Wealth in Singapore: HNW Investors 2018

Market: Financial Services

Singapore, 58 pages report, published by GlobalData

May-2018

Wealth in Singapore: HNW Investors 2018

Summary

The local HNW segment is older than their global peers, highlighting the need for wealth preservation and efficiently passing on wealth through the generations via trusts or simple inheritance planning. Other opportunities include repatriation of offshore assets and high demand for tax planning due to changes brought about by the OECD’s Common Reporting Standard (CRS). One of the main challenges is the dominance of advisory asset management, whic

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List of Figures
Figure 1: Female HNW investors are more prominent in Singapore than the rest of Asia 10
Figure 2: Expats represent a more significant opportunity in Singapore than in the wider region 11
Figure 3: Maintaining AUM as the lead wealth manager is a constant struggle in Singapore 12
Figure 4: Investors will be more exposed to property and commodities in the coming years 13
Figure 5: The limited size and range of companies on the SGX requires that investors look offshore 14
Figure 6: I

List of Tables
Table 1: Cash and near-cash products: importance of asset allocation drivers 52
Table 2: Equities: importance of asset allocation drivers 53
Table 3: Bonds: importance of asset allocation drivers 53
Table 4: Property: importance of asset allocation drivers 53
Table 5: Commodities: importance of asset allocation drivers 54
Table 6: Alternatives: importance of asset allocation drivers 54

Table of Contents
1. EXECUTIVE SUMMARY 2
1.1. Singapore’s wealth market is dominated by foreigners 2
1.2. Key findings 2
1.3. Critical success factors 2
2. OVERVIEW 9
2.1. Singapore is a crowded market, requiring a targeting strategy customized to a diverse array of HNW investors 9
2.2. Demographics: Professionals employed in the financial services industry represent a lucrative target market 10
2.3. Expats: Wealth managers in Singapore cannot afford to ignore the expat opportunity 11
2.4. Inves