New Report - HNWI in Singapore Wealth Management Industry - Trends, Analysis and Forecast (2010-2015) Published by MarketsandMarkets
By Marketsandmarkets, PRNESunday, November 14, 2010
DALLAS, Texas, November 15, 2010 - The 'HNWI in Singapore Wealth Management Industry - Trends, Analysis and
Forecast (2010-2015)' (
www.marketsandmarkets.com/Market-Reports/singapore-hnwi-282.html)
analyzes the needs and behavior of HNWIs in Singapore and provides a detailed
analysis of factors driving the wealth of HNWIs and challenges faced by the
wealth management firms in Singapore.
Browse market data tables and in-depth TOC on HNWI in Singapore Wealth
Management Industry - Trends, Analysis and Forecast
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The wealth of HNWIs in Singapore is growing at 35.6%, whereas wealth of
HNWIs is growing at 17.1% globally and 25.8% in APAC. The population of HNWIs
is growing at 35.6% in Singapore, whereas it is growing at 18.9% globally and
at 30% in APAC. The growing wealth and population of HNWIs in Singapore
provides a huge opportunity for wealth management companies to increase their
revenues and customer base.
HNWIs in Singapore are demanding frequent personal interactions with
their wealth managers. They want their managers to possess better product
knowledge, be open to new ideas, and personally interact with them on a
regular basis. They want them to understand their needs and the risk
associated with a particular investment product. One of the major reasons why
HNWIs change their wealth managers is their failure to understand the needs
of clients. The main purpose of this report is to study the changing needs
and behavior of HNWIs in Singapore. It also aims to study their investing
patterns and the factors, which will drive HNWIs wealth and the challenges
faced by wealth management firms.
Key Findings
HNWIs are giving more importance to personal interactions.
Equities to be the preferred asset class
Past performance and transparency in operations are the major criteria
for selecting wealth managers.
HNWIs are more dependant on their financial advisors for making
decisions about investment.
Wealth management firms adopting better customer relationship management
solution and gaining expertise in third party and in-house products will
lead the race.
Scope of the report
Market Overview
This section discusses the market size and segmentation of the wealth
management industry as a whole, and segmentation of the wealth of HNWIs in
Singapore based on the way they have accumulated it, the different asset
classes and the different geographies in which they invest it.
Market Dynamics
This section discusses the trends related to changes in the needs and
demands of HNWIs in Singapore as well as the factors that are driving wealth
creation in the country. It also discusses the investments made by HNWIs in
different asset classes and the challenges faced by the wealth management
firms.
Trends of HNWIs in Singapore
This section discusses the varying demands of HNWIs based on their age
group and the criteria they follow to choose their wealth managers. This
section also discusses what asset classes are favored by HNWIs in Singapore.
Business case study
The case study discusses the measures taken by Oversea-Chinese Banking
Corporation (OCBC) Bank based in Singapore, to improve customer service by
streamlining its operations and save time on managing client information.
Company Profiles
This section describes companies offering wealth management services in
Singapore, and includes an overview, primary business, wealth management
operations in Singapore, strategies followed by them and recent developments
related to wealth management operations in India
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Contact: Ms. Sunita, 7557 Rambler Road, Suite 727, Dallas, TX 75231, Tel: +1-888-989-8004, Email: sales at marketsandmarkets.com
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