Wealth Management Super League 2016; Comparing the performance of the world's leading wealth managers

Published: October 2016
No. of Pages: 45
    ReportsandReports

Super League competitors combined wealth management client AUM slowed its expansion in 2015, improving only by 0.9% over 2014. The reduced growth is reflective of wealth managers’ divesting activity, but also challenging market conditions. Nevertheless, the majority of competitors recorded positive (if lower than a year ago) new money flows, suggesting the return of clients’ confidence in their advisors’ skills. Looking forward, however, 2016 results will reveal whether HNW investors are indeed ready to trust the biggest players with their money.

At the end of 2015, client assets booked with the world’s 25 leading private wealth managers grew by 0.9%. The top three rankings remained unchanged, with Switzerland’s UBS leading the way, followed by the US players Bank of America (BoA) Merrill Lynch and Morgan Stanley. Although industry-wide growth was much weaker than a year ago, pushed down by challenging market conditions and exchange rate fluctuations, most competitors maintained positive new money flows.

Key points include:

• Combined private clients’ assets under management (AUM) held with Super League wealth managers stood at $8.6tn in 2015. More than half of these assets were booked with the largest four players.

• Net inflows in the Super League remained strong in 2015, although they decreased for the first time since 2012.

• Only half of the top wealth managers succeeded in growing their profits in 2015, though the vast majority stayed in the black.

• Growing costs and contracting margins remain the challenge for all major players, as the average cost/revenue ratio of the largest 25 wealth managers stood at an all-time high in 2015.

Critical success factors:

• Innovative investment products will be key to AUM growth – 2015 saw increased volatility in capital markets, which had a direct impact on wealth managers’ AUM figures. With unsteadiness continuing in 2016, clients are likely to seek alternatives to their current portfolios. Competitors that fail to provide attractive options will suffer from negative money flows.

• Seeking efficiencies is critical – Most competitors in 2015, even those that grew their profits, were struggling with growing costs. While some of these can be considered out of control and related to legacy legal investigations, wealth managers should look to improve efficiency where possible. This can be achieved through leveraging technology or streamlining processes.

• Existing locations cannot be neglected – The biggest players continued to divest from non-core locations in order to focus on growth markets, in many cases Asia Pacific.

However, consequently the competition will be fierce in this region and growing a presence in this market can prove costly. At the same time, smaller wealth managers have already started growing their market shares in other locations, potentially posing a threat to established players here.

The report “Wealth Management Super League 2016; Comparing the performance of the world's leading wealth managers” benchmarks the world’s leading wealth managers by managed client assets and financial performance. The report covers the 25 most prominent institutions, including standalone private banks and wealth managers, as well as competitors that are part of larger universal financial groups.

In particular, this report allows the following:

• Analyzes historical growth, as well as perspectives for further development of AUM, both in terms of current asset base expansion and attracting new money.

• Compares the profitability of the covered competitors, examining sources of revenue and the largest components of the cost base.

• Examines how wealth management units folded into larger organizations contribute to the wider business of the competitor in question.

Companies mentioned in this report: ABN Amro, Bank of America Merrill Lynch, Barclays, BNP Paribas, BNY Mellon, Charles Schwab, Citigroup, Citi Private Bank, Crédit Agricole, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, HSBC Private Bank, JP Morgan, Julius Baer, Morgan Stanley, Northern Trust, Pictet, Royal Bank of Canada, RBC, Royal Bank of Scotland, RBS, Santander, Société Générale, Standard Chartered, UBS, US Trust, Vontobel, Wells Fargo.

Published By: GlobalData
Product Code: Verdict699


Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:

  • Global and United States Trade Finance In-Depth Research Report 2017-2022

    The report is based on the market historical data from 2012 to 2016 and forecast the market trend from 2017 to 2022. This report focuses on the U.S. market and presents volume and value of market share by players, by regions, by product type, by c...

  • 2017-2022 Global and Japan Trade Finance Market Analysis Report

    The global Trade Finance market is valued at XX million USD in 2016 and is expected to reach XX million USD by the end of 2017, growing at a CAGR of XX% between 2016 and 2022. Japan plays an important role in global market, with market size of xx ...

  • Global and Europe Trade Finance Market - Analysis and Outlook to 2022

    This report presents a comprehensive overview of the Trade Finance market in Europe, which shares the history data information from 2012 to 2016, and forecast from 2017 to 2022. This report provides a detailed analysis of the market, including its...

  • Global Trade Finance Detailed Analysis Report 2017-2022

    This report mainly introduces volume and value market share by players, by regions, by product type, by consumers and also their price change details. As a Detailed Analysis report, it covers all details inside analysis and opinion in Trade Finance i...

  • Europe Specialty Insurance Market by Manufacturers, Countries, Type and Application, Forecast to 2022

    There is no standard definition for specialty insurance, in this report, specialty insurance includes high-hazard insurance, non-standard general insurance, niche market segments, bespoke underwriting, and excess and surplus lines insurance. Scope...

  • The Global Wealth Market in 2017

    The Global Wealth Market in 2017 Summary Global wealth market is on a continuous growth path. Worldwide liquid onshore assets will exceed $100tn by the end of 2017. However, the market is not homogenous: rates and reasons for growth differ betw...

  • Global and China UBI Industry Report, 2017-2021

    Starting in China in 2012, later than in foreign countries, UBI is primarily developed by mainly referring to foreign products and mature models. Auto insurance, always the largest subsector of property insurance in China, reported original premium i...

  • UK Travel Insurance: Market Dynamics & Opportunities 2017

    UK Travel Insurance: Market Dynamics & Opportunities 2017 Summary In 2016, the UK travel insurance market experienced a decrease of 18% in the number of policies being written, which resulted in GWP dropping 9%. Profitability within the market ...

  • Offshore Investment: Booking Center Preferences 2017

    Offshore Investment: Booking Center Preferences 2017 Summary Offshore investment market is growing once again, reassuring all banks and wealth managers serving this lucrative, if challenging segment that the Common Reporting Standard (CRS) and ...

  • UK SME Insurance: Market Dynamics and Opportunities 2017

    UK SME Insurance: Market Dynamics and Opportunities 2017 Summary After recording a growth every year since 2012, the United Kingdom SME insurance market suffered a sharp decline in 2016. The market was worth £6.4bn in GWP in 2016, down 9.0% ye...


Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: