with UHNWI clients, and to understand their
needs.
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Table Of Content
1 Introduction 2 Executive Summary 3
Attitudes of Wealth Managers and Private Bankers
towards the Future Outlook of Business Strategies
to target UHNWIs 4 Global Snapshot of the UHNWI
Market 5 Developed Markets 6 Emerging Markets
7 About WealthInsight
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Reasons To Buy
Understand the complex needs of UHNWIs and know
how best to target them.   Make robust
business decisions and build better business
strategies in most important business areas such
as expansion client and marketing strategies to
target UHNWIs effectively.   Be informed about
key market trends in financial product and
service offerings in developed and emerging
markets, and address each trend accordingly.  
Be aware of attitudes of wealth managers and
private bankers to the future outlook of business
strategies in order to target UHNWIs. Enquire
About Report _at_ http//www.bigmarketresearch.com/re
port-enquiry/169432
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